Trading Event Toad

The Trading Event Toad is a pink Toad that appears in Paper Mario. The Toad sponsors radio contests during the events. To participate in his contests, Mario has to go inside the third house in Koopa Village and switch the radio to its third station, the Information Station (a radio station that the Koopa Troopa owner of the radio happens to hate). The Toad will sometimes use this news station to broadcast his contests. He will announce where he will be located and what common item Mario must bring him. Mario will then have five minutes to get that item and meet him at the specified location. If Mario makes it on time, the Toad will reward him with a better item. If Mario gives him the wrong item, he will confiscate it. If he fails to get the item to him in time, the Toad will disgruntledly disappear in a cloud of smoke after being talked to. However, the same event will be held one more time, allowing the player to collect all the items.

Trading Event
This charts shows the following items to be brought to the Trading Event Toad during the contest events, the location he appears in, and the item rewarded to Mario for bringing the item to him in time.

Tattle

 * That's the Toad who hands out prizes at the radio Trading Event. If you take the item mentioned on the radio, he'll hook you up with a rare item. You really should participate in the Trading Event, Mario.

Trivia
The Trading Event Toad's color scheme would later be used for Toadette before she debuted in Mario Kart: Double Dash 2-3 years prior.