From TokenPost · · 40s
Papertrade Keeps PAPER Nontransferable as It Revises Fees and Minting
Papertrade updates PAPER token rules to prevent transfers and adjust fees for risk management.
In brief
Papertrade updates PAPER token rules to prevent transfers and adjust fees for risk management. Papertrade maintains PAPER token nontransferability while revising fees and minting rules to address short-term trading risks. Originally reported by TokenPost.
Papertrade's token rules
Papertrade keeps PAPER nontransferable outside its contract while revising short-term trading fees and token issuance rules.
Fee changes for trades
Trades closing within 0.06% or 0.1% of opening price face revised fees, affecting bot profitability 15 times more than regular traders.
Minting adjustments
Each $1 million in future losses triggers minting equivalent to 0.1% of PAPER’s current supply, with a time-weighted multiplier if the pool nears insolvency.
What matters most
Papertrade maintains PAPER token nontransferability while revising fees and minting rules to address short-term trading risks.
