Frontiers · Trading Cards · Token architecture
One physical card. Clearly defined rights.
Structure economics
Fully funded, pro-rata ownership. Every unit shares costs and proceeds equally; no sponsor carry or debt.
Administration escalates with other costs; cash calls occur monthly. Fees and returns are illustrative, not a proposed offering.
Your 1.00% interest · Modelled
Structure IRR -0.06%
Direct-card IRR 1.78% · Difference -1.84 percentage points
Unit size changes dollar exposure, not the percentage return under equal pro-rata terms.
Direct asset title
Identify how a token transfer changes enforceable rights to the specific physical card.
Entity interest
If an entity owns the card, holders own an interest in that entity, subject to its obligations and governing documents.
Contractual exposure
A payment claim linked to a card price may give no right to possess or redeem the card.
More divisible ownership can lower an individual exposure, but it does not create buyers or remove transaction costs. The added structure can make a smaller card less economical — this page shows that cost explicitly.
Next: evidence before issuance.
Due diligence →