VLT

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Post is by: GlitteringBeing9249 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/XelisVault/comments/1w2f5v8/how_points_and_the_500000_vlt_airdrop_will_be/ A total of 500,000 VLT, representing 5% of the total supply, has been allocated to qualified participants. Rewards will not be fixed: **each allocation will depend on the number of points earned.** **How Can You Earn Points?** Oracle / XelisVault Miner ● 1 point for each valid price submission, capped at **1,000 points per day**; ● 50 points per hour of runtime. XelisVault miners provide services to the protocol. They are different from the Proof-of-Work miners securing the XELIS blockchain. **Relayer** ● **10 points** per valid anchor containing at least five messages, **capped at 500 points per day;** ● **200 points** per day of uptime. Governance ● **50 points** per vote; ● **500 points** per proposal created. **VaultChat** ● **1 point** per message, capped at 100 points per day; ● **100 points** per group created. **Liquidity** ● **10 points** per XEL deposited into a liquidity pool, vault or the PSM. **Bug Bounty** ● Critical bug: **5,000 points;** ● High-severity bug: **1,000 points;** ● Medium-severity bug: **200 points.** **Community Contributions** Points may also be awarded manually for useful off-chain contributions: ● Helpful Discord contribution: 50 points; ● Documentation or tutorial: 200 points. # What Are the Eligibility Requirements? To qualify for the distribution, participants must: ● Accumulate at least 1,000 points; ● Be active on at least seven different days, which do not need to be consecutive; ● Register a mainnet address before the campaign closes. Participants who are active across at least three different categories will automatically receive a 25% bonus on their total points. The documentation also mentions “Early Miner” and “High Reputation” bonuses, but these are not yet automatically integrated. They should therefore not be considered guaranteed. # How Will the 500,000 VLT Be Distributed? Once the campaign ends, points will be frozen and the eligibility requirements will be checked. The following formula will be used: User’s points ÷ total points held by all qualified participants × 500,000 VLT For example, if one participant holds **1% of all qualified points,** they will receive **1% of the allocation**, **equal to 5,000 VLT.** This is not a lottery. Each participant’s allocation will directly reflect the weight of their contribution relative to the final total. # How Will Abuse Be Managed? The AirdropTracker contract includes several mechanisms: ● Daily caps to limit spam; ● Manual point additions or deductions with a recorded reason; ● Disqualification of abusive participants; ● Reversal of a disqualification; ● Exceptional qualification of a valuable contributor; ● Custom multipliers in justified cases; ● A governance-based dispute process. Scores, the number of qualified participants and final allocations will be publicly verifiable. # How Will Participants Claim Their VLT? After the campaign is finalized: 1. The final allocation list will be generated; 2. The distribution file will be published on GitHub and IPFS; 3. A Merkle root will be recorded to make the allocations independently verifiable; 4. Each qualified participant will be able to claim their VLT on mainnet using a Merkle proof; 5. The claim period is planned to remain open for **six months.** The system is designed to make the distribution proportional, transparent and resistant to double claims. Official sources: * [https://github.com/XelisVault/xelis-vault/blob/main/docs/AIRDROP\_PLAN.md](https://github.com/XelisVault/xelis-vault/blob/main/docs/AIRDROP_PLAN.md) * [https://github.com/XelisVault/xelis-vault/blob/main/docs/ENTRY\_IDS.md](https://github.com/XelisVault/xelis-vault/blob/main/docs/ENTRY_IDS.md) * [https://github.com/XelisVault/xelis-vault](https://github.com/XelisVault/xelis-vault) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

