The Solana-based Paid (PAID) token experienced a significant market surge on Saturday, climbing more than 410% within a 24-hour period. According to TokenPost, this rally pushed the token’s total market capitalization above the $50 million threshold, accompanied by a trading volume of $54.2 million.
The price action follows the September 19 launch of a new token-issuance feature on the Pons platform. This tool allows project creators to link their X (formerly Twitter) handles to their projects, facilitating fee distributions directly to X Money users. The system is designed to automatically allocate 80% of collected fees to users, while the remaining 20% is converted into Solana (SOL) to support PAID buybacks.
Paid reports that its creator-fee distribution mechanism has already delivered $1.44 million to users. Notably, the distribution process occurs without requiring users to register for the Paid platform or manually approve transactions, a feature that has drawn significant attention from the crypto community.