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Introducing Vault12 Community Rewards
Vault12 Blog

Introducing Vault12 Community Rewards

***Updated Leader Board ***


Community Rewards

As announced in the Vault12 Platform white paper, we allocated 80,000,000 tokens to be used over the next five years for Community Rewards. It's time to activate that program and lay out the high-quality activities now and in the future that will enable members of the community to receive Vault Guardian Tokens (VGT) as a reward for helping expand the community and quality of the Vault12 platform.

When we outlined our vision a few years ago, we knew from the start that it would take more than one company or any one team to create a successful distributed secret-keeping platform. Therefore, we planned from the beginning for a moment in the platform's evolution when multiple parties will start contributing value to the platform and earn revenue by operating various parts of the Vault12 stack. To bootstrap that process, beginning next month, we will start rewarding outstanding individuals or teams who have excelled in their support of the Vault12 community.

What are the Rewards?
We will be issuing rewards in the form of VGT every month or quarter to individuals whose high-quality activity is eligible for a reward. Average awards will range from 50,000 VGT to 500,000 VGT, but for truly outstanding achievements we might go beyond these limits.

How can you earn rewards?

There are many avenues to earn community rewards now and in the future. The key questions to consider would be as following:

- Is this genuinely helping the broader community?

- Is this moving a specific product or service forward?

- Is this contributing persistent value to other members of the community or platform customers?

The first activity we need help right away is for quality feedback during the Beta — please enroll in the Beta testing at https://vault12.com/beta. We plan to have Beta award each month, and we'll be announcing our first winners shortly.

Subsequently, once the product is live, we will expand the quality activities which are eligible for rewards to include the following:

- The discovery and reporting of security and other application bugs.

- Helping new community members on social channels

- Offering service as a "professional" Guardian to the wider community.

- Publishing tutorial videos on how to use Vault12 application, serve as Guardians or other aspects of the platform.

- Writing blog posts about the Vault12 app.

- Hosting a professional relay (https://github.com/vault12/zax)

- Organizing a Vault12 Workshop to show people hands-on how they can secure assets in a Vault and assign Guardians.

- Organizing a Meetup — to discuss issues including crypto security and reducing risks in owning cryptocurrencies.

Qualification Criteria

All participants must pass KYC.

Distributions of cryptocurrency are subject to the same KYC/AML requirements as financial transactions and, therefore everyone receiving an award must be identified and pass KYC/AML requirements regardless of where they reside.

A quick word on social media activity — while we love to see lots of activity on social media, for some platforms, posts on topics concerning crypto are still subject to restriction, so we will not be offering community rewards solely for activity on social media.

Considerations for Rewards

Rewards will consist of a distribution of Vault Guardian Tokens (VGT). As these tokens are considered securities under U.S. SEC regulations, they are subject to tax under certain circumstances. For US Residents, we are required to issue a 1099.

While we cannot offer financial advice, depending on the jurisdiction of where you reside, you will need to conform to applicable securities regulations.

*** Leader Board

Community Reward Recipients:

June 2019

M.E., Germany: 500,000 VGT for extensive and detailed testing of the beta Vault12 app.

August 2019

Beta testing Vault12 app
VZ, Belarus: 100,000 VGT
BBB, Ireland: 100,000 VGT
NT, Netherlands: 100, 000 VGT

November 2020

Industry Relations
CLC, US, 100,000

Recover, Back Up, and Inherit Digital Assets

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Pass on your Digital Assets to future generations

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Personal Security for your Cryptocurrency and Digital Assets

Designed to be used alongside traditional hardware, software and online wallets, Vault12 helps cryptocurrency owners, ICO investors, professional cryptocurrency traders, and high net worth investors safeguard their digital assets without storing anything in the cloud or in fact any one single location. This increases the protection and decreases the risks of loss.


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Personal Security for your Cryptocurrency and Digital Assets

Easy to setup, easy to secure, easy to access.

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The Winklevosses came up with an elaborate system to store and secure their private keys. They cut up printouts of their private keys into pieces and then distributed them in envelopes to safe deposit boxes around the country, so if one envelope were stolen the thief would not have the entire key.

Nathaniel Popper, New York Times, December 19, 2017

20% of all Bitcoin is lost forever. That's $20B, in fact, in 2018 alone, $1.1B has been stolen.

Elliott Krause, The Wall Street Journal, July 5, 2018

The idea behind Vault12 is how do we essentially split that responsibility, make that problem of key control less a technological one by essentially making it into a social one with networks of people that they trust.

Terence Spies, former CTO, HP Enterprise, Data Security

Exchanges are the main target for hackers. Those are the biggest honeypots. So the number one rule in Crypto is, do not keep your money on an exchange, and if you're going to custody that money, you need to do it off of the exchange with a product like Vault12.

Joe DiPasquale, BitBull Capital

Security and usability are inextricably linked, the former cannot exist without the latter. Vault12 understands the need for end-to-end management of this experience as well as the importance of integrating into the prevailing crypto ecosystem

Sathvik Krishnamurthy, Founder and Managing Partner, Security Leadership Capital

As we move to a more open financial system driven by advanced blockchain technology and cryptocurrency, we need smarter ways to ensure that the system is trustworthy. Vault12 does this by addressing a foundational need -- ensuring that your crypto assets are not only protected by decentralized security, but also by your trusted inner circle. Your private key never exists in one place or with one entity, reducing risks from hackers as well as everyday accidents.

Vinny Lingham, Entrepreneur and Advisor

Security is the lifeblood of industry, commerce, and leisure. As more people use decentralized applications, they will need a way to back up their crypto wallets and exchange accounts. Vault12 provides a simple and natural way to reduce risks and combat the fear of forgetting seed phrases and private keys.

Jon Callaghan, co-founder of True Ventures

Get started now.

The Vault12 app is now available from iOS and Android app stores.