Papertrade Announces PAPER Token Remains Non-Transferable

Papertrade has announced that its platform token, PAPER, will continue to remain non-transferable due to the risk of perpetual contract attacks. Users holding PAPER tokens can acquire tokens through trading losses and stake them to earn USDC distribution rewards. Papertrade is a fully on-chain, user-owned synthetic perpetual contract protocol that supports up to 1000x leverage with no market impact. The timeline for when the PAPER token can be transferred or sold has not yet been disclosed, and holders are currently unable to trade or transfer tokens on the secondary market, only able to earn rewards through staking.

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