Hello Hives,
You might know the VAULT Token. You might hear its pegged mechanism to HIVE as well. But I am going to make a summary of VAULT Token & its usage on the Hive & Hive-Engine platforms as well.
Orginal Source
Sometimes, you might question "why we introduced VAULT" for delegation payments. VAULT is the turning point of our projects. We built financial stability by using this token. We had not enough funds to pay delegation rewards at the beginning of the @hiveupme curation project. So, VAULT let us have a chance to flex our muscles & start the project. Today we are proud to say we own a few tools/projects & token economies.
Orginal Source
01. Sell at TribalDex or Hive-Engine
Orginal Source
02. Swap at HiveUpme Discounted Bridge
This might be the easiest way to swap VAULT tokens to HIVE or SWAP.HIVE near-instant.
Orginal Source
Delegate Your Precious HP to @HIVEUPME Curator & Earn VAULT / UPME & Free UpVotes
Stay Safe & Enjoy
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You might know the VAULT Token. You might hear its pegged mechanism to HIVE as well. But I am going to make a summary of VAULT Token & its usage on the Hive & Hive-Engine platforms as well.
Orginal Source
What is VAULT Token?
The VAULT is hard-pegged to HIVE at 1 HIVE : 10 VAULT ratio. First, we created this token to share @hiveupme curation rewards between delegators. That is the only way of minting VAULT tokens. Therefore, this token could secure the 1 HIVE: 10 VAULT pegged ratio during the last two (2) years.Sometimes, you might question "why we introduced VAULT" for delegation payments. VAULT is the turning point of our projects. We built financial stability by using this token. We had not enough funds to pay delegation rewards at the beginning of the @hiveupme curation project. So, VAULT let us have a chance to flex our muscles & start the project. Today we are proud to say we own a few tools/projects & token economies.
Usages of The VAULT Token?
As we discussed before, the VAULT token issues between @hiveupme delegators as their delegation rewards. There is no other way to mint this HIVE pegged token. But it has few use cases now.- A curation reward sharing token between @hiveupme delegators. (The only way to mint this token)
- A 10% near-instant swap profit sharing token of HiveUpMe Discounted Bridge.
- A near-instant swap token between HIVE || SWAP.HIVE via HiveUpMe Discounted Bridge.
- An alternative payment option for HIVE/SWAP.HIVE.
Orginal Source
How VAULT Hard-Pegged To HIVE?
We provided two options to sell or swap VAULT tokens as follows:01. Sell at TribalDex or Hive-Engine
Orginal Source
02. Swap at HiveUpme Discounted Bridge
This might be the easiest way to swap VAULT tokens to HIVE or SWAP.HIVE near-instant.
Orginal Source
Lowest Fee Discounted Bridge Solution
Hiveupme Discounted Bridge is the lowest fee (0.09% Max) swap solution for Hive <=> Swap.Hive. For more details, please refer to @hiveupme official updates.Stay Safe & Enjoy