Papertrade perpetual contracts may go live, Paragon wins PAPER ticker for approximately $45,000

Odaily reports that HIP-3 market deployer Paragon spent 570.98 HYPE (approximately $45,000) to win the PAPER ticker at auction, and may soon launch Papertrade (PAPER) perpetual contracts. Papertrade is an on-chain synthetic perpetual contract trading platform deployed on HyperEVM, offering leverage of up to 1000x. Its token PAPER is minted through users' realized trading losses, with no pre-mine, team, or VC allocations.