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Post is by: Rogstrix445 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/Crypto_Currency_News/comments/1w1o3qa/why_privacy_could_change_defi_the_xelisvault/ On most DeFi protocols, nearly every action is public: the amount deposited, the debt taken on, the swaps performed, the liquidity provided and sometimes even a user’s liquidation threshold. This transparency makes blockchain activity verifiable, but it can also expose a user’s entire financial strategy. A trader may not want competitors to see the size of a position. A company should not have to reveal its complete on-chain treasury. An individual should not become a target simply because their wallet contains a significant amount of funds. This is the problem XelisVault is attempting to address. # What is XelisVault building? XelisVault is an independent DeFi project built on the XELIS blockchain. It is not developed by the XELIS core team. The protocol aims to offer several interconnected services: * deposit XEL as collateral and borrow xUSD; * repay debt and withdraw collateral; * swap XEL, xUSD and VLT; * provide liquidity; * participate in governance; * access lending, oracle and savings mechanisms; * use privacy-oriented tools designed to reduce links between addresses. The project already has substantial open-source development, testnet deployments and documented transactions. Several operations — including collateral deposits, borrowing, repayments, swaps and PSM minting — have reportedly been tested. That makes XelisVault more than a simple whitepaper. However, it remains an experimental protocol. # Where does the privacy come from? XELIS provides an interesting foundation through encrypted balances, confidential transaction amounts and cryptographic primitives available to smart contracts. In principle, this could allow DeFi applications to reveal less financial information than protocols running on fully transparent blockchains. Bots, competitors, wallet trackers and potential attackers would have fewer details to analyse or exploit. However, native blockchain privacy does not automatically make every smart-contract interaction private. In the current XelisVault testnet implementation, some contract data — including certain vault positions and mixer-related metadata — can still be stored or retrieved publicly. The protocol should therefore be described today as DeFi built on a privacy-oriented blockchain, rather than as fully confidential DeFi. Making positions, collateral amounts, debts and address relationships genuinely private remains one of the project’s most important technical challenges. # Transparency without exposing everything Privacy does not have to mean an unverifiable or opaque protocol. XelisVault’s code is open source, its rules can be inspected and transactions can still follow verifiable smart-contract logic. The objective is not to hide how the protocol works, but to avoid exposing more personal financial information than necessary. This balance — verifiable rules with more confidential user data — could become one of the most valuable applications of privacy technology in DeFi. # An ambitious project that still has to prove itself XelisVault has promising ideas and visible development activity, but it is not yet ready for real funds. The protocol still needs: * a professional independent security audit; * stronger privacy for smart-contract positions; * extended testing of liquidations, oracles and xUSD stability; * a genuinely multisignature treasury and more decentralized governance; * stress tests during severe XEL price declines; * a sustained period of testnet operation without critical incidents. The public testing campaign is scheduled to begin on August 30, 2026. Participants should use a dedicated testnet wallet that has never contained real funds or shared a seed phrase with a main wallet. Any mainnet launch previously targeted for Q4 2026 should be considered an objective, not a guaranteed date. Security and stability should determine the timeline. # The bottom line XelisVault explores an important idea: DeFi users should not have to publish their entire financial lives simply to access lending, trading or liquidity services. Its first-mover position within the XELIS ecosystem and the amount of development already completed make it a project worth testing and following. But the distinction is essential: The privacy vision is compelling. The infrastructure is being built. Full confidential DeFi has not yet been demonstrated. That is precisely what the upcoming testnet must help XelisVault prove. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

