Major announcement - Upcoming Changes to Vault Platform. Good day everyone.
18 Oct 2022, 13:54
Major announcement - Upcoming Changes to Vault Platform
Good day everyone 👋
We have always tried to keep hosting on Vault platform fair, affordable and offered free hosting on a number of coins when they first listed. We hosted all CRYO coins free including VAULT and PAWS hosted free since day 1. We gave 50% costs for using VAULT coin as payment for all chargeable coins
Many of you may already know that Vault Investments generates its funds through the platform via the sale of coin packs and the swap feature. This is to allow us to cover our running costs and support VAULT coin on exchanges with walls and buybacks. When BTC was over $30k this worked well for us and allowed us to build up some reserves for rainy days but it has been raining for too long and our reserves have been sucked up with the rising costs of the majority of our services being paid in fiat requiring more BTC to be generated
It is clearly evident the masternode market has been in decline for quite a while and more recently has suffered further issues and dips. The drop in value of listed coins due to market conditions in the world as a whole has hit us hard for a long time. Many projects have collapsed or took action to try and move with the times by moving away from masternodes and, we have lost a number of these projects due to swaps. Even though we have taken action over the past year delisting a number of projects to provide more longevity to other listed projects, this is still not enough
After a deep review of the masternode space, it is time to start the transition away from masternode hosting with the announcement of more project delistings. VAULT and PAWS are unaffected by the upcoming changes
All masternode coins with the exception of PAWS and VAULT will be delisted starting with the following projects on Tuesday October 25th
All Safe
Konjungate
Safe Deal
Phore
Could all holders of the above projects please withdraw those coins from VAULT platform as soon as possible. We will take note of any remaining holdings and they can possibly be retrieved in the future by submitting a support ticket
We would like to wish all our listed projects success in their future endeavours
Update to follow on the future path for Vault Plafform
VAULT Investments Team ❤️