[Paragon Acquires PAPER Code, Potential Launch of Papertrade Perpetual Contracts] BlockBeats News, October 18, HIP-3 market deployer Paragon spent 570.98 HYPE (approximately $45,000) to purchase the code PAPER, potentially signaling the imminent launch of Papertrade (PAPER) perpetual contracts. Papertrade is an on-chain synthetic perpetual contract trading platform deployed on HyperEVM, offering up to 1000x leverage. Its token PAPER is minted based on users' realized trading losses, with no pre-mining, team allocation, or venture capital distribution.