01/18
WHITEPAPER v1.0

TerracesProtocol

“Bets expire. Fan tokens don’t.”

A decentralized fan token launchpad bringing real-world value to blockchain technology

SWIPE TO EXPLORE
01 — ABSTRACT

Learning from Polymarket

What They Got Right

Blockchain is a tool, not an industry in itself. Decentralized tokens should be used to trade real-world activities and entities — and traded in a manner that gives everyone an equal opportunity to succeed.

What They Got Wrong

Pure betting markets don't attract evidence-based, professional traders — where the real global liquidity and long-term value resides. Binary outcomes limit sophisticated trading strategies.

The Terraces Approach

Terraces gives traders the opportunity to speculate on almost every real-world activity, entity, and person — without insiders affecting their chances of success. Fair launches, transparent mechanics, and continuous markets that never expire.

02 — THE PROBLEM

The Speculation Trap

Prediction Markets

  • —Binary outcomes: win or lose all
  • —Time-limited positions
  • —No value after resolution
  • —50% chance of total loss

Fan Tokens

  • +Continuous value spectrum
  • +No expiration date
  • +Backed by real entities
  • +Value rarely reaches zero
02 — THE PROBLEM

Existing Solutions Fall Short

Memecoins

Platforms like Pump.fun demonstrated massive demand for accessible token creation. However, the tokens created are disconnected from reality — their value is purely speculative.

Centralized Fan Tokens

Platforms like Socios require official partnerships with teams, creating centralized gatekeeping. This limits token availability and concentrates power.

The market needs a platform combining Pump.fun mechanics, real-world connection, and community ownership.

02 — THE PROBLEM

The Fan Token Landscape

Centralized Platforms

Socios, Binance Fan Tokens

  • —High trading fees (1-2%)
  • —Centralized control & custody
  • —No trust from serious traders
  • —Platform can freeze assets

Decentralized Platforms

Pump.fun-style launchpads

  • —Duplicate tokens everywhere
  • —10+ "Manchester United" tokens
  • —Liquidity fragmented
  • —No curation or verification

Official Fan Tokens

PSG, Juventus, Barcelona

  • —Insider allocations to teams
  • —Teams dump tokens on fans
  • —High fees fund corporations
  • —Community confidence eroded

The Terraces Advantage

0.25%

Trading fees attract professional traders

6 Hours

Countdown window — no insider advantage

Community

No corporate extraction of liquidity

03 — THE SOLUTION

Introducing Terraces

A decentralized marketplace for fan tokens representing real-world entities with genuine underlying value.

0.25%
Trading Fee
$2,500
Per Launch
10
Liquidity Levels
1B
Token Supply
03 — THE SOLUTION

Core Principles

Real-World Backing

Every token represents a real entity with established fanbases. No expiration.

Complete Decentralization

No official partnerships required. Trading on Raydium DEX. No custody of funds.

Fair Launch Mechanics

No presales, no insider allocations. 6-hour countdown gives everyone equal opportunity.

Self-Promoting Economics

Deployers and delegators earn ongoing fees. Natural ambassadors incentivized.

04 — HOW IT WORKS

Delegated Liquidity Bonding

$2,500 USDC liquidity divided into 10 levels of $250 each.

L1
$250
L2
$250
L3
$250
L4
$250
L5
$250
L6
$250
L7
$250
L8
$250
L9
$250
L10
$250
Deployer

Fund at least 1 level. Pays $50 fee + $250 per level.

Delegators

Fill remaining levels. Each level earns 4.4% of fees.

04 — HOW IT WORKS

Launch Lifecycle

01

Submission

Deployer submits with $50 fee + liquidity

02

Validator Review

Community validators verify and approve

03

Delegation Window

72 hours to fill remaining levels

04

Launch Countdown

6-hour countdown once funded

05

Live Trading

Launches on Raydium with locked LP

05 — TOKEN ECONOMICS

Token Specifications

Total Supply
1B
(1 Billion)
Decimals
6
Initial Liquidity
$2,500
USDC
Starting Price
$0.0000025
per token
Wallet Cap
10%
of supply
Token Standard
SPL
Token-2022
05 — TOKEN ECONOMICS

Fee Distribution

Trading fees at 0.25% — encouraging active trading.

RaydiumAMM
12%
PlatformTreasury
44%
Deployer Side10 Levels
44%

Each level receives 4.4% of total fees.

06 — GOVERNANCE

Validators & Curation

Validators are community members who review submissions to ensure accuracy, prevent duplicates, and maintain quality.

Validator Incentive

$50 fee split among reviewing validators

Future Governance

Token-based DAO for parameters and upgrades

07 — LEGAL FRAMEWORK

Fan-Based, Not Company-Based

Terraces tokens are fan expression tokens, not official team tokens.

No Official Affiliation — Created by fans, for fans.
Community Expression — Like fan clubs or supporter groups.
Decentralized Curation — No central authority.
No Trademark Usage — Fan imagery subject to review.
08 — INDUSTRY EXPANSION

Starting with Football

4 billion fans globally — the foundation for platform growth.

500+
Leagues
10K+
Clubs
365
Days
4B
Fans
08 — INDUSTRY EXPANSION

Unlimited Scale

Permissionless expansion into any industry with a fanbase.

Esports

Liquid, Fnatic, C9

Music

Artists, bands

Entertainment

Actors, creators

Business

Brands

Bringing real-world communities on-chain.

09 — TECHNOLOGY

Built on Solana

<1s
Finality
<$0.01
Tx Cost
65K+
TPS
Forever
LP Lock
Smart Contracts

Anchor + SPL Token-2022

AMM

Raydium CLMM

Security

Multi-sig, audited

Decentralized

Any Solana DEX

10 — ROADMAP

Development Phases

Phase 1
Foundation
Contracts · Frontend · Testnet
Phase 2
Launch
Audit · Mainnet · Football
Phase 3
Expansion
Sports · Esports · Mobile
Phase 4
DAO
Gov token · DAO · Cross-chain
11 — CONCLUSION

The Future of Fan Engagement

Prediction markets: win or lose everything.

Memecoins: speculation disconnected from reality.

Terraces: calculated investment in real-world entities.

“Bets expire. Fan tokens don’t.”

Built by community, for community.