PAWS Token Officially Goes Live, Whitepaper Unveiled

The PAWS token has officially launched today at 11:00 AM UTC, marking a key milestone for the decentralized SocialFi project developed by Paws Labs. Eligible participants can now claim their tokens onchain, directly on the PAWS website using Solana wallets like Phantom. 

The launch coincides with immediate trading availability on top-tier exchanges including Bybit and Bitget. Well before listing time, the participating exchanges had worked closely with the project to ensure a smooth airdrop distribution to qualified users. 

Simultaneously, the team released its whitepaper, offering the public a closer look into the project’s mission, tokenomics, and roadmap.

The project has also generously dropped a special portion of the supply for Diamond PAWS - a term used for its holders. The bonus was given exclusively to holders of more than 10 PAWS vouchers. 

Building Long-term Value for PAWS

PAWS introduces a total supply of 100 billion tokens. To align with its values of fairness and long-term value injection, the project notably skipped any form of presale or private allocation. Instead, it has distributed and reserved a significant portion of the supply (62.5%) for the community through current and future airdrops. The rest of the supply is spread across the ecosystem, team, liquidity, and Solana OG communities. 

A liquidity pool has been bootstrapped to enable smooth trading from day one. This ensures that market participants can buy and sell PAWS tokens with minimal slippage and sufficient depth, supporting fair price discovery from the outset.

On April 15, PAWS shared a cryptic message on its X handle, "PAWS x BNB Season," suggesting the potential for a multichain expansion with support for BNB Chain in addition to Solana. Further details regarding the collaboration have not been disclosed.

At its core, PAWS appears to be an open SocialFi experiment, infused with internet culture and decentralized ownership. Whether PAWS becomes a passing meme or a lasting project will depend largely on how it evolves and how its community engages moving forward.

As of writing, the PAWS token is trading for $0.0003 on Bitget, with a trading volume of $4.9 million (USDT).