KARD Whitepaper
Version 1.0 · November 2026
1. Summary
KARD is a social network and marketplace for physical sports and trading cards. Collectors scan cards, build a collection, post to a feed, and buy, sell and trade single cards. Card dealerships join as verified dealers and buy cards from collectors.
The KARD token is a utility token on Solana. Members use it for community actions on the platform, such as posts, comments and likes. Card purchases and marketplace fees are paid in US dollars, never in KARD.
| Item | Value |
|---|---|
| Total supply | 1,000,000,000 KARD, fixed |
| Presale | 300,000,000 KARD (30%), sold in 6 rounds from November 20 to December 4, 2026 |
| Payment | USDC, USDT or SOL on Solana |
| Liquidity | 50% of the USDC raised, paired with KARD, opening at the price of the last completed round |
| Chain | Solana |
2. The platform
| Part | What it does |
|---|---|
| Scan | The camera matches a physical card to the catalog |
| Collection and Showcase | Members track their cards and show them to the community |
| Feed | Members post, comment and like |
| Marketplace | Members buy and sell physical single cards, raw or graded, in US dollars by bank card, with escrow, tracked shipping and a 3-day inspection window |
| Trades | Members propose card-for-card trades |
| Verified dealers | Card dealerships apply for a dealer account, are vetted by KARD, wear a Verified dealer badge, post what they are buying, and buy cards from collectors under the same escrow |
| Leaderboards | Six ranked metrics, opt-in and privacy-first |
Launch market: United States. Categories: MLB, NBA, NFL, Pokémon, Magic: The Gathering and One Piece. Age: 18+.
Current status: The KARD token is not yet on mainnet. The Android and iOS apps are in final testing and are being prepared for the app stores. Some features in this document switch on in stages after launch.
3. What KARD does
3.1 Action costs
| Action | Cost | Where the KARD goes |
|---|---|---|
| Post or comment | 10.0 KARD | The liquidity pool |
| Share a showcase or listing to the feed | 10.0 KARD | The liquidity pool |
| Like | 1.0 KARD | 0.9 KARD to the post author, 0.1 KARD to the liquidity pool |
| Listing boost (24 hours, labelled "Promoted") | 10.0 KARD | The liquidity pool |
| Trade deposit | 10.0 KARD | Given back if the trade is accepted; otherwise to the liquidity pool |
| Extra want-list slot or instant alerts | 10.0 KARD | The liquidity pool |
| Community poll vote (non-binding) | 10.0 KARD | The liquidity pool |
The app shows each cost before the member confirms. The partners can change these amounts in configuration without an app release, and they review them when the token launches. They are set in KARD and do not follow a live price feed.
3.2 Getting KARD
- Buying: On Android and the web, a member can buy USDC by bank card through Stripe, then swap it for KARD in the app. A member can also buy KARD in the presale or on the open market once the pool is live.
- Likes: The post author receives 0.9 KARD for each like.
- iOS: KARD spending is off at launch. iOS members use Post Pack credits from the App Store. One credit pays for a post or comment, and a like uses a tenth of a credit.
New members do not receive free KARD.
3.3 Limits
| Limit | Value |
|---|---|
| Daily KARD spending on actions | 1,000.0 KARD |
| Posts per day | 20 |
| Comments per day | 200 |
| Likes per day | 300 |
| Unsettled spending per member | 500.0 KARD |
These limits apply to actions in the app. They do not limit how much KARD a person can buy.
3.4 Settlement
Each action is recorded in the KARD ledger at once. KARD moves on-chain in regular batches. A member approves a spending allowance one time, 1,000.0 KARD by default. The platform can only use that allowance for settled in-app actions. KARD stays in the member's own wallet until it settles.
3.5 Collector tiers
A member's tier comes from a 7-day average of their on-chain KARD balance. Perks are non-monetary: higher action limits, more showcases, more want-list slots, profile flair and early access to new categories. There is no lock contract. The thresholds are shown in the app.
