Coval crypto, or Circuits of Value, is a cryptocurrency and a platform that enables users to create and trade custom combinations of tokens and non-fungible tokens (NFTs) in a single, tradable token called a Vault. Coval crypto operates on the Ethereum blockchain and uses the COVAL token as its native currency.
What is a Vault?
A Vault is a token that represents a bundle of other tokens and NFTs. For example, a Vault can contain ETH, ERC-20 tokens, and NFTs from different projects and platforms. A Vault can also have its own name, symbol, logo, description, and metadata. A Vault can be created by anyone using the Emblem app, which is the user interface for Coval crypto.
What are the Benefits of a Vault?
A Vault has several benefits for its creators and traders, such as:
- Convenience: A Vault allows users to store, manage, and trade multiple tokens and NFTs in one place, without having to deal with multiple wallets, platforms, or transactions.
- Efficiency: A Vault reduces the gas fees and transaction times associated with transferring multiple tokens and NFTs individually.
- Privacy: A Vault conceals the identity and value of the underlying tokens and NFTs from external observers, unless the creator or owner decides to reveal them.
- Creativity: A Vault allows users to express their personality, preferences, and style by customizing their token bundles and adding unique features and attributes.
- Profitability: A Vault can increase the value and demand of the underlying tokens and NFTs by creating scarcity, exclusivity, and novelty.
How to Create and Trade a Vault?
To create a Vault, users need to follow these steps:
- Download the Emblem app from the official website or from the Google Play Store.
- Connect an Ethereum wallet that supports ERC-20 tokens and NFTs, such as MetaMask or Trust Wallet.
- Select the tokens and NFTs that you want to include in your Vault from your wallet or from the Emblem marketplace.
- Customize your Vault by choosing a name, symbol, logo, description, and metadata.
- Pay a fee in COVAL tokens to mint your Vault on the Ethereum blockchain.
- Share your Vault with others or list it for sale on the Emblem marketplace.
To trade a Vault, users need to follow these steps:
- Browse the Emblem marketplace for available Vaults that match your criteria and budget.
- Place a bid or buy a Vault directly using COVAL tokens or other supported cryptocurrencies.
- Receive your Vault in your Ethereum wallet or in the Emblem app.
- Unpack your Vault to access the underlying tokens and NFTs or keep it as it is.
What is the COVAL Token?
The COVAL token is the native currency of Coval crypto. It has several functions and uses, such as:
- Governance: COVAL holders can vote on proposals and decisions that affect the development and direction of Coval crypto.
- Utility: COVAL tokens are required to create Vaults and to access premium features and services on Coval crypto.
- Rewards: COVAL tokens are distributed as rewards to users who provide liquidity, referrals, feedback, or other contributions to Coval crypto.
Conclusion
Coval crypto is a platform that enables users to create and trade custom combinations of tokens and NFTs in a single, tradable token called a Vault. Coval crypto operates on the Ethereum blockchain and uses the COVAL token as its native currency. Coval crypto offers several benefits for its users, such as convenience, efficiency, privacy, creativity, and profitability. Coval crypto is one of the most innovative and versatile platforms in the DeFi space, and it is worth checking out for anyone who wants to explore new possibilities with cryptocurrencies.
