every token has a card behind it. its market cap sits next to the card's price, so you always know how much of the card the market has priced in.
the first token to launch takes this spot.
creator fees waiting to be paid out across every pairing.
landmark printings, every one referenced above $300. pick one to launch a token paired with it.
| # | card | set | rarity | reference | 7d | tokens |
|---|
one approval. pick a card, name the token, sign. the card is the pairing, not the name: call the token whatever you like and give it its own logo, or launch it as the card itself.
how pairings work, how to launch one, and what happens to the fees.
most new tokens start with nothing to point at: no story, no benchmark, no way to tell whether a price is big or small. collectible cards are the opposite. a rare printing leaves auction records, graded sales and market prices anyone can look up.
backed joins the two. every token launched here is paired with one card printing from the catalogue. the card is the token's face and its benchmark: at a glance you know what the token stands for and how its market cap compares with the card it's named after.
only catalogue cards can be launched. it's a curated list of printings, each referenced above $300, from base set holos to gold star grails. every entry is one exact printing: set, number, rarity and variant. two printings of the same pokemon are two different cards, and two different pairings.
each reference comes from a public source for that exact printing, named on the card and on every token paired with it. the 7d column is how the card's market drifted over the week against its 30-day average. it's noisy on vintage cards that rarely sell.
everywhere on backed a token's market cap sits next to its card's reference. the ratio is the number a pairing is built around. below the card it reads as a percentage, above it as a multiple. the ratio moves from both sides: the token trades around the clock, the card follows auctions. neither price sets the other.
anyone with a base wallet can launch, with one approval. the site calls backed's own pad contract, which launches the token through o1.exchange's standard factory: 1b supply, 18 decimals, a b20 token on base, the full supply seeded into a uniswap v4 pool against eth, liquidity locked by o1 forever. an initial buy, if you add one, lands in the same transaction as the create.
BACKED card: <id>, the card's name, set, number and reference on launch day, and a note that it's not redeemable for a physical card. the card id is also written into the token's on-chain metadata as backed.card.name and ticker are public on-chain metadata, check them before signing. the site never holds your keys. o1 charges 0.001 eth to create a token; backed adds nothing.
nothing on top of o1. trades pay o1's standard 1% pool fee in eth: half of it is the creator fee, 30% goes to o1, 20% to whoever referred the trade. backed does not add a tax and cannot change the rates. the first 20 seconds after launch carry o1's anti-snipe surcharge, which goes to o1.
a benchmark on its own is not binding. every backed launch is made by a fresh vault contract, one per token, so o1 records the vault as the token's creator and creator-fee recipient. the vault pays 50% to the wallet that launched it and 50% to backed, has no owner and never hands its creator rights on: nobody, including backed, can change the split.
creator fees accrue in o1's fee escrow under the vault's address as trades happen. distribute pulls them into the vault and pays the two wallets at the locked split. anyone can call it, and it can only ever pay those two wallets. trades placed on this site also name the backed wallet as the o1 referrer.
two things, both on-chain: it was launched by the backed pad, so a backed vault holds its creator rights, and its metadata names a catalogue card. the site lists exactly those tokens by reading the pad contract. there is no backed database and no admin key. read a pairing as a public label and a benchmark, not a claim on a physical card.