What is the Dacxi Vault? How can I benefit from it?
Vaulting your Dacxi coins is a great way to earn passive income on your crypto holdings. By vaulting your Dacxi coins, you agree to lock up your tokens for the specified period of time, which you may not transfer or withdraw. The Dacxi Vault will launch on 28th April 2021.
Where is the Dacxi Vault located?
Log in to your Dacxi account, head to the dashboard, and click ‘Vault’ on the left menu.
When is the Dacxi Vault launching? Is there a deadline to vault coins?
There is no deadline to vault your coins but there is a cap of 500 million coins on a first-come-first-serve basis. Once the cap is fulfilled, we will not allow any more coins to be vaulted.
What is the purpose of the Vault system? What is the benefit of Vaulting my coins?
The purpose of the Vault system is to reward our loyal customers and partners. When you vault your coins you will get a bonus which is a percentage of the number of coins you vault. The amount of bonus coins depends on how long you choose to vault your coins for.
What if I want to withdraw my coins during the vaulted period? What is the penalty? Can I withdraw my coins if I change my mind?
The offer is a fixed return for a set period. You cannot withdraw before the maturity date.
What are the current bonus rates?
6 months: 8%
12 months: 10%
Is there a minimum deposit required?
If you have more than 10,000 Dacxi coins you're eligible to use this feature. In order to participate and get the bonus, you have to deposit all your Dacxi coins.
What would be the price of the coin at the time of maturity?
The coin price will not be fixed on the vault start date. The price of the coin is variable, based on the market price, whilst in the vault.
What will happen with the bonus upon maturity?
Bonus coins are payable upon maturity. The full amount in the vault, the capital, and the bonus, will be automatically withdrawn from the vault and transferred into the customer’s Dacxi coin wallet.
What is the market cap?
This Vault feature will only allow for 500 million coins, based on a first-come-first-serve basis.
Will Dacxi Stake my Vaulted coins?
No. Staking involves holding funds in a cryptocurrency wallet to support the security and operations of a blockchain network. In other words, it is the act of locking cryptocurrencies to receive rewards. In most cases, the coins are then lent to traders, however, this is not the case with the Dacxi Vault. All customer coins, plus their interests, will be returned upon maturity.
Will my ‘vaulted’ coins still show as part of my balance when I log in?
The vaulted balance will be shown in your portfolio but not in your wallet.