11 MARKETSUSDG10 S GRIDNEXT FILL 00:10
//18_ Docs

THE TOKEN

//01_ WHAT HOLDING IT CHANGES

A wallet that holds at least the holder threshold of $PAPERHANDS pays a win fee of 1% instead of 2%. The threshold is 1,000,000 tokens by default; the current value is readable from the exchange's house() view.

  • The balance is read when the win is settled, from the wallet that owns the position. A one-click trading key does not need to hold anything.
  • The discount applies to the win fee only. The loss fee and the liquidation fee stay at 2%.
  • If the balance cannot be read for any reason, the standard fee applies.
WORKED BTC WINSTANDARDHOLDER
Adjusted gain$8.814691$8.814691
Win fee$0.176293 (2%)$0.088146 (1%)
Net gain$8.638398$8.726545

The example is the BTC long of wins and losses: $100 margin at 10x, closed 1% higher.

//02_ CREATOR FEES AND THE HOUSE

Creator fees earned by the token can be routed to the house through donate(). A donation pays the queue line first and then adds to the house's cash. It mints no paper and gives nothing to the sender.

//03_ ADDRESS

//TICKER_
$PAPERHANDS

Credits: hands from Michelangelo, The Creation of Adam (detail), public domain, via Wikimedia Commons. Marks of the markets and integrations belong to their owners (sources, credits).