1. Overview
An on-chain treasury of off-chain sealed collectibles. Start with vintage Pokémon. Add vintage Magic: The Gathering and vintage sports sealed as the vault scales. A public dashboard reports mNAV, band, next engine action, inventory, purchase prices, and timestamps.
2. Thesis: Liquidity Unlock + Engineered Scarcity
Liquidity Unlock
Vintage collectibles are illiquid and auction-driven. We create liquid exposure by tokenizing the vault and operating a transparent trading engine.
Engineered Scarcity
On-chain buy-and-burn when undervalued removes supply. Off-chain openings reduce sealed supply over time. Combined, this supports tighter float and stronger scarcity.
3. Definitions
- Treasury Holdings (USD)
- Fair value of sealed inventory with conservative haircuts plus cash.
- FDMC (policy)
- Price × tradable float (circulating supply on market, inclusive of pools). Exclude Treasury-held tokens.
- mNAV
- FDMC ÷ Treasury Holdings (USD).
- Bands
- Four mNAV bands drive hourly actions by the Real-World Asset Trade Engine.
4. Platform and Fees
Platform: pump.fun
Fee: 1% per trade
Routing: 75% of fees → Treasury in SOL to buy sealed. 25% → Real-World Asset Trade Engine to execute hourly policy and build a strategic token reserve.
5. Architecture: Two Wallets
Treasury Wallet
Holds SOL and a strategic $PACKZ reserve. Uses SOL to acquire sealed packs. May deploy reserve at extreme premiums (for example, around 10× mNAV) to capture token premium and scale the vault.
Real-World Asset Trade Engine Wallet
Runs hourly rules, accumulates revenue, and drips a strategic reserve to Treasury.
6. Hourly Policy by mNAV Band
Let H = engine $PACKZ balance. Let S = engine SOL balance.
Band A: mNAV ≤ 1.151×
- Buy: Spend 1.51% × S hourly to acquire $PACKZ.
- Burn: Burn 75.00% of purchased $PACKZ.
- Reserve: Transfer 25.00% of purchased $PACKZ to Treasury reserve.
Note: Burn and reserve percentages apply to the newly purchased tokens, not the total balance.
Band B: 1.151× < mNAV < 2.25×
- Buy: Spend 1.51% × S hourly to acquire $PACKZ.
- Hold: Keep purchased tokens in engine wallet for future trading operations.
Band C: 2.25× ≤ mNAV < 3.5×
- Accumulate: No action. Hold position and monitor.
Band D: mNAV ≥ 3.5×
- Distribute: Sell 1.51% × H hourly. Hold SOL proceeds in engine wallet for liquidity.
Objectives
Price stability from automated support and resistance. Treasury growth from high-band distributions. Downside protection via buys and burns at low bands. Self-funding via platform fees.
7. Token Model (pump.fun)
Fixed supply at launch: 1,000,000,000 $PACKZ.
Launch path: Bonding-curve fair launch that later graduates to the canonical pool.
No preset Treasury percentage: Treasury and engine $PACKZ balances accrue dynamically through hourly rules, tactical buys, reserve shifts, and burns.
8. Strategic $PACKZ Reserve
Held by Treasury as additional backing alongside sealed and SOL.
Tactical deployment at extreme premiums (for example, around 10× mNAV) to capture premium and rapidly scale acquisitions, rewarding holders who back the growth thesis rather than simple mNAV arbitrage.
9. Purchasing and Proof of Spend
Marketplaces: Vetted dealers and auctions; example SKU: Base Set Revised Unlimited booster packs on TCGplayer.
Payments: SolCard for SOL settlements. Funding transactions are on-chain. We attach receipts and timestamps on the dashboard.
10. Storage and Authentication
Authentication: BBCE/PSA preferred, or airtight chain-of-custody.
Process: Two approvals, photo/video logged, records posted.
Storage: Tamper-evident cases, climate control, low UV, insured, periodic audits.
11. Comparative Notes
We borrow institutional tactics from equities, such as buybacks near or below intrinsic value and issuance at premiums, and adapt them to crypto with hourly bands, fee-funded burns, and tactical reserve deployment.
12. Reporting
Dashboard surfaces mNAV, current band, next scheduled engine action, vault value, set distribution, inventory, purchase prices, and recent activity.
13. Risks and Notices
Market volatility, appraisal variance, sourcing fraud risk mitigated by provenance checks, rule-execution risk, storage and insurance costs. Not an investment fund. No promise of profit or redemption.