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Added more solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp over the past week.
Token has underperformed due to:
- Focus on RH chain
- Biggest unlock to date: overlap of the previous unlocks (pre-seed) with new set of unlocks (seed, advisors and team) and an airdrop of $1.5M
I think capital rotates back to real revenue generating projects sooner or later and meanwhile the fundamentals have only gotten better.
Price is currently $0.15 with a $300M FDV. 38% of the token sits in the treasury and won’t be touched. If we exclude that, we’re looking at $186M FDV backed by:
- >$2M gross profit weekly, >$100M annualized
- Treasury: $28M on-chain, up from $9.5M in Q1, mostly graded card inventory.
- Total card value on the platform: $53.1M
- Omnivault: CC’s 100k sq ft vaulting facility in Montana
- 22.5M CARDS burned (~5% of float), every token bought back with USDC or earned through LP fees (not just burning random minted tokens)
Looking at the last unlocks: only ~10% of tokens have been sold and ~81% of tracked unlocked tokens are still unclaimed; the four largest contracts (I assume team allocation) claimed and sold nothing.
They’ve made it clear that token = equity. I’m assuming we’ve not seen many team sells since they know the business is way undervalued at the moment. This is not just some random pump and dump vapourware token, it's a real business. Also assuming a lot of the tokens are being saved for future team members.
With the previous unlocks and airdrop out of the way, I believe sell pressure for next unlocks will be far lower.
Biggest catalyst to date will launch in October: Ripmart.
No exact details on it yet, but per team comments and looking at the teasers it’s a:
- Whatnot competitor (whatnot just raised at $20B)
- Built on Collector Crypt rails; offering instant buybacks of the opened packs -> which whatnot does not offer. This will likely bring a lot more new supply on-chain
- This is their strategy to onboard web2 users.
The team has also expanded heavily past pokemon. One Piece and sport cards have been in huge demand, Riftbound, Dragon Ball and Watches have recently been launched as well. New UI and mobile app are being teased. And probably a lot more coming up they’re keeping under the radar.
Some other interesting data:
- Highest value ($600k) on-chain TCG sale every recorded (PSA 10 1st Edition Charizard) through CC
- >$1B in total gross revenue crossed a month ago (currently $1.14B)
- DAU still trending up
- Margins have remained steady
- 100% uptime for a year
- >9k shipments carrying close to 50k cards have been redeemed to 84 countries
- >20 partners using their white label API
All with only $22k in marketing spend, which is being ramped up as the focus is now on onboarding web2 users.
So, with todays fundamentals you’re looking at a business that does >$100M in gross profit a year, that owns a nearly 100k sq ft vaulting facility, has >$28M in the treasury, stated that token = equity, confirmed previous buybacks, burned 22.5M tokens (5% of float) sitting at $186M in FDV (excluding the 38% foundation tokens) and $60M circulating mcap.
No brainer.
If not obvious already, this is a long term hold for me.
Bought more solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp over the past few days
- Coinbase listing coming
- Coinbase gacha coming
- Ripmart coming (and tokenized raw cards with it)
- Mobile app coming
- New UI coming
- Spearfish (use CARDS to increase EV on epic hits you want) coming
- New index product coming
All while current metrics keep growing
- Highest monthly revenue printed in October: $18.5M net rev, $12M net profit
- One of the highest revenue generating projects in crypto, still only at $500M FDV (way lower if we remove 38% supply held by the foundation)
- Another burn happened this week (2M tokens worth $500k)
- 3rd monthly advisor/team unlock occured, yet again only a small portion has been sold. Team knows the token remains undervalued
- Inventory value steadily increasing; $65M total tokenized collectibles value, $34M worth of gacha inventory
- Marketplace volume growing
- 65+ partners using CC API
- 65% marketshare of gacha platforms, while still increasing distribution
Assets added to the roadmap today: Collector Crypt (CARD)
coinbase.com/blog/increasing…
solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
Assets added to the roadmap today: Collector Crypt (CARD)
coinbase.com/blog/increasing…
solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
Agree, but there's an important nuance. The buying has to be real, and not fugazi. Plenty of teams run a "buyback" that's just recycling the tokens they dumped on you or they buy back 20% of what they sold. You want teams with a real product generating real revenue, where the buyback is funded by cash flow rather than by farming you somewhere else.
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solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
- $1 million dollars in Pokemon sold
- Per hour
- For 24 hours
@Collector_Crypt
Card club members already knew about this, testing the new feature.
