pleat_
[dashboard] Buy $PLEAT

Product preview · proposed Papertrade primitive

Hold $PLEAT Stack PAPER Earn USDC.

Hold $PLEAT and it farms PAPER on Papertrade for you. The 5% fee on every buy and sell becomes PAPER counted to your wallet, staked to pay you USDC. Hold longer and bigger, earn more.

Buy $PLEAT [dashboard]
Preview · engine disconnected No live balances, rewards or receipts.

Levels 01 / 05

Hold longer or burn.
Earn more.

SheetBoatPlaneCraneGold crane
1× rewards1.25× rewards1.5× rewards2× rewards3× rewards
After 15 minDay 1 or burn 5%Day 3 or burn 10%Day 5 or burn 20%Day 7 or burn 50%

Your level is the higher of days held and % of your bag burned. Sell any amount and you're back to Sheet.

Your score

Cost plus value, times your level.

Every 5 minutes the PAPER the farm mined is shared out by score. Your PAPER is your score ÷ everyone's score.

Score = ( Cost + Value ) × Level

Cost
What you paid for your tokens in real buys.
Value
What your tokens, held plus burned, are worth today.
Level
1× to 3×, from days held or % of your bag burned.
LevelEarnsBy holdingOr by burning
Sheet1×Hold 15 minutesWhere every bag starts
Boat1.25×Hold 1 dayOr burn 5% of your bag
Plane1.5×Hold 3 daysOr burn 10%
Crane2×Hold 5 daysOr burn 20%
Gold crane3×Hold 7 daysOr burn 50%

Example

Early and big wins most.

Three bags when $PLEAT is worth $3M, all at Gold crane (3×).

BagBoughtCostValueScore
Early0.5% at $200k$1,000$15,00048,000
Whale0.5% at $3M$15,000$15,00090,000
Early and big1% at $100k$1,000$30,00093,000

The whale scores about 1.9× the early bag, but the early bag gets about 8× more score for every dollar it put in.

Selling

Paper hands make paper
for diamond hands.

Sell even one token and your bag unfolds back to a Sheet. All the PAPER mined for you goes to the holders who stay. Go on, be the market: tap someone to sell their bag.

Tap a holder to sell

If you sell

  • Any amount drops you back to Sheet
  • All the PAPER mined for you goes to the holders who stay
  • Moving tokens to another wallet counts as selling

If you hold

  • Every day held moves you up, to Gold crane at day 7
  • Burning part of your bag gets you there sooner
  • You keep your PAPER, and pick up what sellers leave

How it works

Every trade
feeds the farm.

You don't trade or sign anything. The fee on every buy and sell funds a PAPER farm on Papertrade, run by Pleat's strategies: built to mine the most PAPER at the lowest cost.

  1. 01
    Someone buys or sells $PLEAT

    5% goes to the treasury as USDC, moved from Solana to Papertrade over Circle's native USDC transfer.

  2. 02
    75% goes to the farm

    15% goes to the reserve and 10% to the team. The rest is spent mining PAPER.

  3. 03
    Pleat's strategies mine PAPER

    Real PAPER on Papertrade, tuned for the most PAPER at the lowest cost.

  4. 04
    It's shared out by score

    Every 5 minutes, each holder gets their score ÷ everyone's score of the PAPER mined. It's counted to your wallet.

  5. 05
    Staked PAPER pays USDC

    Half the USDC is claimable by holders, split by their PAPER. Half buys $PLEAT and burns it. You don't lift a finger until you claim.

A sample run with made-up numbers. The Pleat engine is not connected; this preview does not mine PAPER or accrue USDC.

Your PAPER

Your PAPER
is yours.

Every PAPER the farm mines is counted to the wallets holding $PLEAT. Hold, and it stays yours.

  1. 01See it

    The PAPER mined for you is counted to your wallet and shown on your dashboard.

  2. 02Claim it

    Your PAPER is claimable once Papertrade enables transfers, with each withdrawal reviewed by the team. Until then it's staked, and its USDC is claimable now.

  3. 03Keep it

    Hold and it's yours. Sell any amount and the PAPER mined for you goes to the holders who stay.

Why Pleat

Others farm PAPER too. The difference is who keeps it.

The usual PAPER farm

  • Holders get no claim on the PAPER it farms, or on its yield
  • The treasury keeps every PAPER
  • The yield goes into buybacks. Holders get no USDC, so the only way to profit is to sell the token

Pleat_

  • Every holder gets a share of all the PAPER we farm, claimable once Papertrade enables transfers
  • Holders also get a cut of the USDC our staked PAPER earns, so holding pays real income, not blind hodl
  • Holders who stay keep their PAPER. Sellers forfeit theirs to the holders who stayed
  • Built on Solana, where retail already is
  • Coming next: a PAPER pre-market for OTC trading

Pre-market Coming soon

Trade PAPER
before it moves.

