[Papertrade Reaches $14.4 Billion in Nominal Trading Volume Within 10 Minutes of Launch] BlockBeats reports that on October 10, according to official information, Papertrade achieved a nominal trading volume of $14.4 billion within just 10 minutes of its launch. The open interest for Bitcoin and Ethereum contracts reached $3 billion and $2.66 billion, respectively. Based on the project’s mechanism, one of PaperTrade's innovations lies in its PAPER token issuance model: for every dollar lost by platform users, the protocol mints a certain amount of PAPER tokens according to a curve. When the LP balance is below $2 million, the minting ratio is fixed at 100 PAPER tokens for every $1 lost. Once the LP balance exceeds $2 million, the rate begins to decay—the higher the LP balance, the fewer PAPER tokens are minted. [Original Link]