PAY Token Completes Decentralization
· One min read
On October 23, 2025, PAY token successfully completed decentralization upgrade, revoking mint and freeze authorities.
Operation Results
Mint Authority Revoked
- Transaction:
s9dsnRMKUWSup6XzAuBDFbf6fh8WigPM4yyH2exomtCgVyzdPwTEoGFqZNDttgSQK3XpwJBab13dF4r7s1DUwqS - View on Solscan
Freeze Authority Revoked
- Transaction:
4jNcYynUDdWxApd9nqytc2S4RdyDKy1K7r7FtYLsZ55hx53Nh11U8XetU4ajXY7y3vdYty7W84Zefn2J9h1BbhRE - View on Solscan
Current authority status:
- Mint authority:
None✅ - Freeze authority:
None✅
Significance
- Cannot mint, only burn - Token supply can only decrease
- Complete user asset security - No one can freeze
- Eliminated centralization risks - Truly decentralized
This is an irreversible operation. PAY token now truly belongs to users.