The onchain vault for graded cards.

01The Opportunity

The thesis is not theoretical. A live competitor in graded card tokenization already proved the model prints cash. The figures below are public competitor data, cited only to size the market that SLAB is built for.

For context on the prize: eBay did a record $22.2B GMV and $3.1B revenue in Q1 2026, and collectibles are its single largest growth driver. The total cost to sell a Pokemon card on eBay is 16 to 20 percent of gross, made up of the final value fee, per order charges, promoted listings, packaging and shipping.

02How SLAB Works

2.1 Tokenized Custody (the Slab)

A collector ships a graded card (PSA, CGS or BGS) to SLAB insured custody. We mint a Slab NFT, a 1:1 onchain claim on that physical, graded, serial verified card. The Slab is redeemable for the physical card at any time, or tradeable at a tap. The card never has to move again to change hands.

2.2 The Gacha (positive EV collecting)

SLAB buys graded inventory in bulk at a 5 to 15 percent discount. Users open digital packs and choose: keep the cards, or instant buyback at 7 to 15 percent below market. Most users hunt rare hits and sell the rest back.

• A collector targeting a $100k collection receives ~$102k of cards on average, so roughly +2 percent EV to the user.
• SLAB captures ~4.5 percent margin on the flow.
• On a $1,000 pack, blended margin is ~5.14 percent, net ~4.44 percent after incentives.

This is the rare two sided win: users get paid to collect, the protocol gets paid to run the machine.

2.3 Secondary Marketplace

Every tokenized Slab trades on the native marketplace at a flat 2 percent fee versus eBay 16 to 20 percent. Instant settlement, no shipping, no fraud risk. The card sits in the vault, only the token moves.

2.4 SLAB Sniper

Place maximum bids on live eBay auctions in USDC. Win the auction and the card routes straight into the vault and mints as a Slab. This is the bridge that pulls eBay inventory onchain, one auction at a time.

2.5 Partnerships and Infrastructure

Any project can build on SLAB custody and price oracle: card backed lending, fractionalized grails, index baskets, prediction markets on grades. SLAB is the settlement layer for graded collectibles.

03The Token Is the Engine

This is the entire difference from the incumbent. A DEX first VC token sidelines liquid funds and dilutes through unlocks. $SLAB is a pump.fun fair launch with no presale, no team unlock cliff, and no VC bags. The protocol cash flows have exactly one destination: the token.

   Gacha margin + 2% marketplace fees + Sniper fees + partnership rev
                              |
                              v
                    PROTOCOL TREASURY (USDC)
                              |
        +---------------------+---------------------+
        v                     v                     v
  50% BUYBACK & BURN     30% VAULT GROWTH      20% GACHA JACKPOT
  open market $SLAB,     buy more graded       funds the rare hit
  burned forever         inventory at          pool, raising user
                         5 to 15% discount     EV, more rippers
        |                     |                     |
        +---------------------+---------------------+
                              v
            More volume, more fees, bigger buyback, higher $SLAB

Every pack opened and every card traded mechanically buys and burns $SLAB. The vault grows the inventory that feeds the gacha. The jackpot raises user EV, which pulls more rippers. The harder the protocol works, the tighter the float and the larger the treasury behind each token.

04Tokenomics

Fair launch on pump.fun. 1,000,000,000 $SLAB. No team allocation gated behind unlocks.

05Token Utility

• Buyback and Burn. 50 percent of all protocol revenue market buys and burns $SLAB. Deflationary by construction.
• Stake for EV Boost. Stake $SLAB to raise your personal gacha EV (for example +2 percent toward +3.5 percent) and lower your marketplace fee from 2 percent toward 1 percent.
• Jackpot Tickets. A slice of every pack feeds a $SLAB denominated grail jackpot, and stakers get weighted odds.
• Vault Governance. Stakers vote on which card sets and grades the treasury acquires next.
• Fee Settlement. Pay marketplace and Sniper fees in $SLAB for a discount.

06Value Capture

Because there is no unlock cliff, the float is honest. Value accrues two ways.

• Burn. Circulating supply shrinks every time the protocol earns.
• Treasury backing. The vault accumulates real graded inventory plus USDC behind the token, mirroring the incumbent position of roughly $23M inventory plus $10M cash, except here it backs a fair launch coin rather than a VC cap table.

At the incumbent June run rate of roughly $109M annualized profit, a 50 percent buyback mandate implies roughly $54M per year of open market $SLAB buy pressure and burn at equivalent scale. That is the number that matters.

07Roadmap

Phase 0 — Fair Launch

• $SLAB launches on pump.fun. No presale, no team unlock cliff.
• Vault Reserve wallet published onchain for real time audit.
• Buyback contract deployed and verified. Every fee routes to it from block one.

Phase 1 — The Vault Opens

• Insured custody live. Ship a card, mint a 1:1 Slab.
• Native marketplace v1 at a flat 2 percent fee, instant settlement.
• Real time treasury dashboard and first weekly buyback and burn, published onchain.

Phase 2 — The Gacha

• Positive EV pack openings go live, with instant buyback at one tap.
• Stake for EV Boost and the $SLAB grail jackpot ship.

Phase 3 — Dethroning the Tax

• SLAB Sniper for live eBay auctions in USDC.
• Vault governance, sports cards and sealed wax, and the partnership API.

Phase 4 — The Institutional Bridge

• Index products, OTC desk and CEX liquidity bridges for funds.
• Authentication and grading partnerships to scale inventory intake, driving onchain liquidity toward parity with eBay.

08Risk and Disclaimer

Nothing here is financial advice. Crypto is volatile and you can lose everything. Graded card figures referenced throughout are public competitor data used to size the market opportunity and are not claims about SLAB own performance. Forward looking statements about products and timelines are directional, not promises. $SLAB is an independent fair launch protocol token on Solana. Do your own research.