$PAYUP launches soon. The contract address will be posted by @usepayup first. Anything posted earlier is not ours. Details
PPayup

$PAYUP

One job: absorb the protocol's 20%. Every claim spends that share buying $PAYUP on the open market, and every token bought goes to a burn address.

ContractLaunching soon

@usepayup posts the contract address first. A token with this name that appears earlier is not ours.

Illustration: engraved $PAYUP notes feed into a furnace while the burned counter rolls up.
Protocol share booked
$0.00
Waiting to buy $PAYUP
$0.00
Bought and burned
$0.00

How the burn works

  1. A distribution lands in the treasury in SOL.
  2. We price it in dollars and set 20% aside for $PAYUP.
  3. The reserve buys $PAYUP at market, in batches so fees do not eat small amounts.
  4. The bought tokens go to a burn address in the same transaction or the next one. Both sides are on Solana for anyone to check.

Two more sources feed the reserve: half of every cheque that expires unclaimed in X Money, and half of the balance of any handle that opts out.

What it does not do

Holding $PAYUP does not change the split, does not let you launch anything special and does not give you a share of the treasury. $PAYUP's own creator fees do not go through the 80/20 split; they stay in the protocol treasury.

Read the disclosures before buying.

Burn log

  • The first burn follows the $PAYUP launch. Until then the reserve above keeps growing.