UsePaid launches claim portal after pump token drops 38% due to X Money block
Summary
The price of Solana dropped by 38% after X Money blocked the UsePaid launchpad from sending creator fee payouts to X users. This disruption prompted UsePaid to launch a website claim portal, allowing creators to manually claim their on-chain fees. UsePaid typically connects token creator fees on Solana launchpads to direct dollar payouts through X Money for users with named X accounts, making this payout blockage significant for affected creators.
Tokens
$SOL
Analysis
Paid: UsePaid, operating as @UsePaid, functions as a fee bridge that routes creator fees from Solana-based tokens on supported launchpads to designated X accounts via X Money payouts. The protocol claims fees on-chain and handles conversions for recipients without requiring them to hold tokens or manage wallets directly. Recent events show X Money blocking its payout functionality, leading UsePaid to introduce an on-chain claim portal for eligible fees. Solana: Solana is a high-performance blockchain platform optimized for speed and low transaction costs, serving as the foundation for numerous decentralized applications and token launches. The platform hosts launchpads like pump.fun where creator fees can be directed to protocols such as UsePaid. In this news, Solana underpins the affected launchpad and token ecosystem experiencing disruptions from external payment blocks. Payment Integration: UsePaid connects token creator fees on Solana launchpads to direct dollar payouts through X Money for named X accounts. Protocol Adaptation: Following payout interruptions, UsePaid has enabled manual on-chain claiming of accrued fees via a dedicated website portal.
Categories
cryptosolanadefi
Related sources
- https://twiscan.com/en/x/usepaid
- https://iq.wiki/wiki/usepaid
- https://usepaid.app/
- https://usepaid.app/analytics
- https://x.com/i/status/2104726924518170996
- https://x.com/i/status/2104727269918810548
- https://udegen.io/blog/how-paid-a-solana-token-turns-meme-coin-fees-into-real-dollars-on-x-money
- https://usspaid.app/capital-flow
- https://www.bitrue.com/blog/what-is-usepaid
- https://usepaid.app/docs
- https://phemex.com/academy/what-is-paid-memecoin
- https://x.com/i/status/2104726657974309131
- https://x.com/i/status/2104726764089909491
- https://usspaid.app/
- https://x.com/i/status/2104726809837449416
- https://usspaid.app/docs