How The Backers Works
Everything you need to know about the platform, rewards, and tokenomics.
Overview
The Backers is a Solana-based co-ownership platform for PSA-graded Pokémon cards. Community members pool together to back rare cards, share in trading volume rewards, and participate equally — regardless of wallet size.
🎯 Core principle: Equal entry. Shared rewards. Every backer gets the same slot size and the same reward rate. No whale advantages.
How It Works
Step 1 — Creator Lists a Batch
A verified creator submits two PSA-graded Pokémon cards as a Batch. Cards are validated through the Validator System (PSA cert check, grade minimum PSA 8+, no duplicates). The batch goes live with a countdown timer.
Step 2 — Backers Join the Pool
Any wallet holding at least 500,000 $BACKERS tokens can claim a slot in the batch. Each batch has exactly 20 slots at equal SOL cost. The slot price is set when the batch opens.
- Max 20 backers per batch
- Each slot costs equal SOL — fair pricing for all
- Minimum 500,000 $BACKERS token balance required
- Funds held in Streamflow escrow vault (on-chain)
Step 3 — Rewards Distributed
Once the batch timer ends, rewards are distributed automatically on-chain. Your $BACKERS deposit is returned after the batch ends.
Batches
Each batch contains exactly two PSA-graded Pokémon cards. Batches are the core unit of the platform. Here's what you see in each batch listing:
- Card images — Large PSA-graded card photos
- Countdown timer — Time left batch end
- Slot progress — How many of 20 slots are filled
- Pool value — Total SOL in the pool (set on launch)
- Min requirement — 500,000 $BACKERS
⏱ Batches run for a limited time window. Once the timer expires, the batch closes and rewards are distributed.
$BACKERS Token
$BACKERS is the platform utility token deployed on Solana via pump.fun. It serves as the access key to join any batch on the platform.
- Contract address (mint): Fkwv9RZMDTU4bBcDbYXt28BkDP17b8tvvmuRktA7pump
- Minimum to participate: 500,000 $BACKERS per slot
- Not spent — Your tokens stay fully locked in escrow and are not spent, transferred, or sold by the team. They will be returned to your wallet after the batch ends.
- Governance (upcoming): $BACKERS holders vote on batch approvals and fee changes
- Staking (upcoming): Stake $BACKERS to earn platform fee share
Backer Reward Pool
The Backer Reward Pool is funded by 50% of all platform trading volume fees.
5% of the total trading volume fee is allocated to each active batch.
Example: If there are 5 active batches, each batch receives 5% (total 25%).
The remaining is used to purchase Pokémon cards via Collector Crypt.
Distribution per Batch (from the 5% fee share)
| Recipient | Share | Notes |
|---|---|---|
| 20 Backers | 100% | Shared equally among all 20 backers |
| 1 Winning Backer | Pokémon Card | One random backer wins the main card prize |
Distribution is automatic and trustless. The SOL/USDC rewards and the Pokémon card are distributed directly on-chain.
Fee Structure
There are no direct fees charged by the platform for joining batches, claiming rewards, or listing. All rewards come from trading volume on pump.fun (and related trading activity).
Distribution of the Trading Volume
- 50% → Backer Reward Pool (Distributed as 5% per active batch, maximum 5 batches / 25% total)
- 50% → Marketing & Backed Fund
- Remaining allocation → Used to purchase Pokémon cards via Collector Crypt
| Action | Fee |
|---|---|
| Joining a batch (slot purchase) | 0% — no fee |
| Trading volume on pump.fun | 5% → goes to reward system as above |
| Reward claim | 0% — no fee |
| Batch creation | Creator stake required |
Validator System
Every action on The Backers is gated by the multi-stage Validator System. This ensures only legitimate cards, eligible wallets, and valid transactions make it onto the platform.
- Card Validator — PSA cert format check, grade minimum (PSA 8+), no duplicate listings
- Wallet Validator — 500K $BACKERS balance deposit
- Batch Validator — Slot count (5–20), price range, duration, card-to-pool value ratio
- Transaction Validator — On-chain signature verification, amount match
- Creator Validator — Reputation score, collateral stake, active batch limit
→ Explore the Validator System Dashboard
FAQ
Do I need to spend $BACKERS to join?
Yes. $BACKERS is a balance requirement only. You must deposit 500,000 $BACKERS to join a batch, but your tokens are fully refunded to your wallet after the batch ends.
What happens if a batch doesn't fill?
If the timer expires before all 20 slots fill, the batch closes with however many backers joined. Rewards are still distributed proportionally based on trading volume generated.
How do I claim rewards?
Rewards are distributed automatically to your wallet once the batch completes. You can also view and claim pending rewards on the Portfolio page.
What is Streamflow?
Streamflow is a Solana-native token vesting and payment streaming protocol. The Backers uses Streamflow escrow to hold batch funds securely and distribute rewards automatically on-chain.
Are there any risks?
All crypto investments carry risk. The value of Pokémon cards fluctuates. Rewards from the pool depend on trading volume generated. This is not financial advice.