4. Allocation
| Bucket | Share | KARD | Unlock | Custody |
|---|---|---|---|---|
| Presale | 30% | 300,000,000 | 10% at launch, then equal weekly parts over 8 weeks | Presale program |
| Community Rewards Pool | 43% | 430,000,000, plus any unsold presale KARD and unused liquidity KARD | Held in reserve | 2-of-3 multisig |
| Founders (2, at 7% each) | 14% | 140,000,000 | No lock-up. Unlocked at launch | Founder wallets |
| Liquidity | up to 8% | up to 80,000,000 | LP tokens locked for 12 months | Liquidity pool |
| Treasury and operations | 5% | 50,000,000 | Spent under the treasury policy | 2-of-3 multisig |
| Total | 100% | 1,000,000,000 |
How the liquidity pool is sized. The pool opens at the price of the last completed presale round. The KARD in the pool equals 50% of the USDC raised divided by that price. At the largest possible raise this is about 79,000,000 KARD, which is less than 8% of the supply. Whatever liquidity KARD the pool does not use, and any unsold presale KARD, goes to the Community Rewards Pool.
Tokens available at launch: 10% of the presale KARD sold, the KARD in the liquidity pool and 140,000,000 founder KARD. The presale unlocks fully after 8 weeks.
5. Presale
| Term | Value |
|---|---|
| Rounds | 6 rounds over two weeks |
| Limit per round | None |
| Most KARD for sale | 300,000,000. The sale ends after round 6, or earlier if all 300,000,000 KARD are sold |
| Payment | USDC, USDT or SOL on Solana. SOL is priced at the moment of purchase from an on-chain price feed and the quote is locked |
| Other chains | Buyers on other chains bridge to Solana and pay with USDC or SOL. The bridge route is published on the presale page before the sale opens |
| Wallet limit | None |
| Daily purchase limit | None |
| Minimum raise | None |
| Refunds | None for missing a goal or raising less than the maximum |
| Who may buy | 18+. Buyers in restricted places cannot buy. The list is shown on the presale page |
| Sale dates | November 20, 2026 at 12:00 PM US Eastern to December 4, 2026 at 12:00 PM US Eastern |
| Launch date | Announced on the presale page before the sale ends |
| Round | Price (USDC per KARD) |
|---|---|
| 1 | 0.00270 |
| 2 | 0.00405 |
| 3 | 0.00540 |
| 4 | 0.00675 |
| 5 | 0.00810 |
| 6 | 0.00945 |
Each round's price is the round 1 price plus 50% of the round 1 price for each round after it. Prices are sale terms. The price is higher in each round.
Where the USDC is held: A dedicated wallet held with an outside provider (Privy) holds the funds raised until they move to the liquidity pool and to the treasury and operations multisig. A username and password alone cannot move these funds. The approval method, which requires both founders, is published before the sale opens.
The token launches on whatever amount the sale raises. The sale has no goal that it must reach, and a smaller raise means a smaller liquidity pool.
After the sale:
- The sale ends.
- 50% of the USDC goes to the liquidity pool, paired with KARD at the price of the last completed round.
- The LP tokens are locked for 12 months.
- 50% of the USDC goes to the treasury and operations multisig.
- Buyers claim 10% of their KARD at launch and the rest in equal weekly parts over 8 weeks.
- KARD publishes all transaction signatures.
The liquidity pool provider (Raydium or Meteora) is chosen after the amount raised is known.
6. Community Rewards Pool
The Pool is the KARD reserve of the platform. It is held in a 2-of-3 multisig and published on the treasury page.
The Pool is used for:
- The settlement float, so that post authors are paid their share of likes on time
- Adding KARD to the liquidity pool together with matching USDC, so the pool grows without changing its price
KARD enters the Pool from:
- Unsold presale KARD
- Liquidity KARD that the pool does not use
There are no welcome grants and no prizes. Nothing is burned. The Pool never pays holders.
