What a grade means
A grade answers one question: how much of a $1,000 sale would be lost to price movement?
| Grade | Real backing | A $1,000 sale loses |
|---|---|---|
| A | $1M or more | under 0.1% |
| B | $100K or more | under 1% |
| C | $20K or more | under 5% |
| D | $3K or more | 25% or less |
| F | under $3K | more than 25% |
Grades describe how sellable a token is, not whether its project is good.
Real backing
Real backing is the money a token’s trading pools hold in tokens Svalin trusts, such as NEAR and USDC. A sale can never take out more than that. Only trusted money counts, so pools where fake tokens trade against each other add nothing.
Backing also has to hold for 24 hours. A pool added this morning cannot lift a grade today, and a pool pulled for an hour still lowers it.
Exit prices
Every token also has exit prices: what selling $1K, $10K or $100K of it would actually fetch, how much can be sold close to the quoted price, and the most its whole supply could fetch. They need nothing but an edition’s data, so anyone can recompute them.
Editions you can verify
The Index is rebuilt every few hours by a public workflow. Each edition keeps the exact data it was computed from and a fingerprint of it, and once a day an edition is sealed and never rewritten, so anyone can check that a grade was not changed after the fact. Each edition also records how earlier grades moved since, building a public track record. Every edition is on GitHub.
Proofs on NEAR
The fingerprint of each sealed edition is also published on NEAR’s test network, in the Svalin Registry. GET /v1/proof/{address} returns a token’s grade with a proof that any NEAR contract can check. It is how Svalin Guard confirms a grade before buying.
Try it
Browse every grade on the Index page, or read it from the API at GET /v1/index/near-tokens.