Every token here is pegged to one graded Pokémon card. This page covers what the peg is and is not, where the card prices come from, what the vault does with fees, and how a slab ends up in a launcher's hands.
A token is two things at once. It is an ordinary Pons V2 launch on Robinhood Chain: a bonding curve holding the entire supply, tradeable from the first block, graduating into a Uniswap V4 pool with permanently locked liquidity. It also carries a reference: one card at one grade from one grader, chosen at launch and fixed for the life of the token.
Three percent of every trade is the creator tax. Two percent goes to a vault that belongs to that token alone; one percent pays for the keeper, the servers and the feeds. When the vault can afford the cheapest listing of the card on Collector Crypt, the real slab is bought into custody. When the token graduates, the slab ships to whoever launched it.
The whole supply targets one card. Token value is price times the one billion supply, and drift is that value over the card's reference price, minus one. A token at +20% trades richer than its card; at −40% cheaper. Inside ±5% it is on peg.
Every Pons launch opens at a $3,236 market cap, so a card cheaper than that starts above peg and a card dearer starts below. Graduation happens near $40,000. The peg is a reference the market may or may not respect. Nothing defends it today; the vault buys cards, it does not trade.
The peg is not redemption. A token cannot be exchanged for the card, and holders have no claim on what the vault holds. The card is a bounty for the launcher, paid for by the token's own trading.
Card prices come from Collector Crypt's marketplace, where more than four thousand graded Pokémon slabs are listed for sale in a vault. A class is one card at one grade; Collector Crypt's Gemrate card id groups the listings. The reference is the median of current asks after dropping anything above five times or below a fifth of the slab's insured value, because the top of the book is full of unrealistic asks. One sane listing is averaged with its insured value. No listing means the insured value stands in, and the last known price is held and marked stale rather than dropped to zero.
The catalogue refreshes every ten minutes. Images are Collector Crypt's photographs of the physical slabs, front and back.
Each launch derives a vault address before the token exists and sets it as the creator fee recipient in the launch transaction itself. The vault is a small contract, deployed the first time there is anything to move, and it can do exactly four things: claim its fees from the Pons escrow, sweep its own curve, trade its own token against its curve or pool, and hold and release a card. It cannot mint, cannot reach locked liquidity, and cannot be upgraded. Every action it takes is on the receipts page with a transaction link.
Fees sit on the curve until swept, then in the Pons escrow until claimed. The token page shows all three balances separately. The keeper runs the claims; anyone can call the same functions.
The winner is the deployer address in the Pons factory record. Farming does not pay: a round trip costs about four percent and only two reaches the vault.
Robinhood Chain, chain id 4663. Resolve each token's curve from the Pons factory rather than hardcoding.
No. The card goes to the launcher when the token graduates. Trading the token is trading the token.
The token's own vault, fixed in the launch transaction. Two thirds stay there; one third pays the platform.
Yes. Nothing is reserved, and being first confers no claim. They race.
The vault buys the next cheapest sane listing of the same card and grade. If there is none, it waits and the reference goes stale.
No. Pons locks it permanently. There is no timelock that expires.