Twitter: @TheVaultDAO
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Greetings Chiefs!
Imagine you are in January 2022 again, and you have got some WL tokens of a project that you are not going to mint but there are people who are interested in the project and are ready to offer you some money to get that WL token. But you can’t just sell your token because there is no medium. The one thing that comes into the picture now is “TRUST”. You have to trust the other person that he/she is not a fraud. Famous Fox Federation saw this problem and they built a token market which made the life of many users like you and me easier. But what if you want to trade more than tokens?
Vault-X is a decentralised application that protects both buyers and sellers in a deal and eliminated scams, transactional fraud and bad debt.
The mint details are as follows:
Supply: 3333
Cost: 0.9 Sol
Time: 2:55 pm UTC (OG Sale) | 3:10 pm UTC (WL Sale) |
3:55 pm UTC (Public sale)
Now let us go into details:
Concept: Vault-X allows a buyer and a seller to create a unique contract in less than a minute every time they want to do an over the counter trade. If you have ever used Binance P2P you can understand what I am saying.
If you are a buyer: Simply log in with your Solana-supported wallet and send a connection request to the seller. The seller then accepts the connection request and you can have a conversation with the seller as well using their messaging feature and discuss the terms for the work order & agreement. Once the terms of the agreement are ratified by both the parties the seller will deposit the NFT or token or whatever the agreement is for and the buyer will pay for it and both the parties get their respective belongings.
What if you wanted to use someone's service? Let's say you want someone to act as a MOD in your project. Then you as a buyer will describe the terms of conditions of the contract and the tasks that need to be completed before the payment will be made. The seller of the service can also propose to modify some conditions. After the said conditions are completed by the seller the buyer will review it and then make the payment.
What if the buyer won’t pay the seller after using his services?
Here the resolution protocol comes into the picture. In case of dispute, Juries from their resolution protocol will verify the deliverables with the requirement and offer the verdict.
Roadmap: They have a very extensive roadmap and have planned a lot of things in order to provide utility to their holders.
- A revenue share of 50% will be given to holders who stake the Guards.
- The Staking for the holders will start after the mint and the holders will receive their utility token $VAULT. What is the use of this token? First in First, you will get a 10% discount when you use their native token for making the payments. Staking will also give you a chance to participate in the resolution protocols as a jury member and there you will be able to earn some money from the arbitration.
- You will be able to create a Master guard by using their fusion service, this will need some $VAULT. A Master Guard will be able to earn more revenue share and Voting Power
Apart from this, they have planned to launch a marketplace for buyers and sellers by Q3 of 2022. And they have also mentioned launching a DAPP for android and IOS.
Art: It is certainly not a pfp project. However, they have done some great job in making their NFTs. Apart from the art of the NFT, the website they have designed is just too good. It shows how much work they have put into it.
Engagement: As I said above, they are the underdog play of today. They are not getting that great of an engagement right now because of which their tokens are getting sold for less than 0.1 sol on the secondary market.
To conclude, I see them as a great play purely based on the problem they are trying to solve. I really liked their roadmap and the things they have planned and the utilities they are going to provide for their holders. I won’t judge them based on the hype they are getting right now because this is more than just a pfp and a staking project.
I would rate them 3/5 because I want to see them build what they have promised.
As always DYOR.
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Thank You!
