PaperTrade is indeed one of the few innovative projects in this crypto cycle, with a cleverly designed operating mechanism and economic model. Although theoretically, there’s still a risk of being manipulated and LP going to zero, the risk control logic has significantly reduced the chances of malicious liquidation. The essence of the last two crypto cycles boils down to one logic: without major institutional players or massive liquidity injections, the entire industry’s lifeblood relies entirely on retail investors and gamblers at the bottom. Whoever can attract more gamblers and offer higher leverage to play with will have a stable cash flow and become the star project during low-liquidity cycles. Polymarket, Pump, GMGN, FOMO, and now PaperTrade all follow this logic. As for the definition of a gambler, the truth is, anyone can become a "gambler" at some point, regardless of your capital size or trading style. Speaking of which, I can’t help but mention my experience during 2049 at the Sands Casino with friends, where we burned through tens of thousands of USDT on baccarat in just a few minutes #Crypto #PaperTrade