Stakers of Papertrade's PAPER token collected between $10.3 million and $12.57 million in rewards shortly after launch, representing roughly 69% of net trading losses

Economic design of a token: supply schedule, distribution, incentives, and value-capture mechanics, and how those choices shape price and network health.

Tokens that power decentralized finance protocols, granting governance rights, fee shares, or utility within lending, trading, and yield platforms.