Dibbs uses tokenized representations of physical sports cards (Card Tokens) to enable instant trades, either for a full Card Token or a fraction of one. These tokens exist and are transferable on multiple blockchain networks. The physical cards are held by a third-party custodian. A holder of 100% of a Card Token can choose to take possession of their card by surrendering the Card Token to the custodian and requesting shipment of the card to their address. All cards on Dibbs are held by PWCC Vault, LLC, or other third-party custodians which meet the strict requirements set forth in our User and Consignment Agreements.
How you make money
You make money when the value of the card you own (or the fractions of that card that you own) goes up, and you are able to sell your fractions for more than you bought them for.
How Dibbs makes money
Dibbs makes money by charging fees for every trade executed on the platform, as well as for consigned card withdrawals.
Is it safe?
As with any asset, there is always a risk that your investment may not increase in value, and you may not be able to sell your shares for more money than you paid for them.