This Silver Frax Token represents 0.03% of "The Genesis."

A qualifying offer for The Genesis will result in 6 ETH being paid to the then current holder of this token (net of fees).

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The Blokpax Vault Token for this underlying card is known as "The Genesis" and it is the first ownership token minted to the Blokpax Vault smart contract on Ethereum.

This NFT is a "Silver Frax Token" and represents a 0.03% ownership in the Blokpax Vault Token for the underlying 1986 Fleer Michael Jordan #57 PSA 10 Cert# 50082691.

The physical card is held in a bonded conservatorship by Blokpax.

The Blokpax Vault smart contract is the first of its kind in tokenizing underlying physical collectibles (starting with graded trading cards) and The Genesis token represents a meaningful moment in both NFTs and physical collectibles.

The Genesis Vault Token is now locked and only a valid qualifying 20,000 ETH offer can unlock the Token and transfer it (with full ownership/redemption rights of the underlying 1986 Fleer Michael Jordan PSA 10) to a new owner. If a qualifying offer isn't made in 99 years The Genesis will then be sold to the highest valid offer that the time.

Sale of The Genesis by either method referenced above will result in an immediate pro-rata distribution of all funds received to wallets holding the corresponding Frax Tokens (paid in ETH net of gas fees and a 5% royalty).

Again, since this Silver Frax Token represents a 0.03% ownership interest, the wallet holding this token would receive 6 ETH minus fees upon a qualifying offer for The Genesis. If a qualifying offer isn't made in the first 99 years after The Genesis minting date the wallet holding this Silver Frax Token will receive 0.03% of the highest valid offer as accepted at the time.