The guiding ethos behind DeVault is a commitment to build out a worldwide ecosystem that services all. Various developments and decisions behind the blockchain network are universally designed to make DeVault as accessible as possible.
In a broader context, a major defining characteristic of blockchain technology is a unique capability for the network to generate value for itself. Primarily, this value is deployed as block rewards, and used to reward individuals that propagate and secure the network through various means.
Initially, this played out as miners processing transactions in return for Bitcoin. For its intended purpose, this system works: individuals operate independently to build a secure, decentralized blockchain. However, mining isn’t perfect. It’s energy intensive, inefficient, and inaccessible for the vast majority of users in and around the network.
Staking was introduced as a more efficient, approachable alternative to mining. Through Proof-of-Stake, participants take turns as the network assigns responsibilities to parties at random, corresponding to their stake. In many aspects, staking is better: computational resource barriers are eliminated, which enables a broader user base to participate and earn.
But once again, PoS has a number of shortcomings. If you’re not online, you can’t stake. For the vast majority, having a dedicated server running 24/7 is inconvenient at best. There is a non-zero cost to running these staking nodes, which can nullify the earning potential of smaller holders. Additional requirements, like masternodes and delegates, further increases the barrier to entry.
The Inclusive Income Solution
In order to overcome this “participation barrier”, DeVault implements a unique system called cold rewards. Similarly to traditional staking, cold rewards yields passive coin rewards proportional to the size of the individual’s holdings. Unlike traditional staking, there is no connectivity or work requirement. Users who own DVT earn additional DVT via cold rewards, just for hodling on.
To become eligible for cold rewards, individuals must meet a few simple requirements:
- Users must hold at least 25,000 DVT to qualify.
- DVT must remain untouched in one’s wallet for at least one month (21,915 blocks).
That’s it! Values of DVT at or exceeding 25,000, in the same UTXO for at least a month (or rather, after 21,915 blocks), begin to accumulate cold rewards. The rate of returns varies year by year. Initially, the annual interest rate is 15% for the first year, 12% the second and adjusts annually.
Cold rewards are designed to be all encompassing. At current rates, 25,000 DVT is valued at less than $20, so virtually every member of the DeVault ecosystem is eligible. With no connectivity requirement, users participate simply by holding coins for a period of usually 30 days at a time. In practice, cold rewards enable the network’s value creation to extend to ALL of its users.
Cold rewards additionally work to aid the further growth and expansion of the DeVault ecosystem. As a mechanism for truly passive income, new users may choose to accumulate DVT versus other coins with more strenuous requirements for earnings. Cold rewards also happens to incentivize a ‘hodler’ mentality, which helps to restrict the inflation of DVT to those less likely to put it on the market.
Essentially, cold rewards act as a sort of savings accounts on DeVault, and can be accessed by anyone.
Curious about what #DeVault is? We have a meme for you to get started with:
Ask a few questions in Discord:
Twitter:
https://twitter.com/devaultcrypto
Our Github:
https://github.com/devaultcrypto
Website:
Ps; We are working on a few #HIVE related #DVT giveaways so keep a close eye out, and throw us a follow! Talk soon folks.
First! (I posted it so obviously lmao)
Just wondering what is the intended use case behind devault is and also where its value comes from. What makes ita worthwhile investment.
The rewards are understandable but not sure on the purpose of the token?
DeVault is a fork from the Bitcoin Cash codebase with a focus on being a transactable currency but with the added value of a built in savings account feature essentially.
From there we plan to build business use cases along with expand the onboarding methods built into the project such as more mobile apps, more earning methods for people helping grow the network and other forms of distribution to new users.
Users are also ultimately in control of DeVault, as the DAO functions based off a 1 coin = 1 vote voting system.
Amazing to see DeVault active in Hive. Yep DVT decentralization is killing it😎
Hello!
This is my DVT Wallet:
devault:qr65rns03w42gqv3q0cmke447y6u9ldpkyfhc8whjp
Sent! Thank you for participating.
