Huo Xing Cai Jing reports that on October 20, Papertrade stated it currently has no plans to allow external transfers of PAPER tokens and will adjust short-term trading fees and the token issuance curve. The team believes that PAPER perpetual contracts could make the liquidity pool’s solvency a target for shorting, and external short exposure may increase the profitability of manipulation attacks—markets beyond the protocol’s control. Fee adjustments will be implemented in phases and will only affect trades where the closing price is within 0.06% or 0.1% of the opening price; fees for trades exceeding these thresholds will remain unchanged. According to backtesting data since launch, these adjustments are expected to impact robot strategy profitability approximately 15 times more than average traders, while creating room to increase the upper limit on open interest. Regarding token issuance, for every $1 million in losses going forward, approximately 0.1% of the then-current PAPER supply will be minted, with the exact ratio dependent on the minting rate at the time of contract upgrades. When the liquidity pool approaches or enters an insolvent state, the fixed rate of minting 100 PAPER per $1 lost will be replaced with a time-weighted multiplier mechanism. The team states that, over the long term, this new mechanism will gradually dilute the holdings of early participants, giving recent users a relative advantage. This upgrade will also introduce builder code initially accessible only to whitelisted users and adjust certain contract permissions to guard against gas consumption attacks. The team will announce further details when the upgrade enters its time lock, with a planned go-live 24 hours thereafter, subject to final security review.
Papertrade to Adjust Trading Fees and Token Minting Mechanism
MarsBitShare
Summary
On October 20, 2026, Papertrade announced that altcoins to watch, such as PAPER, will undergo fee adjustments and a revised token minting curve. Short-term fees will change in phases, primarily impacting trades within 0.06% or 0.1% of the opening price. Bot-driven trading volume will be penalized 15 times more than regular traders, according to backtesting. For every $1 million in losses, 0.1% of the PAPER supply will be minted. A time-weighted multiplier will replace the fixed minting rate if the pool approaches insolvency. Upgrades include builder code for whitelisted addresses and enhanced defenses against gas attacks. The team will announce the timelock and deploy the changes within 24 hours following the final security audit.
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