Liquistate

Docs / Basket coins

Basket coins

In short

A basket coin is one coin backed by many smaller items, like a box of cards. Items worth under $20K join a basket, and one item can be up to half of it.

Small items pool together into one coin. A basket fills first, then launches.

Words used on this page
  • USDC: a digital dollar. One USDC is meant to be worth $1.
  • Devnet: Solana's test network. Coins there have no real value.
  • Pool: a pot of coins and USDC that people trade against. A deeper pot means steadier prices.
  • Staking: locking your coins for a while to earn a share of fees.
  • Vesting: coins that unlock bit by bit over time instead of all at once.
Think of it like: an index fund of small items. One coin, many vaulted pieces that share a theme, like a 'Marvel 90s' basket of graded cards.

Fill, then launch

  1. We open a themed basket (one kind of item per basket).
  2. Verified small items join, each counted at its appraised value. Owners can ask to join from the item checker or the basket page.
  3. The board shows the progress: Filling: 32 of 50 items, $6,400 of $10,000.
  4. At 50 items and $10K (and no item over 50%), the basket is ready.
  5. Liquistate launches it with a starting pool of 60% of its value in USDC, at least $6K (car baskets 50%, property baskets 30%).

Who can join

Cards and other collectibles under $20K (sneakers too), cars under $25K, properties under $100K equity. Stock pairs have no baskets.

The 50% rule

No single item can be more than half of the basket. While a basket is small, that means at most half of $10K, so $5K per item. A $19K card needs a basket worth at least $38K in total.

Coins and rewards

Each owner gets coins in proportion to their item's value. The fee split, staking and the loyalty boost work exactly like a single-item coin.

Example

100 cards averaging $500 make a $50K basket with a $30K pool. Quiet market: $1K a day of trading makes about $300 a month in fees. Hot market: $100K a day makes about $30K a month.

See baskets filling now →

Example numbers · subject to change · Solana devnet only · not investment advice