Created On: May 22, 2025
Version: 2.1
This whitepaper follows a semantic versioning approach:
- Major versions (X.0): Significant structural changes, major milestone achievements, or fundamental shifts in project direction
- Minor versions (2.X): Content updates, new sections, roadmap adjustments, or enhanced details on existing features
Paperhead is an innovative project that bridges the gap between live streaming and decentralized finance (DeFi) on the Solana blockchain. Launched on the Pump.fun platform, Paperhead introduces a community-driven token, $PAPERHEAD, backed by a unique approach: the creator live streams the development of an AI crypto trading agent offering transparency, engagement, and real utility to token holders. This fusion of content creation and cryptocurrency aims to redefine how creators and communities interact in the blockchain space.
The crypto market, particularly within the realm of meme coins and community-driven tokens, often lacks transparency and practical utility. Many tokens are launched with little clarity on their purpose or long-term value, resulting in volatility and skepticism among traders. Additionally, creators in the crypto ecosystem face challenges in monetizing their efforts and building meaningful connections with their audience often leading to negative consequences like rugpulls.
Paperhead offers a compelling solution through the following pillars:
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Transparency via Live Streaming: The creator streams the development of DeFi projects live on X (formally Twitter), allowing the community to see exactly what's being built and how it progresses. This openness fosters trust and accountability.
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Token Utility: $PAPERHEAD will serves as a native option with the Paperhead Trading Agent developed on stream, unlocking exclusive access to using the trading agent.
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Community Engagement: The live streaming format enables real-time interaction, feedback, and participation, cultivating a vibrant and invested community.
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Creator Sustainability: Leveraging Pump.fun's creator rewards system, where creators earn 0.05% of transaction volume in SOL, Paperhead ensures a consistent income stream for the creator (dev) without the need to sell tokens. This system means the creator doesn't need to resort to selling, as they are well-incentivized through the rewards program to focus on the project's long-term success and community growth. In addition to the agent's trading fees (1% of traded assets in the agent pools).
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Token Name: Paperhead
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Token Symbol: $PAPERHEAD
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Blockchain: Solana
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Total Supply: 1,000,000,000 $PAPERHEAD
The distribution of $PAPERHEAD tokens is facilitated through the Pump.fun platform's token launch mechanism. The total supply of $PAPERHEAD is 1,000,000,000 tokens. As part of the launch, the creator acquired 3,529,605.227977 $PAPERHEAD through an initial purchase and further acquired an additional amount of 4,454,813.20582 to a total of 7,984,418 $PAPERHEAD representing the only portion directly controlled by the creator. The remaining tokens are allocated as follows:
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Community Holdings: Tokens purchased by the community during the token launch on Pump.fun. These tokens are held by community members who participated in the initial sale phase.
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Locked Liquidity: A portion of the tokens is paired with SOL and locked in liquidity pools on decentralized exchanges (DEXes) by Pump.fun. This ensures that $PAPERHEAD can be traded efficiently and with sufficient liquidity.
The specific amounts in community holdings and locked liquidity are determined by the dynamics of the token launch and market participation, as managed by Pump.fun's. This distribution model aligns with the project's goal of community involvement, leveraging Pump.fun's standard mechanism to distribute tokens fairly and transparently through their fair-launch.
The primary utility of the $PAPERHEAD token revolves around the AI Trading Agent, which is central to the project's vision.
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Access to AI Trading Agent: $PAPERHEAD tokens will be required to access and utilize the Paperhead AI Trading Agent developed on stream. Holding tokens will grant users entry to the agent's capabilities.
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Enhanced Agent Features & Performance: Token holders may benefit from enhanced features within the AI Trading Agent based on volume-traded, the size of the active position held, referral count, referral network volume. This could include access to premium trading features, lower trading fees, or improved analytical tools. The specific benefits will be detailed as the agent's development progresses.
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Potential for Yield Sharing: Building on the vision of community benefit, the project is exploring models where $PAPERHEAD holders could potentially share in a portion of the successes generated by the AI Trading Agent (e.g., from performance fees or other revenue streams). The feasibility and mechanics of this feature are under evaluation and will be developed with community transparency.
Paperhead is built on the Solana blockchain, renowned for its high speed, low transaction costs, and scalability. The DeFi projects developed on stream will leverage different technologies such as Solana's smart contracts for secure, transparent, and efficient operations. The live streaming component is powered by X boardcasts.
Paperhead is an evolving project with the following tentative timeline:
📋 For detailed technical tasks and bi-weekly progress updates, see our Technical Workdoc
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Q2 2025:
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Launch of $PAPERHEAD token on Pump.fun. ✓
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Begin live streaming sessions to showcase development and engage the community. ✓
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Release the first version of paperhead.io website ✓
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Release the main community telegram group for post-stream community engagemnt ✓
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Outline the roadmap and objective for Paperhead ✓
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Q3 2025:
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Release the initial public repository for Paperhead (AI Trading Agent)
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Integrate trading capabilities (such as automated swaps)
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Implement the AI agent engine for buy/sell signals
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Outline the initial version's capabilities
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Announce public launch.
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Q4 2025:
- Plan deployment of Paperhead AI Trading Agent on Avo's Agent Marketplace
- Rollout plan for further $PAPERHEAD utility from the perspective of enhanced trading features.
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Q2 2026 (tentative):
- Expansion of the DeFi ecosystem with additional projects, enhancing $PAPERHEAD utility.
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Q3 2026 (tentative):
- Implementation of governance mechanisms for community-driven decision-making.
This roadmap may adapt based on community input and development milestones. For granular technical progress and task completion status, refer to the Technical Workdoc which is often and is a reflection of tasks intended to be completed over the following 2 weeks.
A fundamental goal of the Paperhead live streams and the broader project is to construct an AI trading agent primarily using AI coding tools (use AI to build AI), showcasing their transformative potential in software development. These tools enable us to adopt an approach we call "vibe coding"—a dynamic, intuitive, and creative method of building software, augmented by AI, which we believe will grow increasingly vital in the future.
Through our live streams, viewers will witness these AI tools in action as we develop - Paperhead the AI trading agent - from scratch in real-time. This not only demonstrates the power and efficiency of AI-assisted coding but also serves as an engaging platform for viewers to see its practical application unfold. Whether you're a developer eager to master these tools or an enthusiast curious about the next wave of technology, these streams offer a front-row seat to the evolution of coding.
Moreover, this initiative provides a unique opportunity for viewers to capitalize on this trend. By observing and learning from the live demonstrations, you can gain actionable insights into leveraging AI coding tools for your own projects or investments. Paperhead is committed to pioneering a new era of software development—one that is more accessible, efficient, and attuned to the demands of tomorrow's creators.
Paperhead is more than a token or a streaming channel—it's a movement to bring humanity and purpose to the crypto space. By showcasing the software development process live, Paperhead connects the creator and community in a way that's authentic and interactive. The $PAPERHEAD token ties this vision together, offering real utility and rewards while supporting the project's growth through Pump.fun's innovative rewards system and trading agent fees.
This whitepaper is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any tokens. The information herein is subject to change, and the Paperhead team is not liable for any losses resulting from its use. Prospective investors should conduct their own due diligence and consult financial advisors before participating.
Paperhead stands at the intersection of creativity and decentralized finance, leveraging live streaming and the Solana blockchain to deliver a transparent, engaging, and utility-driven project. With $PAPERHEAD as its cornerstone, the project invites token holders to join a journey of innovation and community building. Together, we can redefine what it means to create and invest in the crypto world.