DeFi· ★★· bearish·

UsePaid halts X Money payouts after creator fees spike to $1.54M

  • —Claimed fees hit $1.54 million in a day, roughly 26 times the prior day's total
  • —Total claimed fees reached $5.04 million, with $1.05 million in $PAID burned
  • —$1.08 million paid out across 1,011 payments to 553 recipients, median $154
  • —Largest single payment was $79,839 to @elonmusk on day three
Why it matters: The outage shows $PAID's tokenomics depend on payouts running smoothly: when payments stall, the buyback-and-burn mechanism stalls too.
Source: BSC News