Papertrade schedules phased launch to manage chain congestion
Summary
The upcoming launch of the papertrade smart contract exchange on the hyperevm blockchain will occur in multiple phases, with the first phase starting on October 10, 2026, focusing exclusively on live trading for frontend users. This phased rollout aims to prioritize genuine users and prevent advantages for bots, ensuring a fairer trading environment. During the initial phase, deposits will open on October 8, 2026, allowing users to prepare before the live trading starts; however, active trading will be given priority, potentially delaying deposits. The paper token will start minting from zero supply based on user losses during launch and will initially be non-transferable to encourage active participation while managing onchain congestion.
Analysis
hyperevm: Hyperevm serves as the blockchain infrastructure for papertrade, enabling its fully onchain smart contract operations. It supports the protocol's atomic position mechanics and overall decentralization goals during the phased rollout. papertrade: Papertrade is a fair launched smart contract exchange built on the hyperevm blockchain as a fully onchain protocol. It provides decentralization, reliability, composability, and transparency while operating with atomic opens and closes without an orderbook. The project is implementing a staged launch beginning in October 2026 to manage extreme chain congestion, prioritize frontend users, and gradually open the contract to broader participation. Token Design: The paper token begins minting from zero supply on user losses at launch and remains non-transferable initially to encourage active trading participation while easing onchain load. Launch Strategy: A multi-phase rollout separates deposits from trading and restricts direct contract access initially to flatten the technical curve and limit MEV advantages for real frontend users.
Categories
cryptodefiai_agentsbase