7. Marketplace fees
Fees are in US dollars, and the buyer pays them.
| Event | Fee | To the community share | To the partners |
|---|---|---|---|
| Order under $10.00 | $2.00 | $1.00 | $1.00 |
| Order of $10.00 or more | $4.00 | $2.00 | $2.00 |
| Trade, each side | $2.00 | $1.00 | $1.00 |
| Dealer purchase | 2% of the price | 50% of the fee | 50% of the fee |
The community share is converted to KARD and added to the liquidity pool. KARD publishes each conversion on the public treasury page. This conversion is not a payment to holders, and KARD makes no statement about its effect on any market price.
8. Token and on-chain setup
| Item | Value |
|---|---|
| Name and symbol | KARD, KARD |
| Program | Solana Token-2022 |
| Decimals | 6 |
| Name, symbol and logo | Stored on the mint with the Token-2022 metadata extensions |
| Mint authority | Revoked after the initial mint, so no more KARD can be created |
| Freeze authority | Revoked |
| Mint address | Published on the treasury page at launch |
| Purpose | On-chain program | Instances |
|---|---|---|
| Token | Token-2022 | 1 mint |
| Presale | Custom KARD presale program. The audit report is linked on the presale page | 1 |
| Presale funds | Privy wallet (a wallet, not a program) | 1 |
| Liquidity pool | Raydium or Meteora | 1 pool |
| LP token lock | Depends on the pool provider | 1 lock |
| Custody | Squads | 2 multisigs: Community Rewards Pool, treasury and operations |
KARD publishes each address on the public treasury page.
9. Treasury rules
- The token is not the treasury. The treasury is the set of wallets the company controls and the rules for moving money between them.
- The treasury never pays holders.
- Holding KARD pays nothing. KARD has no interest, dividends or revenue share.
- KARD is the only token. There is no governance token. Community polls are non-binding and never control treasury money.
- Each movement from a multisig appears in a monthly summary with its signature.
- KARD does not use volume bots or market-making scripts.
10. Risks
- Market price: The market price of KARD can fall, and it can fall to zero. Nothing in this document is a statement about future price.
- Unlocked tokens: Founder tokens have no lock-up. Their holders can sell them from the first day of trading, and this can lower the market price.
- Presale unlocks: Presale tokens unlock over 8 weeks after launch. Sales by buyers can lower the market price.
- Round prices: Buyers in different rounds pay different prices. Buyers in earlier rounds paid less and can sell at launch.
- Liquidity: The liquidity pool is sized from the USDC raised and can be small compared with the tokens in the market. A large sale can move the price far.
- No refunds: The sale has no minimum raise. KARD launches even if the sale raises little, and buyers do not get a refund for that reason.
- Concentration: The presale has no wallet limit and no limit per round. One buyer can hold a large share of the presale.
- Reserve wallet: The Community Rewards Pool holds a large share of the supply. Its use follows this document and the treasury rules, and a multisig controls it.
- Platform: KARD has use only on the KARD platform. Features can change or be delayed, and the platform can stop.
- Smart contracts: On-chain programs can have defects. A defect can cause a loss of funds.
- Presale funds: Until the USDC moves, a wallet under company control holds it through an outside provider (Privy). Buyers rely on the company and that provider to move it as this document describes.
- Bridges: A buyer who bridges from another chain relies on the bridge. A bridge can fail or delay a transfer.
- Wallets: A person who loses wallet keys loses access to the KARD in that wallet. KARD cannot recover it.
- Law and regulation: Rules for tokens can change and differ by place. A change can limit or stop the sale or the use of KARD.
- App stores: App store rules can limit KARD features on iOS and Android.
11. Legal
This document describes a plan and is not a contract.
KARD is a utility token for community actions on the KARD platform. It is not an investment and no financial returns are promised or expected. Nothing on this page is an offer of securities. 18+ only.