PAPER Token — Fair Launch, Supply, Emissions & Utility

$PAPER is Papertrade native token, minted from eligible trading losses and used for participation in documented LP-revenue distributions when staked.

Official Papertrade documentation · Updated November 5, 2026 · Canonical domain: papertrade.run

What PAPER is

The docs give PAPER two linked roles: it is minted from eligible realised trading losses and, when staked, participates in USDC revenue generated by protocol LP economics.

Fair launch

Supply begins at zero, with no pre-mint, team allocation, VC allocation, airdrop or vesting schedule according to the supplied documentation.

How supply grows

The mint curve is front-loaded. The documentation describes a flat 100 PAPER per $1 of eligible loss basis below the $2M tracked-LP threshold, then an asymptotically declining rate.

What PAPER stakers earn

Stakers participate in LP-side revenue distributions in USDC. The documented model includes both an ongoing LP-revenue share and eligible LP excess above the staker reward cap.

The PAPER lifecycle

PAPER begins with no pre-minted allocation under the documented fair-launch model. Eligible realised losses and liquidations can mint new PAPER, holders can stake PAPER, and staked balances participate in USDC distributions when the protocol allocates revenue.

Fair launch does not mean airdrop

The documented model explicitly ties token creation to protocol trading losses rather than to a claim list or retroactive airdrop. Users should therefore be cautious of unrelated “PAPER claim” pages that ask for a wallet signature while presenting an airdrop mechanic not described by the protocol.