PAPER can't be transferred yet. Trade it today, two ways:

pleat_pre-market
Demo

Sample offers

Offer-

Demo wallet

For anyone holding PAPER

Sell PAPER you can't send yet.

  1. 01

    List it. Pick an amount and a price. Your PAPER balance is read onchain, so buyers can see you have it.

  2. 02

    A buyer pays. Their USDC goes into escrow, and your USDC collateral locks next to it.

  3. 03

    Transfers open. You get 72 hours to send the PAPER.

  4. 04

    It settles. Delivered: you're paid and your collateral comes back. Not delivered: the buyer gets their USDC back plus your collateral.

What makes it stickYour collateral. Walk away and the buyer keeps it.

Sample deal #0141 Listed
SSeller
Escrow
BBuyer
20,000 PAPERcollected 1,200 USDCcollateral 1,000 USDCpayment

This is a demo only.

Money

Where every
dollar goes.

A 5% fee on every buy and sell. Three quarters of it farms $PAPER. No presale and no team tokens: the whole supply starts in the pool.

Every trading fee

75%The farm · mines $PAPER
15%Reserve
10%Team

Three quarters of every fee goes straight into the farm that mines $PAPER.

The fee

5%

On every buy and every sell. That's the only input.

What the farm makes

$PAPER

Papertrade's own token. Pleat's strategies are built to mine the most of it at the lowest cost. It's what the whole engine is for.

  1. 01Mined

    Pleat's strategies mine real $PAPER on Papertrade.

  2. 02Staked

    Pleat stakes it, so it earns USDC from Papertrade's revenue.

  3. 03Yours

    Shared out to you by score every 5 minutes. Claimable once Papertrade enables transfers, reviewed by the team.

Every dollar $PAPER earns

50%Buys $PLEAT and burns itso supply only shrinks
50%Claimable USDC for holderssplit by PAPER, claim from $10

Launch

No presale.
No team tokens.

100% of supply starts in the pool

Gold crane · day 7 or burn 50%

3×

3× the score for the same bag, so 3× the PAPER, and the USDC follows it.

FAQ

Fair
questions.

How do levels work?

Your level multiplies your score. Sheet 1× after 15 minutes, Boat 1.25× at day 1, Plane 1.5× at day 3, Crane 2× at day 5 and Gold crane 3× at day 7. Or burn part of your bag to get there sooner: 5% for Boat, 10% for Plane, 20% for Crane and 50% for Gold crane. Your level is whichever is higher. Selling or sending any amount drops you back to Sheet.

How is my share worked out?

Score = (cost + value) × level. Cost is what you paid for your tokens in real buys. Value is what your tokens, held plus burned, are worth today. Every 5 minutes the PAPER the farm mined is shared out, and your PAPER is your score ÷ everyone's score. Buying early and buying big both count, so early and big wins most.

Do I get real PAPER?

Yes. Pleat's strategies mine real PAPER on Papertrade, and the PAPER mined for you is counted to your wallet and shown on your dashboard. It's claimable once Papertrade turns on PAPER transfers, with each withdrawal reviewed by the team. Until then it's staked, and the USDC it earns is claimable now.

What counts as selling?

Selling any amount drops you back to Sheet, and all the PAPER mined for you goes to the holders who stay. Moving tokens to another wallet counts as selling, and tokens that arrive in a wallet start with $0 cost.

Why would I burn?

To reach a higher level now instead of waiting for it. Most fees come in the first days and PAPER gets harder to farm over time, so a high level early counts most. Burned tokens still count in your score forever, and they shrink the supply. Burn % is burned ÷ (held + burned).

Can I sell my PAPER before transfers open?

Soon, two ways. PAPER that Pleat holds for you sells direct: a buyer pays, Pleat moves the PAPER to them on the spot, and there's nothing to lock. PAPER held anywhere else sells backed by collateral: you lock USDC, and deliver the PAPER when Papertrade turns on transfers. Collateral deals have an expiry, with full refunds if transfers never open.

Do I have to do anything?

No. You hold $PLEAT, and Pleat farms, stakes and keeps count. You don't trade or sign anything. Claim your USDC when you want it, and burn if you want a higher level sooner.

Is Pleat part of Papertrade?

No. Pleat is an independent project. It uses Papertrade the way any third-party app can, through Papertrade's own relayer.

Why Solana, if Papertrade runs on Hyperliquid?

Because that's where retail already is. Papertrade takes USDC deposits from Solana and pays withdrawals back to it, so fees move over Circle's native USDC transfer.

Who controls the Papertrade accounts?

Pleat runs them, and their addresses are public. Nobody can take a key out, including the team. You withdraw your USDC to your own wallet.

Can I lose money?

Yes. The token price can fall, Papertrade can change its rules, and PAPER can't be withdrawn until Papertrade turns on transfers.

$PLEAT ·

Start stacking.

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