Paragon Secures PAPER Ticker, May Launch Papertrade Perpetuals
Paragon, a HIP-3 market deployer, spent 570.98 HYPE to secure the PAPER ticker and may soon launch Papertrade perpetual contracts. According to ChainCatcher, Papertrade is an on-chain synthetic perpetuals platform deployed on HyperEVM. It offers leverage of up to 1,000x. PAPER tokens are minted from users’ realized trading losses, with no premine or allocation to the team or venture capital investors.