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Huobi HTX to List Solana-Based PAID Token on September 27

Huobi HTX will open PAID/USDT spot and grid trading at 18:00 (UTC+8) on September 27, with deposits already live and withdrawals starting September 28 at 18:00. PAID is issued by UsePaid, a Solana project that routes token creators’ fees to users: issuers deposit fees into the UsePaid vault and designate an X account, which receives 80%, while 20% funds PAID buybacks and burns.

Original source

AI take

The listing gives a Solana-native fee-routing token a centralized exchange venue, which matters less for price discovery than for access: HTX's grid trading product lets users run automated strategies on PAID/USDT from day one, a feature typically reserved for assets the exchange expects to see sustained volume. The design is the real story — routing 80% of creator fees to a designated X account and 20% to buybacks and burns builds a demand mechanism tied to actual issuer activity rather than speculation alone. Whether that activity materializes, and whether the buyback-burn cadence is disclosed, is the open question.

Generated by AI for reference only.

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