Papertrade Keeps PAPER Token Non-Transferable Over Perpetual Attack Concerns

WHY IT MATTERS

When a crypto project creates a token, it usually becomes tradable on exchanges, much like a stock being listed on a stock market. However, some projects choose to keep their tokens "non-transferable," meaning holders cannot send or sell them to others. Think of it like earning loyalty points at a store that you can use for rewards but cannot sell to someone else. Papertrade is doing this with its PAPER token because it is worried about a type of attack called a "perp attack." Perpetual contracts (or "perps") are a way for traders to bet on whether a token's price will go up or down without actually owning the token. Bad actors can use these contracts to manipulate prices, especially for smaller tokens. By keeping PAPER non-transferable, the project removes the ability for anyone to trade it on open markets, which prevents this kind of manipulation from happening in the first place.