Always do you own research. CRYO continued for our new users
CRYO UpdateCRYO projects that are abandoned, ownerless or exited. In the eventuality of a project becoming ownerless, which can also be for legitimate reasons, there will be procedure and timeline for guidance, clearly stating the path that will be taken.
GOLD, SILVER, BRONZE Ranked Projects (Ownerless)Once it has been confirmed that a project has been abandoned and the premine and masternodes are on the platform or in the care of VAULT.Investments, the project will be immediately put into maintenance mode, with only deposits permitted and the distribution of rewards will cease. There will be a 14 day period for the original team to get in touch to resolve any issues. If no contact has been made after 14 days the project will have 30 days to find a new owner. If no owner is found the project can be released and delisted at any time following the expiration of the 30 day period. There will be a mandatory freeze of all coins before any restart has been initiated.
CUSTOM Ranked Projects (Ownerless)Following the event that a project becomes ownerless and the premine is not under the care of VAULT.Investments the project will continue as normal for 30 days with all rewards being distributed and deposits and withdrawals open. If the project is still ownerless after 30 days it can be released or delisted at any time after the 30 day period.
Applies to All RanksOnce it is confirmed that a project has become ownerless, VAULT.Investments will do all in its power to secure the project and its assets, including listings and community and act as caretaker during the stated times for expiration. This is to help protect investors and to find a resolution to continue with the project in some shape or form.
After the permitted expiration of ownerless projects they can lose support from VAULT.Investments, including hosting, explorer and listings. The project’s related channels and support can be removed,
including private investor channels.
Ownerless CRYO Projects Takeover Restart PlanBefore a CRYO project is restarted there will be a mandatory freeze of all coins held on the platform. This will help safeguard investors and project owners from bulk withdrawals and provide a fair start and smooth lift-off for everyone.
Frozen Assets/Coins Held On VAULT.Investments PlatformFrozen coins held in CRYO projects on the VAULT.Investments platform remain the property of the account’s owner and can be sold and/or transferred to another user’s account on the platform in their frozen state. Both users should contact VAULT.Investments through our contact form to initiate an internal movement of coins.
The nature of CRYO projects adds a store of value to the frozen coins in user’s accounts. This is due to efforts, time and costs required on the open market to obtain coins in bulk unfrozen to accumulate the passive income that is already being provided daily by frozen bulk coins.
VAULT.Investments does not guarantee, determine or speculate on the value of frozen coins on the platform and these should not be compared with coins available on the open market however due to the scarcity in some cases bulk frozen assets have exceeded market value in sales and transfers to other users due to the passive income they can provide.
If a project is approved for a CRYO extension greater than one year the facility to sell and transfer frozen coins will be provided after the end of the original end date. Applies ONLY to VAULT Coin Project
VAULT coin is a unique project in the fact that after one year it retains a high lock/freeze, which is abnormal for a project where the blockchain remains unchanged and especially of this age without a coin swap and relaunch. This was made possible due to the tokenomics of our blockchain, management of company funds and premine but also with the discipline and belief of our investors when selling their rewards.
VAULT coin was created by investors for investors and has been designed with a stable long term passive income in mind. Through the continued development and evolution of the VAULT project we can provide the essential ingredients to increase demand.
Already due to the scarcity and standing of the VAULT coin project,
we have observed and confirmed that a number of sales have exceeded market value in frozen VAULT coins.