Docs / Token

The token(19)

$PAPER100 has one job inside Paper100: it lowers the win fee for the people who hold it.

Mint: 4f6ccKhPL3YKyA3MRLmgebQ7328JWCvLtLZ3319Npump

Holder discount

At a winning close, the executor can pass your token account for the mint. If it holds at least the holder threshold, 1,000,000 tokens by default, your win fee is 1 % instead of 2 %. Losses pay the same 2 % loss fee whether you hold or not.

  • The keeper always passes your associated token account for the mint.
  • Tokens in another token account of yours count only if that account is passed, for example when you execute your own close.
  • The admin sets the mint and the threshold with set_token.

Creator fees earned by $PAPER100 reach the house through donate. A donation is an inflow: it pays queued winners first, then adds to house cash. It mints no paper and returns nothing to the donor.

What it is not

The token is not paper. It gives no share of the house, no claim on fees and no vote over the program.

← Risks