Contents
Vault12 Blog
Introducing Vault12 Community Rewards
***Updated Leader Board ***
November 15 2021
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
https://www.linkedin.com/company/vault12
https://twitter.com/_vault12_
Next Up From Vault 12
Discover more
Vault12
Social Recovery Vault for Digital Asset Security + Digital Inheritance for protecting the future of money.
Inheritance: Get ready today.
Vault12 Digital Inheritance is the first solution to deliver an effortless and secure method for transferring a variety of digital assets — including Bitcoin (BTC), Ethereum (ETH), other cryptocurrencies, and data — to future generations.
This innovative system enables users to appoint either a person or a mobile device as a guardian. The designated guardian is entrusted to protect the user's comprehensive collection of digital assets, encompassing seed phrases, private keys, and other confidential information, safely stored within a decentralized digital Vault.
This process not only mitigates potential risks but also removes the necessity for regularly revising asset inventories or modifying instructions, which often leads to breaches in privacy.
Secure Decentralized Backups and Storage.
Designed to be used alongside traditional hardware, software, and online wallets, Vault12 Guard helps cryptocurrency owners, safeguard their digital assets without storing anything in the cloud or in fact, any one single location. This increases protection and decreases the risks of loss.
Note:The Vault12 Guard app is not a crypto wallet and does not hold cryptocurrency. Using a non-custodial approach, a digital Vault safeguards your Bitcoin or Ethereum wallet seed phrases, private keys, and other essential data.
The Vault12 Guard app enables secure decentralized backups and provides inheritance for all your digital assets, including Bitcoin, Ethereum, crypto wallets, and other digital data.
Collectors, ensure your Art is protected for the future.
Whether your digital art is suitable for a phone, or represents much higher resolution multimedia, make sure that you have backed up a copy in case the resource link is disrupted in the future. Digital art can easily be added to the Vault either via the mobile app or via the desktop utility. Once you have stored your artwork in your Vault, it will also benefit from inheritance once you activate that in your app.
Protect your home and family's data.
Whether you are at home or away, make sure that essential data about your home and family - including IDs, medical records, insurance information and home safe combinations - is backed up and available at your finger tips.
With a secure decentralized backup Vault, you can ensure that, in any event, you always have access to important information, wherever you are.
Learn
Step-by-step guides for setting up your digital Vault and adding assets, inheriting and restoring Vaults. Vault12 Guard helps you inherit and back up all assets stored in your Vault, including Bitcoin, Ethereum, crypto, private keys, seed phrases, digital wallets, and essential home & family data.
Vault12 Digital Inheritance is the first solution to offer a simple, direct, and secure way for all types of investors to ensure that all of your digital assets can be accessed by future generations.
The Vault12 platform provides protection, backup resilience, and security to your digital assets. Vault12 Digital Inheritance enables you to designate a beneficiary (an executor, trustee, or other chosen beneficiary) who can inherit the entire portfolio of digital assets that you choose to store in your Vault. There is no need to continually update an inventory or to issue updated instructions.