How it works is (at the moment)
- Select an epic card you want to prioritize
- If you hit an epic, 5% chance it will be that one
- Can select up to 5 at a time -> 25% chance it will be one of your picks
- Amount of solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp needed per pick depends on the value of the card (higher epics = more CARDS costs)
Other than a new token sink, this feature is significant because it closes the loop of integrating the token into the protocol:
- Use solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp to get preferred epics in the gacha
- Hold solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp to receive free spins
Closing this loop may give them more room to speak clearly about token buybacks under the SEC/CFTC guidelines.
This will all obviously take time, but it is yet another sign that the team is aligned with the solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp token.
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solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp are being used in additional to the usual cost of spin (not subsidizing the cost of spin)
Over 19.9k of solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp token has been spent ($5.7k in cost) has been spent in additional to usual gachapon spending.
This serves as another additional form of token sink for solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
In the #5 spot in 24h net revenue behind behemoths: @tether @circle @Pumpfun @HyperliquidX
Goal is #3 by EOY/27Q1, let's see
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Revenue looks great
Expecting a big breakout of previous ATH's soon with so many catalysts coming up for solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
$1 soon
Team is burning tokens 2 months in a row now.
The thing that scared people were ‘no value to the token’ (team already said token = equity) and unlocks. Not only have a big part of those not been sold 2 months in a row, but some of it just got burned along with tokens from buybacks.
Team is clearly aligned.
Let me remind you that
- 37% of the supply owned by the foundation and wont be sold unless significantly accretive
- 20% is owned by the team and I think they’ve shown most of those tokens won’t be hitting the market anytime soon either.
- 18% community tokens are being distributed via aidrops to platform users.
> Real FDV is way lower.
Token remains extremely undervalued here in my opinion.
solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp ethereum:0x6985884c4392d348587b19cb9eaaf157f13271cd ethereum:0x163f8c2467924be0ae7b5347228cabf260318753
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Want to give a shoutout to @crypto_condom
Tailed him on $IOVA stock and hit >3.3x. small size but profit is profit
Tradfi book also at ATHs
There's always a bull market somewhere.
Cashing out my last tranche of $IOVA $5 2028 calls bought at $3.60 here. Cashing out half of my 12.50 2028 calls bought at $8.
Everything gets converted to spot.
This is a genuine cure for cancer with ESMO data next month. You dont sell that too early. Higher.
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Team is burning tokens 2 months in a row now.
The thing that scared people were ‘no value to the token’ (team already said token = equity) and unlocks. Not only have a big part of those not been sold 2 months in a row, but some of it just got burned along with tokens from buybacks.
Team is clearly aligned.
Let me remind you that
- 37% of the supply owned by the foundation and wont be sold unless significantly accretive
- 20% is owned by the team and I think they’ve shown most of those tokens won’t be hitting the market anytime soon either.
- 18% community tokens are being distributed via aidrops to platform users.
> Real FDV is way lower.
Token remains extremely undervalued here in my opinion.
solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
Cardstober solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
- Revenue keeps growing
- More partnerships incoming who use CC rails, biggest being Ripmart launching this month
- On-chain TCG sales breaking highs every week
Have been rolling perps profits into CARDS and will continue to do so
Largest tokenized TCG sale in history (again) on Collector Crypt’s marketplace: $825k
On CC you have 0% buyer fee, 2% seller fee of $16.5k
On ebay this would’ve been 13% total fees worth >$107.000
A difference of >$90k
Do you understand it yet? solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
Do you understand it yet?
Wondering why not more people are talking about this, so I think you either missed it or don't realize how huge it is:
a shadowless PSA 10 1st edition Charizard sold onchain yesterday for $600k (!!).
the fees were literally $0.
now compare that to the Charizard sold in the Logan Paul x Goldin auction:
the winning bid was $770,000. the final price was $954,800.
that's a stunning 24% in fees, and as a cherry on top, you get settlement that's slow af, complicated KYC, annoying physical logistics, and horrendous customs taxes on top of it.
annoying for the seller, annoying for the buyer, only good for the extractive middleman.
whether you're a fan of Gachas or not, one thing you can't deny: these marketplaces are orders of magnitude better when built onchain. and I'm amazed to see it already happening as we speak.
decacorn potential here.
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solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
A new record.
This Japanese 1st Edition Lugia just sold for $64,000 on Collector Crypt Marketplace.
Seller fee: $1,280
Buyer fee: $0
Now imagine the same $64,000 sale on eBay.
Seller fee: $2,322
California buyer fee: ~$6,400
Same card. Same price. Better marketplace.
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