[Papertrade Perpetual Contracts May Launch, Paragon Acquires PAPER Code for Approximately $45,000] Odaily Planet Daily News: HIP-3 market deployer Paragon spent 570.98 HYPE (approximately $45,000) to acquire the PAPER code, potentially paving the way for the 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.