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PAY Token Birth

· 7 min read
X Coder
X Coder
Founder & Developer of PayWall.Tel

On May 27, 2025, PayWall.Tel's core token PAY was successfully created on the Solana blockchain. This marks an important technical milestone in the project's development.

Many early investors ask: Why was the token issued while the project is still in development?

The answer is clear: Paywall.tel's entire system architecture is designed for the PAY token economic model, and the development debugging process must use real PAY tokens.

Why is PAY Token Needed During Development?​

Many early investors ask: Why was the token issued while the project is still in development?

The answer is clear: Paywall.tel's entire system architecture is designed for the PAY token economic model, and the development debugging process must use real PAY tokens.

System Architecture Determines Token Necessity​

Paywall.tel's payment process is a complete automated chain:

  1. User pays USDT → Subscribe to paid channel
  2. System auto-swaps PAY → Converts USDT to PAY tokens on DEX
  3. Smart distribution mechanism → PAY tokens distributed proportionally to channel owners, referrers, etc.
  4. Token burning mechanism → 5% of PAY tokens permanently burned, creating deflation

Key technical modules:

  • dividend_system/PAY_swap_buyer.py - Handles USDT→PAY auto-swapping
  • dividend_system/distributions_processor/ - Four-step distribution process
  • models/paywall_channels/channel_order.py - Order status management

Specific Development Testing Needs​

During development, we need to test:

  1. Complete payment flow: End-to-end testing from USDT payment to PAY token distribution
  2. Distribution system: Verify PAY tokens can be correctly transferred to various participants
  3. WebSocket monitoring: Test real-time payment triggers and auto-distribution
  4. Burning mechanism: Verify token burning functionality works correctly

None of these can be replaced with simulated data—real PAY tokens must be used on the Solana mainnet for testing.

Early Trading Disclaimer​

Important Notice: From the token creation on May 27, 2025, until the official token crowdfunding ends, most trading activities are testing behaviors, and K-line fluctuations do not represent market behavior:

  • Development Testing: Most early transactions were my system functionality verification
  • Non-market Behavior: These transactions don't represent real market demand and should not be used as investment reference
  • Price Fluctuations: Early price movements were entirely caused by small test transactions and don't reflect project's true value
  • Testing Period: This disclaimer is valid until the project's token crowdfunding concludes

Creation Process Record​

The following is the complete technical log of creating the PAY token:

