early alpha ?
so there's a new presale hosted on daosworld, the presale is PaperDAO and the token is
$PULP.
for Ogs who know, presales on daosworld usually do 50-100X so yea definitely gotta pay attention to this one.
this raise is their comeback launch, and the first one on Robinhood Chain. You deposit ETH, get
$PULP, and that token is your share of a treasury whose plan is to trade Papertrade.
now here's something worth knowing especially for my Hyperliquid maxis who said HyperEVM is ''ded''.
@Papertrade_xyz. is coming with a new betting-style market on Hyperliquid, built by
@izebel_eth. It is not just an ordinary normal exchange.
the onchain betting market built on HyperEVM, It reads Hyperliquid’s mid price and uses that as the fill price.
you click buy or sell. There is no order book and no other trader on the other side. The house, called the LP, takes your bet. Entry and exit are both the Hyperliquid mid price, so there is no spread and no funding fee. Leverage goes up to 1000x. The trade is a synthetic swap in the Papertrade contract,
not actually a real position on Hyperliquid.
the LP starts at $0. Nobody seeds it, It only grows if traders lose in total, plus a cut taken from winning trades. If the LP cannot pay a winner, that winner waits in line and gets paid when later losers refill it.
solana:4SNHBM2axbPCNXHrPPNLtdCRmnQVkq9cfFTyrJpJpump is minted only from losses, while the LP is under $2 million, the rate is 100 PAPER per $1 lost, then it slows down.
Staking PAPER also earns a share of the LP’s profits. Supply starts at zero, with no team or VC allocation, isn't that great ?
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here's how to position :
First follow
@papertrade_xyz and
@paperdao_xyz and turn on notis so you don't miss any relevant info.
-apply for a Wl spot here :
daos.world/launch/paperdao/a…
you can get WL also by participating in Giveaway on TL ( I participated).
rumours around says
@Hoods_works holders are eligible for
@paperdao_xyz whitelist
If you hold multiple, you have a higher allocation.
WL is tiered. Reported caps are:
0.25 ETH for tier 1, 0.1 ETH for tier 2, 1 ETH for partner slots, inside a 50 ETH raise. Unfilled amount goes public at 0.1 ETH.
more importantly to note that Papertrade and PaperDAO are not the same thing.
PaperDAO is a separate fund on daos(.)world. People pool ETH into one treasury. That treasury trades Papertrade from the first block.
$PULP is your share of the PAPER, the staking yield, and the PnL.
Predeposit starts Oct 8 and Live trading Oct 10.
goodluck