What is the best paint to use when painting on paper to be folded?

My cousin wanted me to paint a collapsible paper lantern for Diwali. I would ideally use simple watercolors. But i am worried about a few things


1. The longevity of the colour


2. The chipping when collapsed


3. The vibrance of the colour





Can someone please help me?What is the best paint to use when painting on paper to be folded?
Use ';KANSAI NEROLAC PAINTS';