> For the complete documentation index, see [llms.txt](https://docs.paperstrategy.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.paperstrategy.xyz/readme.md).
# What is PaperStrategy
A token whose trading funds a staked PAPER position. The yield buys the token back and burns it.
PaperStrategy (PSTR) is a token on HyperEVM, traded against HYPE on HyperSwap. It is built on top of Papertrade.
* Every buy and sell of PSTR pays a 10% tax.
* The tax funds a treasury, which deposits USDC into Papertrade accounts.
* Those accounts acquire PAPER, Papertrade's fee-claim token, and stake all of it.
* Staked PAPER earns USDC. That yield buys PSTR back on the market and burns it.
The more PSTR trades, the more PAPER the treasury holds. The more PAPER it holds, the more PSTR gets burned.
## Key numbers
| | |
| ------------- | -------------------------------------------------------------------------------------- |
| Supply | 1,000,000,000 PSTR, all in the pool at launch. No presale, no team tokens, no airdrop |
| Trade tax | 10% on buys and sells. One tenth to the team, the rest to the treasury |
| Launch window | The tax opens at 99% and drops one point per minute, down to 10% after 89 minutes |
| Yield | 10% to the team, 90% buys PSTR back and burns it |
| Liquidity | Locked at launch |
| Control | The team's multisig in V1, every action public on-chain. A 48-hour timelock is planned |
{% hint style="info" %}
**Status: pre-launch.** The contracts are tested and were rehearsed end to end on HyperEVM mainnet with test tokens. Addresses will be published on [Contracts and addresses](/transparency/contracts.md) at launch. Any token using this name before then is not PaperStrategy. Last updated: 6 October 2026.
{% endhint %}
PaperStrategy is an independent project. It is not affiliated with Papertrade or Hyperliquid.
---
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