💷XVR Lock-up Vault

Vault Benefits and FAQs...

VerseX users will benefit from player apartments, by allowing them to have their own private area for relaxation and socialising.

The $XVR lock-up is designed to allow a user to eventually own their own virtual space through a player apartment situated in VerseX.

Users will be able to gain access to their virtual homes, where they will be able to customise textures, colour options, and furnishings. They will also be able to invite their friends over to have parties or social events as well as decorate with some of their VerseX NFTs.

To obtain a home of their own, the user must store a sufficient amount of $XVR tokens in a "lock-up vault" for 12 months, the user will get to use their apartment instantly. In return the user will be given an access card, that can be revoked, that grants them various levels of perks within VerseX.

A specific amount of $XVR must be locked up in order to receive XVR Tier perks.

Lock-up Vault:

• 10,000 - 49,999 $XVR - Bronze Tier - 5% APY.

• 50,000 - 99,999 $XVR - Silver Tier - 12% APY.

• 100,000 - 249,999 $XVR - Gold Tier - 15% APY.

• 250,000+ $XVR - Baller Tier - 20% APY.

Earn interest on your $XVR while taking advantage of a player apartment and other great perks.

Lock-up Vault Explained:

>Upon locking the $XVR to the Vault, the individual will receive the perks listed above. The user will begin to accumalate their $XVR rewards, according to their APY, after the first month of locking-up $XVR.

>Perks are activated instantly from time of staking in order to prevent misuse.

>At the end of the 12-month term the user will be able to collect their $XVR.

Users can remove their $XVR from the Vault at any given time after 1 month from the lock up start date. In the event that $XVR is removed from the vault before the lock up term period has expired, the user will lose all benefits and accumalated $XVR rewards.

If the user completes the 12-month period, they will receive full ownership of their NFT player apartment for their personal residence.

Vault Lock-up FAQ's

When can I take my $XVR out?

Excaclt a month after their lockup start date, the user is able to unlock their $XVR at any time during the lock-up period.

Will I still keep my XVR Perks if I unlock my tokens?

In the event that the $XVR has been withdrawn from the vault, the user will lose all perks associated with his account.

Will it be possible to lock-up my $XVR before the metaverse is released so that I can build my tokens?

For the duration of our building phase, you are still eligible to earn APY % on your $XVR tokens.

What is the procedure for owning the player home as my own digital asset?

If you wish to take control of your player apartment as your own NFT, you must have participated in the Vault Lock-up for at least 12 months.

Will I keep my home if I take my tokens out early?

It is expected that all players who surrender their player cards will receive their purchased equipment back however will not receive their apartment to own.

Keep up-to date with happenings within VerseX with your interactive display unit situated in the heart of your apartment, where you can watch various VX channels, interact with marketplaces, listen to podcasts and much more.