papertrade's Top Three Addresses Each Exceed $10 Billion in Volume

The top three addresses on papertrade each surpassed $10 billion in trading volume in fewer than six days after loss mining began Oct. 10. Together, they recorded $2.69 million in trading losses and received PAPER tokens. Address 0x75e led with $11.6 billion in volume and $780,000 in losses, earning 46 million PAPER. Address 0x6f2 followed with $10.3 billion in volume and $930,000 in losses, earning 85 million PAPER. Address 0x35b had $10.1 billion in volume and $980,000 in losses, earning 252 million PAPER. The listed acquisition cost per PAPER was $0.017 for 0x75e, $0.011 for 0x6f2 and $0.0039 for 0x35b. Those figures exclude PAPER dividend income, which would reduce the effective costs. papertrade’s loss-funded reward model links token issuance to traders’ losses.

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