Starbucks carries roughly $1.8B in unredeemed gift card liabilities. Unlike bank deposits, these aren't insured. When they expire, they become company profit. Users have no way to verify this balance is safe.
TonPass fundamentally changes this structure.
Pre-funded backing, fully-backed issuance
TonPass funds its backing reserve before a single card is issued. Fund $100M, and up to $100M of cards can be issued β issuance can never exceed the funded backing. When a user buys a card, the USDT flows into the published Master Wallet address, and anyone can check the balance on any block explorer at any time.
The Master Wallet is a working payment reserve: it pays out redemptions and wallet transfers, fees are settled from it, and the remainder is operated by the company. One promise never changes β reserves always meet or exceed the total face value of cards issued, 1:1, at all times.
A transparent fee model
TonPass has two revenue streams only: issuance fee and redemption fee β both settled transparently from the Master Wallet.
- Online issuance fee 3% β charged at purchase
- Offline issuance fee 7% β includes physical card production and shipping
- Redemption β no extra TonPass fee. The chosen chain's network gas (TRON/ETH/BNB/SOL/TON) is deducted from the redeemed amount
Legal structure and quarterly audits
TonPass GC Ltd. (BVI) issues the cards; TonPass Pte. Ltd. (Singapore) operates the technology. Quarterly proof-of-reserves reports are published.
βTransparency isn't a feature. It's a precondition. If users can't verify the balance, it isn't a wallet.β