PS C:\Users\Sompong\Documents\LannaMint> & c:/Users/Sompong/Documents/LannaMint/.venv/Scripts/python.exe c:/Users/Sompong/Documents/LannaMint/dividend_system/PAY_token_creation/create_pay_token.py
2025-05-27 00:34:03,787 - create_pay_token - INFO - 🚀 Start PAY token creation, krub!
2025-05-27 00:34:03,787 - create_pay_token - INFO - ============================================================
2025-05-27 00:34:03,787 - create_pay_token - INFO - 📋 Token info:
2025-05-27 00:34:03,787 - create_pay_token - INFO -    Name: PayWall Token
2025-05-27 00:34:03,787 - create_pay_token - INFO -    Symbol: PAY
2025-05-27 00:34:03,787 - create_pay_token - INFO -    Decimals: 9
2025-05-27 00:34:03,787 - create_pay_token - INFO -    Initial Supply: 1,000,000,000
2025-05-27 00:34:03,787 - create_pay_token - INFO - ============================================================
2025-05-27 00:34:03,787 - create_pay_token - INFO - 1️⃣ Set up connection and keys, krub...
2025-05-27 00:34:03,788 - create_pay_token - INFO - Find config file: c:\Users\Sompong\Documents\LannaMint\dividend_system\PAY_token_creation\secrets.json
2025-05-27 00:34:03,788 - create_pay_token - INFO - Config file path: c:\Users\Sompong\Documents\LannaMint\dividend_system\PAY_token_creation\secrets.json
2025-05-27 00:34:03,788 - create_pay_token - INFO - Config file exist: True
2025-05-27 00:34:03,788 - create_pay_token - INFO - Read config file success, have fields: ['payer_private_key', 'initial_token_recipient']
2025-05-27 00:34:03,788 - create_pay_token - INFO - Check field payer_private_key: exist=True, not empty=True, no placeholder=True
2025-05-27 00:34:03,788 - create_pay_token - INFO - Check field initial_token_recipient: exist=True, not empty=True, no_placeholder=True
2025-05-27 00:34:03,789 - create_pay_token - INFO - ✅ Config file check complete, krub!
2025-05-27 00:34:04,817 - create_pay_token - INFO - Connect to RPC node: https://api.mainnet-beta.solana.com
2025-05-27 00:34:04,817 - create_pay_token - INFO - Payer account address: 548t5Pjq8WMStG6AEcB8Y8u3xccAzag7n1qcn9qMkchM
2025-05-27 00:34:06,822 - create_pay_token - INFO - 2️⃣ Check payer balance, krub...
2025-05-27 00:34:07,057 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:07,058 - create_pay_token - INFO - Payer balance: 0.055013 SOL
2025-05-27 00:34:09,062 - create_pay_token - INFO - 3️⃣ Create token mint account, krub...
2025-05-27 00:34:09,062 - create_pay_token - INFO - Now create token mint account...
2025-05-27 00:34:09,141 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:09,214 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:09,285 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:09,286 - solanaweb3.rpc.httprpc.HTTPClient - INFO - Transaction sent to https://api.mainnet-beta.solana.com. Signature 5ohJdmErkEDDP7zAQ1mkctgGG6vNVMfAt2TBXyQMizAJQgVmfFXhpzNhEDqi2KN7q3R2eroCnWvo2259wqRuTE4x:
2025-05-27 00:34:09,356 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:09,944 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:10,526 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:11,110 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:11,703 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:11,703 - create_pay_token - INFO - ✅ Token mint account create success: 8a3mF38UzfHDGwmRb3K6oSy6tuiYQ4Ungo8W3UfS5w2x
2025-05-27 00:34:13,716 - create_pay_token - INFO - 4️⃣ Mint initial supply, krub...
2025-05-27 00:34:13,717 - create_pay_token - INFO - Mint initial supply: 1,000,000,000 PAY
2025-05-27 00:34:13,717 - create_pay_token - INFO - Create token account for 25FQqfoRdrT3ECEh8bn7mEprVBEQJSAW4PPwuZo7sPMh, krub...
2025-05-27 00:34:13,787 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:13,858 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:13,859 - solanaweb3.rpc.httprpc.HTTPClient - INFO - Transaction sent to https://api.mainnet-beta.solana.com. Signature grDwRUBk2tpZjNV7doVsHxdoJUsXQWYZLnBtNdE4JxpgT7EYnLfwgEtveruShNJLump612mDCS3NXuN1LMbLQ7N:
2025-05-27 00:34:13,929 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:14,524 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:15,100 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:15,101 - create_pay_token - INFO - ✅ Token account create success: HLczUyh6s2hNbTxo8XZBYNM4YEyyvtp2R9gECAUnaWKQ
2025-05-27 00:34:15,170 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:15,246 - httpx - INFO - HTTP Request: POST https://api.mainnet-beta.solana.com "HTTP/1.1 200 OK"
2025-05-27 00:34:15,247 - create_pay_token - INFO - ✅ Initial supply mint success: 1,000,000,000 PAY -> 25FQqfoRdrT3ECEh8bn7mEprVBEQJSAW4PPwuZo7sPMh
2025-05-27 00:34:17,255 - create_pay_token - INFO - 5️⃣ Save deployment info, krub...
2025-05-27 00:34:17,257 - create_pay_token - INFO - ✅ Deployment info save to: c:\Users\Sompong\Documents\LannaMint\dividend_system\PAY_token_creation\deployment_info.json
2025-05-27 00:34:17,257 - create_pay_token - INFO - ============================================================
2025-05-27 00:34:17,257 - create_pay_token - INFO - 🎉 PAY token create success, krub!
2025-05-27 00:34:17,257 - create_pay_token - INFO - 📍 Token address: 8a3mF38UzfHDGwmRb3K6oSy6tuiYQ4Ungo8W3UfS5w2x
2025-05-27 00:34:17,257 - create_pay_token - INFO - 🔗 Solscan: https://solscan.io/token/8a3mF38UzfHDGwmRb3K6oSy6tuiYQ4Ungo8W3UfS5w2x
2025-05-27 00:34:17,257 - create_pay_token - INFO - 🔗 Solana Explorer: https://explorer.solana.com/address/8a3mF38UzfHDGwmRb3K6oSy6tuiYQ4Ungo8W3UfS5w2x
2025-05-27 00:34:17,258 - create_pay_token - INFO - Program run success, krub!
PS C:\Users\Sompong\Documents\LannaMint>

Creation Results:

  • Token Address: 8a3mF38UzfHDGwmRb3K6oSy6tuiYQ4Ungo8W3UfS5w2x
  • Initial Supply: 1,000,000,000 PAY
  • Decimal Precision: 9 digits
  • Creation Time: Approximately 14 seconds

Technical Links:

Risk Warning: This document is for technical communication only and does not constitute investment advice. Cryptocurrency investment carries high risks, please invest rationally.