We have decided to change the model of how the Paper bot works in relation to holding the PAPE token. In a coming update all users will only get 2.5 Paper ETH in their account when they create it. If this balance runs out, that user will not get any more Paper ETH for free.
Option 1 would be to become a PAPE holder. Holding at least 10k PAPE Tokens will allow you to claim an additional 5 Paper ETH each week, and give you a higher exchange rate for Option 2...
Option 2 would be to burn PAPE tokens in exchange for Paper ETH. The exchange rate wouldnt be fixed and isnt decided just yet, but we believe this is a quick and easy way to grab some more Paper ETH that also benefits the token and all of its holders.
Making the bot completely free allowed lots of users to try it out initially and see how well it works. At this point we need to encourage our users to also hold the PAPE token, so we will be working on making this shift complete in the coming days.
Subject to change
Paper Trading Prizes!
The first week of Paper Trading ends on Monday, 12/11! As you know the top 10 traders on that date will all be rewarded.
The prize money for the first week is $3,000 USD!
1 - $700
2 - $500
3- $400
4- $350
5- $300
6- $250
7- $200
8- $150
9- $100
10- $50
Lets see who is able to take home the prizes for the first week! This week the winners are not required to hold any tokens, but in the future you must hold 10,000 PAPE to win any leaderboard prizes! Good luck
Token holdings will soon decide how much Paper ETH you get added to your balance each week. Free = 5 Paper ETH per week, and every 0.2% of supply you hold will be another 5 Paper Eth for that week.
Paper - $PAPE @Paper_ERC 🧵
A new first mover project which has created an application for users to trade with paper ETH on a demo account, risking no ETH but still being rewarded for being profitable 👇
The UI for paper has just been updated along with more in depth honeypot detection features!
As mentioned we aim to create the most realistic trading simulation we can and we are taking steps now to polish up the tech. This update is just one of many towards creating a true 1:1 experience that you would find in real trading.
This should also fix the issue when a coin rugs or lp is removed, if you try to sell the large balance that results from it you will not gain any eth, just 0 and the trade will be removed from your panel.
You can also type /buy at any time to the bot and it will allow you to paste a CA.
$PAPE
Paper was having a small issue that a few people noticed where if a coin rugged and you were in it, it would make your balance shoot up like crazy. We believe this issue should be fixed today by setting the users active balance in a trade to 0 if it does happen to rug. $PAPE
$PAPE Has reached 350 Holders, 350 Registered Users, and 700 TG Members on day one! Very happy that people are enjoying the tech so far and joining up our growing community of chads.
Join up today, try the bot, and get to know the Paper community!
https://t.co/om3NHZswhF
Working on implementing the holder requirements for Paper Bot. We are planning on a small token amount for general access something like $100 worth of Paper tokens will get you access.
Paper Trading Contest! $PAPE
Starting now and for the next 24 hours the top 3 daily Paper Traders will earn rewards! At the end of the 24 hours the top 3 spots will be the winners.
Prizes:
🥇1st: 0.2
🥈2nd: 0.1
🥉3rd: 0.05
Good luck and lets see who can come out on top!
We have just Locked 1.5% of the remaining 2.5% supply in the deployer wallet until Monday, 12/11.
These tokens will be used for Partnerships / OTC deals etc later on in the project, but we want to ensure everyone they wont be spent elsewhere. These tokens are now vested and cant be sold or sent out until after the first week!
We have just added to Liquidity!
The Paper Liquidity Pool just got injected with an extra ETH and 500,000 tokens. This will help stabilize the price a bit at higher market cap. $PAPE
We all remember how difficult it was to learn this space, and the overall tuition costs over time with losses are typically high. With many new users to come into crypto soon, Paper will provide a tool that was never available before! Bring on the normies $PAPE
If anyone has valuable suggestions or bug reports please feel free to submit them to this form:
https://t.co/E1Ib0YwdG2
There is a section for wallet address, if you bring forward a good enough suggestion or bug find we will reward you with some ETH!
Leaderboard spots are heating up on the Paper Bot! Who will take the top spots at the end of the week? Join us now and find out!
We have reached 150 registered Paper users so far as well, keep spreading the word! $PAPE