Key Points
Collect on Fanable is a platform that integrates physical collectibles, such as trading cards and comic books, with blockchain technology.
Users may deposit physical collectibles into a secure storage facility and receive a corresponding digital ownership certificate that can be traded instantly.
The COLLECT token serves as the platform’s native cryptocurrency, facilitating transactions, rewards, and governance participation.
Overview of Collect on Fanable
Collect on Fanable (commonly referred to as Fanable) is a marketplace designed to bridge traditional collecting with blockchain-based infrastructure. The platform operates within the broader category of Real-World Assets (RWA), a term used to describe tangible assets whose ownership is recorded and managed on a blockchain.
Fanable has received funding and support from several established organizations, including Ripple, Polygon, Borderless Capital, and Morningstar Ventures.
The platform’s objective is to enhance liquidity and efficiency in collectible markets by combining secure storage with digital transferability.
How the Platform Operates
Fanable’s model is structured around three primary stages:
1. Secure Vault Storage
Rather than storing valuable collectibles at home, users may ship their items to Fanable for professional storage. The assets are placed in insured vault facilities managed by security providers such as Brink’s.
Before storage, items undergo authentication and grading to confirm their legitimacy and condition. This process is intended to provide confidence to future buyers.
2. Digital Ownership Certificate (DOC)
Once an item is securely stored, Fanable issues a Digital Ownership Certificate (DOC) on the blockchain. This certificate functions similarly to a digital title deed, representing legal ownership of the physical asset held in the vault.
Ownership of the collectible is transferred through the transfer of this digital certificate. The blockchain record ensures transparency and traceability of ownership changes.
3. Instant Digital Trading
Because ownership is represented digitally, users can trade collectibles without physically shipping the item each time a transaction occurs. The physical asset remains secure in the vault while the digital certificate changes hands on the platform.
If a certificate holder chooses to take possession of the physical collectible, they may redeem it. Upon redemption, the digital certificate is permanently removed from circulation, and the physical item is shipped to the owner.
The COLLECT Token
The COLLECT token functions as the primary utility token within the Fanable ecosystem. It supports several core activities:
Transactions: Users may utilize COLLECT tokens to buy and sell collectibles on the platform.
Rewards: Token holders who stake or retain their tokens may be eligible for rewards, which can include a share of platform-generated fees.
Governance: Holders of the COLLECT token may participate in governance decisions, such as voting on protocol updates or determining which categories of collectibles are introduced.
COLLECT on Binance
On February 11, 2025, Binance introduced a trading competition for the COLLECT token. The token is available for trading through Binance Alpha. Eligible participants who trade COLLECT via Binance Alpha or through the Binance Wallet (Keyless) may qualify for promotional token rewards.
The campaign does not impose a maximum trading volume limit; however, only cumulative purchases of COLLECT during the promotional period are considered. Sales transactions are excluded from reward calculations.