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PaperoOpen terminal

Terms of Use

Last updated: 24 October 2026

These terms govern your use of papero.fun and the Papero terminal (the “Service”), operated by Papero (“Papero”, “we”). By using the Service you accept them. If you don't, please don't use the Service.

1. What Papero is

Papero is a paper-trading platform. It shows live pump.fun and PumpSwap market data from the Solana blockchain and lets you place simulated orders with virtual SOL. Simulated orders are priced from the real market at that moment, including real fees, but they are never sent to the blockchain and never affect the market. Papero also offers a wallet tracker for public Solana wallets, Trade Replay (simulated trading on past market data) and public leaderboards.

2. Virtual SOL has no value

Rewards run in rounds of 12 hours (UTC): 00:00 to 12:00 and 12:00 to 24:00. Every account starts each round with 10 virtual SOL and is reset to 10 virtual SOL when a round ends. Virtual SOL, virtual positions, profit and loss, XP and ranks are simulation units. They have no monetary value, are not a currency, token or financial instrument, can't be deposited, withdrawn, transferred or exchanged, and may be reset at any time.

3. Accounts

You sign in through Privy with an X account or a Solana wallet (such as Phantom, Solflare or Backpack). A wallet sign-in only signs a sign-in message; Papero never asks your wallet to approve a transaction or move funds. One person may use one account. You are responsible for the X account or wallet you sign in with and for activity under your Papero account. Your X handle and profile picture, or the shortened address of your wallet, and your paper trading activity are shown publicly on leaderboards, profiles and the live feed. See the Privacy Policy.

4. Rewards

  • Rewards are discretionary. Papero intends to pay real SOL rewards to the top 10 traders of each 12-hour round, funded only by Papero's share of the creator fees of the Papero token earned during that round. No rewards are paid before that token launches, and rewards are never funded by users.
  • The intended split of each round's pot is 30 % / 20 % / 12 % / 10 % / 8 % / 6 % / 5 % / 4 % / 3 % / 2 % for ranks 1 to 10. The pot depends on the creator fees actually earned and may be zero.
  • Eligibility: your Papero account must have an X account linked (wallet-only accounts can trade but are not eligible), and that X account must be at least 30 days old with at least 20 followers. Only trades on coins with at least 5 SOL of liquidity, each no larger than 2 % of that liquidity, count toward rewards.
  • Every payout is reviewed by hand before it is sent. Rewards are paid only to a Solana wallet linked to your Papero account (your connected wallet or your Privy embedded wallet). A change of payout wallet made in the last 2 hours of a round applies from the next round. A missing or invalid address means the payout can't be sent.
  • Papero may withhold, reduce or cancel a reward, and remove an account from the leaderboard, in case of abuse, multi-accounting, coordinated or automated trading meant to game the board, exploitation of bugs or data errors, or breach of these terms.
  • Papero may change or end the rewards program. Changes apply to rounds that have not ended.
  • You are responsible for any taxes that apply to rewards you receive.

5. Trade Replay and XP

Trade Replay replays past market data for practice. XP and the practice board are for recognition only; they carry no rewards and no monetary value.

6. Not financial advice

Nothing on Papero is financial, investment, legal or tax advice, or a recommendation to buy or sell any asset. Coins shown in the terminal are third-party tokens Papero does not issue, review or endorse. Many are highly speculative. Results on paper do not predict results with real money: real trades can face different fills, delays and losses.

7. Data and availability

Market data, prices, holder lists, wallet activity and replays come from the Solana blockchain and public sources. They may be delayed, incomplete or wrong, and the Service may be interrupted. The Service is provided “as is” and “as available”, without warranties of any kind, to the extent the law allows.

8. Acceptable use

You agree not to:

  • create or control several accounts, or share an account, to gain an advantage;
  • use bots, scripts or automated clients to trade, scrape or load the Service beyond normal use;
  • exploit bugs, pricing errors or delays, or interfere with the Service or other users;
  • impersonate others, or use the Service for anything unlawful.

9. Limitation of liability

To the extent the law allows, Papero is not liable for indirect or consequential losses, or for any loss arising from decisions you make based on the Service, including trades you make elsewhere with real funds.

10. Changes to these terms

We may update these terms. The date at the top of this page shows the latest version. Continuing to use the Service after a change means you accept the updated terms.

11. Contact

Questions about these terms: [email protected].