Reconciliation reviewed on 1 November 2026 against docs and terms dated 27 October: Practice is a separate fictional 10 USD mode using live prices, with no wallet, prize or contribution to real Solo progress, jackpot or Season 0 points. The Try it free controls were observed but not used. Duel and Battle Royale remain future modes.
The later docs specify 1-minute clocks at levels 1–3, 3 minutes at levels 4–6 and 5 minutes at levels 7–10, starting at the actual fill. Checkpoints lead to levels 4 and 7. They describe a position remaining open if the tab closes, an open-order expiry of 120 seconds and a close requiring later protocol execution. These rules and behaviour have not been tested; the earlier 26 October timings remain dated history.
The detailed jackpot rules describe a project seed plus a share of builder fees, a qualifying routed Solo run, manual verification and manual USDC payout on Hyperliquid with no fixed deadline. Minimum withdrawal, payout queue and an unused Hyperliquid account activation fee may affect timing or receipt. The displayed pot has not been reconciled to funding or a paid transaction. Rules can change; Season 0 points have no promised value, token or redemption.
The docs describe a 30-day browser-encrypted key, one-hour order signatures and separate local forgetting versus onchain revocation. No key or queued-order cancellation was tested. Their stated win fee and pool-funded builder fee on losses need reconciliation with the complete protocol payout and cost rules; do not treat a simple 2% plus 0.5% as total cost. Operator identity, custody claims, exact permissions, current costs, eligibility and payout remain unverified.
Historical public-page review — 26 October 2026 (preserved as dated history):
PaperFight is an independent game-style interface presented on top of Papertrade. Its public homepage and terms were reviewed on 26 October 2026. The operator describes a Solo progression using real 10 USDC positions at 1000x leverage on BTC or ETH, with ten opponents, timed targets and checkpoints. No wallet, fight, position or simulated round was started.
Solo is presented in the accessible interface. Duel and Battle Royale are disabled and explicitly marked coming soon. The jackpot display is not proof of a funded or payable prize: terms dated 24 October say its rules are not final and that it can be changed, paused or cancelled without a promised payout.
The terms claim that positions remain in the user's Papertrade account and that a browser-local key can open and close but cannot withdraw. Actual permissions, duration, storage, revocation, funds control and queued closes were not tested. A key without withdrawal permission can still cause trading losses if compromised.
The homepage summarises a 2% fee on wins and a one-time $1 activation. Terms still describe a builder fee after approval, while the official registry shows a PaperFight-named address as Active. Complete costs require reconciliation with protocol impact, win fees and builder rules; displayed prices and targets do not guarantee execution or payout. The domain's technical connection to that exact builder address was not established. No official X account, initial release date, legal operator identity or audit was confirmed.
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