Papertrade announced its launch date: October 10, 2026

It is a perpetuals exchange on Hyperliquid where losing trades earn $PAPER tokens, and leverage of up to 1000x is promised.

Only access it through papertrade.xyz and wait for an announcement about the deposit period. Do not trust links in replies or “airdrop” links.

In its May announcement, the project described itself as a fair-launch, fully onchain perpetuals exchange on Hyperliquid from @izebel_eth and @blurr. Leverage up to 1000x, zero slippage, no funding, self-bootstrapping LP. [@papertrade_xyz, May 12, 2026]
Audit: in late May, the project hired Guardian Audits and promised a launch in summer 2026. [@papertrade_xyz, May 31, 2026]
The project says everything will be announced in advance, including the deposit period before trading starts. There will be no stealth launch, whitelist, or airdrop. The only official domain is papertrade.xyz. Fake accounts and scam sites are circulating around the project. [@papertrade_xyz, September 25, 2026]
Trader tradetherapist writes that losing trades earn $PAPER, and that $PAPER can be staked for USDC dividends. [@tradetherapist, September 29, 2026]
The @papertrade_xyz account published one date on September 29, 2026: 10.10.2026. This is the launch announcement. [@papertrade_xyz, September 29, 2026]

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