Good morning,fam. ☕ Choosing a pair token affects more than how people buy a newly launched asset. It also determines the currency used for holder payouts and the market through which the token trades. That's an important part of the @RebateLaunch model. Creators can select a pair such as USDG or ETH when launching a token. That choice has three main implications. 1. Payout exposure With an ETH pair, holder rewards are denominated in ETH, so their dollar value changes with ETH's market price. With USDG, payouts are dollar-denominated, although the launched token itself can still fluctuate in value. 2. Liquidity access The pair determines the trading pool. A USDG pair connects the token to stablecoin liquidity, while an ETH pair connects it to an ETH market. The actual depth of either pool still matters. 3. Holder incentives A creator choosing USDG may want rewards in a more predictable unit. Choosing ETH exposes payouts to the broader crypto market. But neither option removes risk. A stablecoin payout does not guarantee a stable portfolio, and an ETH payout can lose dollar value when ETH declines. I'd look beyond the creator's choice and examine the actual liquidity, holder behaviour, and performance of each pair over time. The important question is whether the selected pair attracts the right participants and supports healthy trading activity. When evaluating a launch, would you prioritise a more stable payout asset or deeper liquidity?