VAULT (VAULT) is a token that focuses on crypto traders. The token is backed by Bitcoin, including utility and stability with a minimum guaranteed price. Furthermore, the VAULT coin was created with the aim to serve as a store of value and to be easily utilized as a utility coin in real-world payments, thus seeking to provide custom-built as well as secure transactions and hosting.
According to the whitepaper, VAULT is based on a unique feature called CRYO to perform freezing (locking) of assets held in each VAULT platform user's personal account. The process is simplified since the users do not need external wallets or connect browser extensions. Once frozen, CRYO VAULT coins produce the same staking rewards as standard VAULT coins on the platform. However, the main difference is that CRYO VAULT coins are frozen indefinitely and cannot be taken off the platform. Consequently, the coins only moved around on the platform among the VAULT users.
The native token for VAULT is "VAULT." The VAULT coin seeks to offer long-term passive income and a potential retirement fund. Moreover, there aim to be additional benefits of trading in VAULT coins, including private community channels for various CRYO VAULT coin holders.
VAULT coin aims to offer a no-maintenance introduction to passive income along with lifetime complimentary hosting for the coin on the VAULT platform. Also, holders of VAULT coins on the VAULT platform do not need to manage their wallet updates or perform other maintenance, as such activities are taken care of by the team. The token aims to be a "set and forget" trading platform where the users can check their balances with full staking rewards and transaction history.