Thank you! I have received them! Getting familiar with the wallet and this amazing project!
Hi, Welcome is great to see projects like this, thanks so much for sharing it!
here is my DVT wallet addres: devault:qq6s2wfpjk5j36y82z3dp2jh94hhz34c8ghfwkfy5t
Sent! Thank you for participating.
Thanks a lot!
Welcome to Hive.
Success with the project.
My Wallet DVT
devault:qzqqhnw50hd77l866g5w3v5gphscnzdkpsseh3j482
Sent!
Welcome to Hive,
It's great to participate on descentralized projects like the Devault ecosystem, which is the future of our economy.
My DVT wallet:
devault:qz7j8tfkue3wtqmymk9pl05zrp8zft0wk5l6m89cau
Sent! Thank you for participating.
Thank you for the $DVTs, I'll hold them in my wallet.
Welcome to Hive, DeVault, the logic of 1 DVT 1 vote, PoW and no masternode system is really interesting.
DVT:
devault:qzssukesxzg9vwgxjjnsk4sruxqs0hm2pvytz4rqtq
Sent!
Hello, and welcome to hive.
My DVT wallet:
devault:qr50zps2eurdvgq2mklcq4x7zzpzuqlrzcwdr52def
Sent!
Recieved, Thank you very much.
Hello, how does devault benefit artists?
My wallet DVT:
devault:qrpec3y8s8lvmn0esj4lgapcyf0zkexec5gmlrvlr4
Sent!
DeVault would be used in a mostly p2p cash manner but can also be held for longer periods of time in order to receive extra rewards.
I appreciate your answer @decentralizd. I didn't receive DVTs in my southexchange wallet, can you review the transaction please? Hive is a great community for your project.
Hi Can you check your adress ??
we just rebroadcasted the transaction.
https://exploredvt.com/address/devault:qrpec3y8s8lvmn0esj4lgapcyf0zkexec5gmlrvlr4
Kind regards.
Thank you @devault-es. Your explorer looks nice 🙌
This is wonderful! So interesting project about the descentralization. You're welcome here!
My DVT wallet:
devault:qq24grvnkxy5vy89zp3t2uamdzjgydsdyqf6m3wnn7
Sent!
My DeVault address:
devault:qq62xzmy848qwsz3lp9a2v5ngd2eepdcvgt2amdv30
Sent!
Welcome!!, very excited to see you here.
devault:qqpmp4hcy6ak5pzajcgn3yyknx788qrftsae46vlr6
sent
Withdrawal sent! TXID: 432aa072e0b2c47336edbd5c5c325e8cd4fcc9af0ce4f97b0eae5750edee0640
Nice! Will be buying DVT later in southxchange to complete the 25k to start the ColdRewards countdown.
DVT Wallet Address: devault:qzql07hlc2rjtad4l9wrm6z25g0wgdla5umyprnxr5
Withdrawal sent! TXID: 8ce8f7fadecec8de3b10bf8e59ef448ac33907def59da4b57b6330f1042bbafc
Hi, my DVT Wallet:
devault:qz468m4apzxyzmn4av0q36xnd76vjqxxgvjzjvtjjz
Withdrawal sent! TXID: df5662e9d6422ce39e9b7041b4b6dd6681e12dc86b246fe35edb721969589f7b
Thanks!!
I was told about DVT by my friend and WOW I am excited to see this idea and coin grow. Going to incrementally buy 100k coins.
My DVT wallet:
URI: devault:qrx3u2tsjdfe96p30p3awhnalk3lfvel4cqvx3sdzt
Address: devault:qrx3u2tsjdfe96p30p3awhnalk3lfvel4cqvx3sdzt
Welcome to hive!
Success with the project.
I already joined your community!
Congratulations on your first year
My first DVT wallet n.n
devault:qzzh9873l5jgpvgh09l5e3ax7c0lwtqazsd4gek66x
I saw this publication in your discord server.
I share you my Devault address
devault:qpzkhuugjayt73j0gyscf2v73v5nrds6rguaxgxemt
Happy anniversary guys!
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