Kin

Whitelists are being updated right now as we post this ! After that, raise is starting and will be live for a couple of days so no one gets left behind. Our point of no return is when the 50 ETH cap is hit, after that deposits will still be live cause every WL is a guaranteed allocation. We could stop at 50, 55, 60, or 65 ETH; it all depends on whether all the whitelisted wallets deposit 100% of their allocation or no, or perhaps some NFT collection wallets remain AFK and don't deposit any of their allocation at all. Once raise is live we are going to start rolling out WLs for those who applied via the website form and some giveaways that still not finished by now. Thanks to everyone that trust us with their time and money, we will try to be the top one Paper staker and represent our holders the best way we can. Kind regards. PaperDAO and DaosWorld team.

TLDR of @papertrade_xyz: nothing like this exists in a crypto; it is truly a brand new primitive it is modeled after "bucket shops" that were popular in the early 1900s. They were gambling dens were you could wager on stock price movements without actually buying or selling the underlying. The house would always take the exact other side of your bet This is exactly how papertrade operates. When you place a trade, the house (aka papertrade LP) takes the otherside of your trade. There is no orderbook; the trade is exactly executed at the HL oracle mid price Now where does the LP funds from? Incredibly, the LP starts at 0 - no one prefunds it. The LP counts on the skill of the average trader being poor and thus in aggregate a losing position. A fee is skimmed off the top of winning trades (none from losing) to also skew the LP positive What if the LP doesn't have sufficient funds? Then traders owed $ are placed into a queue where they're paid out in FIFO order. Traders have to lose to payout traders who won. $Paper Tokenomics 🧻: Here is the very cool part - you can only earn their token by losing trades. And the emissions increase when the LP has < $2M, to encourage people to lose to backstop a dwindling LP And then staking paper earns you the fees and profits that the papertrade LP earns. Incredibly interesting experiment built by @izebel_eth. Best of luck on the launch! A ton of eyes on this and a lot of people who want to farm $PAPER