[Less than 10 minutes after launch, Papertrade's nominal trading volume reaches $14.4 billion] Odaily Planet Daily reports that less than 10 minutes after its launch, Papertrade's nominal trading volume has already reached $14.4 billion, with Bitcoin and Ethereum contract open interest at $3 billion and $2.66 billion, respectively. According to the project mechanism, for every $1 loss incurred by platform users, the protocol will mint a certain amount of PAPER based on a curve. When the LP balance is below $2 million, every $1 loss corresponds to the minting of 100 PAPER tokens. Once the LP balance exceeds $2 million, the minting rate will decrease as the balance increases.