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 AffiliationCreated by fans, for fans.
Community ExpressionLike fan clubs or supporter groups.
Decentralized CurationNo central authority.
No Trademark UsageFan 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.