The HIVE Pegged Token - VAULT

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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.

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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.

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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

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02. Swap at HiveUpme Discounted Bridge
This might be the easiest way to swap VAULT tokens to HIVE or SWAP.HIVE near-instant.

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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.
Delegate Your Precious HP to @HIVEUPME Curator & Earn VAULT / UPME & Free UpVotes

Stay Safe & Enjoy
Contact Me [Discord Channel]
hive hive-engine swaphive discounted-bridge swap vault soft-peg alive leofinance token
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8 comments
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!ALIVE | !BBH | !PGM

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@theguruasia! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @vocup. (1/5)

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Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 15 SBT - 0.1 THG - tokens to @vocup

remaining commands 1

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

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Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444

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Great token! Nice one.

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