$BACKERS 1.6m dyor CBLx6CRcCTtbmgTdxpqnF2dP1MpWbMUjngtNbFTApump okx wallet: A newly launched Solana project. Anyone can use the platform to launch a coin for a specific X account. The coin’s creator is set as the Backers on-chain fee vault. Of the creator fees generated by the coin’s trading activity, 90% goes into the coin’s funding pool, while 10% goes to the protocol treasury. Users can then: Choose a coin that already has a funding pool; Use X Money to send USD to the X user associated with that coin; Submit the receipt link, and after verification, receive the amount they sent back from the funding pool + a 10% bonus. It solves the problem of how to turn highly volatile Meme trading volume into verifiable cash incentives for real people. Traders generate fees by trading the coin, and those fees subsidize people who are willing to send real money to a designated X account. The recipient gets actual external funds. Holding or trading these coins does not itself give you any right to claim fees. As for the platform token, BACKERS, there is currently no specific utility outlined. The protocol’s revenue mainly comes from the 10% share of creator fees from each coin, as well as potentially from pool funds that are not used for repayments within 14 days and may flow back to the treasury. What’s interesting is that the project mechanically redirects Solana’s extremely high Meme trading fees toward one verifiable action: sending real money to a real person, while giving the person executing that action a fixed percentage bonus. That creates a self-reinforcing loop: The more popular the coin → the larger the pool → the more incentive there is to send X Money → the more attention the mechanism can generate. The advantages are that the mechanism is simple, it plugs directly into the existing Pumpfun + X Money ecosystem, and the recipient has zero operational friction.