Collector manual

Paper Party Docs

2,222 pixel hats on Elysium. The public can mint 2,200 at 0 HYPE per hat, plus network gas. The other 22 are reserved for Exchange liquidity.

Hats & PAPER

Each mint creates one ERC-721 hat with one attached $PAPER. Transfer the uncrowned hat and its token goes with it. Crown a hat to burn its attached token permanently and keep the hat.

You can crown a hat as soon as you mint it using the $PAPER already attached to it.

The edition starts at zero minted and can reach 2,222. The total $PAPER supply equals the minted hat count minus the crowned hat count.

The vault

Fold an uncrowned hat to deposit it and release its attached $PAPER. Free $PAPER can be sent or sold in fractions. One whole free $PAPER claims the oldest folded hat and attaches to it again.

A fold gives up the original hat. The Unfold transaction confirms the ID at the front of the queue and stops if it has changed.

Exchange

The Exchange is planned around a Uniswap v3 price range. The 22 reserved hats can be folded to release the $PAPER for its first position. Buyers add HYPE as they swap. Sales need available HYPE liquidity within the range.

The free mint can open before the pool. Once trading opens, you can review the quote, price impact and minimum output before signing.

The launch contract sets a 10% royalty on eligible secondary NFT sales. The royalty vault splits receipts in HYPE or configured settlement tokens.

Creator

35%

3.5% of the sale price

Crowned hat holders

65%

6.5% of the sale price

For a 100 HYPE sale, the 10 HYPE royalty credits 3.5 HYPE to the creator and 6.5 HYPE to the holder pool. Each crowned hat counts as one share. Claim from the collector desk once the vault is active.

When a crowned hat changes hands, the previous owner keeps rewards already credited to their wallet. Future receipts go to the new owner. If royalties arrive before the first Crown, the holder share waits for that Crown.

OpenSea enforcement requires activation in Studio on a supported network. OpenSea’s creator earnings guide ↗

Contracts

The launch collection, PAPER token and royalty vault use UUPS proxies. The collection owner can upgrade their logic while the addresses stay the same.

Contract addresses will appear here at launch.