Terms of service
The agreement that governs your use of the platform.
1. Acceptance
By accessing Shards, you agree to these terms. If you do not agree, do not use the platform. You must be of legal age and able to form a binding contract in your jurisdiction.
2. Accounts & verification
You are responsible for the security of your account and credentials. Access to trading and withdrawals requires identity verification, which may be performed by a regulated third-party provider.
3. Fractionalization
Fractionalization splits a graded-card NFT you already own on-chain into fungible shards, backed 1:1 by that card, that mint to your own wallet. There is no crowdfunding, no reservation, and no contribution of capital to SLAB. The physical card is held in insured custody as the backing; you may burn a whole card's worth of shards to redeem it. Owning shards is not a promise of any return.
4. The exchange
Shard markets represent fractional, vault-backed exposure to a card type. Prices are set by trading activity and can move sharply. You trade at your own risk and are responsible for your own decisions.
5. Custody & redemption
Cards backing the markets are held in an insured vault. Redeeming a whole-card multiple of shards entitles you to physical delivery of a matching graded slab, subject to fees and shipping terms disclosed at the time.
6. Prohibited conduct
You may not engage in fraud, market manipulation, money laundering, or any unlawful activity. We may suspend or close accounts and reverse transactions where we reasonably suspect abuse.
7. Disclaimers & liability
The platform is provided “as is.” To the maximum extent permitted by law, Shards disclaims implied warranties and is not liable for indirect or consequential losses.
8. Changes
We may update these terms. Material changes will be communicated, and continued use after an update constitutes acceptance.
This summary is provided for product clarity and is not legal advice.