Papertrade is synthetic perpetuals on Hyperliquid: 1000x leverage, 0 market impact, 100% user owned. Trading goes live on October 10th, 2026, and registration is already open. Reserve your Crate now to lock in the Founding tier before the Paper Season goes live on October 10th.
https://x.com/papertradehl/status/2108168526599217234
Who gets a Crate
Registration is open to everyone. All you do is show up early.
- Anyone who registers during the open window gets the Founding tier.
- One wallet connect reserves your Crate. No purchase, nothing to hold.
- Register once now, then trade when the season opens to climb higher.
How your Crate fills
Your Crate starts filling the moment you register, and keeps filling once trading goes live.
- Registering now locks the Founding tier and its bonus multiplier.
- Higher tiers are earned in the Paper Season, by how you trade once it opens.
- The earlier you are on the board, the better your standing when $PAPER arrives.
The tiers
Register to lock the Founding tier, then climb the rest by trading when the season goes live. Each tier scales your $PAPER allocation.
- Founding: every wallet that registers now.
- Bronze: top 50% of the season.
- Silver: top 25% of the season.
- Gold: top 10% of the season.
- Platinum: top 1%, the top of the board.
Why this fits Papertrade
Papertrade is 100% user owned and fully onchain on Hyperliquid, built so the people who show up own the upside. Opening registration before trading even starts is the same idea in practice: the earliest believers get the Founding tier and the strongest starting position, so when the Paper Season goes live and $PAPER arrives, the people who reserved early are already ahead.
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