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Post is by: GlitteringBeing9249 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/XelisVault/comments/1w1iqw4/why_privacy_could_change_defi_the_xelisvault/ On most DeFi protocols, nearly every action is public: the amount deposited, the debt taken on, the swaps performed, the liquidity provided and sometimes even a user’s liquidation threshold. This transparency makes blockchain activity verifiable, but it can also expose a user’s entire financial strategy. A trader may not want competitors to see the size of a position. A company should not have to reveal its complete on-chain treasury. An individual should not become a target simply because their wallet contains a significant amount of funds. This is the problem XelisVault is attempting to address. # What is XelisVault building? XelisVault is an independent DeFi project built on the XELIS blockchain. It is not developed by the XELIS core team. The protocol aims to offer several interconnected services: * deposit XEL as collateral and borrow xUSD; * repay debt and withdraw collateral; * swap XEL, xUSD and VLT; * provide liquidity; * participate in governance; * access lending, oracle and savings mechanisms; * use privacy-oriented tools designed to reduce links between addresses. The project already has substantial open-source development, testnet deployments and documented transactions. Several operations — including collateral deposits, borrowing, repayments, swaps and PSM minting — have reportedly been tested. That makes XelisVault more than a simple whitepaper. However, it remains an experimental protocol. # Where does the privacy come from? XELIS provides an interesting foundation through encrypted balances, confidential transaction amounts and cryptographic primitives available to smart contracts. In principle, this could allow DeFi applications to reveal less financial information than protocols running on fully transparent blockchains. Bots, competitors, wallet trackers and potential attackers would have fewer details to analyse or exploit. However, native blockchain privacy does not automatically make every smart-contract interaction private. In the current XelisVault testnet implementation, some contract data — including certain vault positions and mixer-related metadata — can still be stored or retrieved publicly. The protocol should therefore be described today as DeFi built on a privacy-oriented blockchain, rather than as fully confidential DeFi. Making positions, collateral amounts, debts and address relationships genuinely private remains one of the project’s most important technical challenges. # Transparency without exposing everything Privacy does not have to mean an unverifiable or opaque protocol. XelisVault’s code is open source, its rules can be inspected and transactions can still follow verifiable smart-contract logic. The objective is not to hide how the protocol works, but to avoid exposing more personal financial information than necessary. This balance — verifiable rules with more confidential user data — could become one of the most valuable applications of privacy technology in DeFi. # An ambitious project that still has to prove itself XelisVault has promising ideas and visible development activity, but it is not yet ready for real funds. The protocol still needs: * a professional independent security audit; * stronger privacy for smart-contract positions; * extended testing of liquidations, oracles and xUSD stability; * a genuinely multisignature treasury and more decentralized governance; * stress tests during severe XEL price declines; * a sustained period of testnet operation without critical incidents. The public testing campaign is scheduled to begin on August 30, 2026. Participants should use a dedicated testnet wallet that has never contained real funds or shared a seed phrase with a main wallet. Any mainnet launch previously targeted for Q4 2026 should be considered an objective, not a guaranteed date. Security and stability should determine the timeline. # The bottom line XelisVault explores an important idea: DeFi users should not have to publish their entire financial lives simply to access lending, trading or liquidity services. Its first-mover position within the XELIS ecosystem and the amount of development already completed make it a project worth testing and following. **But the distinction is essential:** The privacy vision is compelling. The infrastructure is being built. **Full confidential DeFi has not yet been demonstrated.** That is precisely what the upcoming testnet must help XelisVault prove. **Official resources:** * [GitHub - XelisVault/xelis-vault: Confidential Lending Protocol on XELIS BlockDAG — First private overcollateralized lending · GitHub](https://github.com/XelisVault/xelis-vault) * [Cryptography](https://docs.xelis.io/features/smart-contracts/cryptography) * [Security — XELIS Vault](https://xelis-vault-website.vercel.app/security) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

martyrobbinz88

No such thing buddy, good luck. Gambling on shitcoins is no different from putting that last $50 into a VLT.

urnotpatches

If you look hard enough, you will find people who are against pretty well against everything that might put your money at risk. Don’t buy Bitcoin. Don’t buy stocks Don’t play VLT’s Don’t play bingo Don’t go to Vegas Don’t go to the horse races Don’t bet on sports Don’t buy lottery tickets Lock your door, turn off the lights, turn off your computer, turn off your TV, sit in a corner and wrap your arms around your money until you die. Some people just don’t get it. We take all these risks with our money because we love the rush. We love the excitement. We love dreaming of the possibilities and wealth that winning can bring. Win or lose, each day we live with the excitement of not knowing. As far as I’m concerned, if you’re paying your bills, not hurting anyone else with your gambling inclinations, and well aware of the risks involved with your choice of how you want to live your life then…….. Full speed ahead and damn the torpedoes!

Slainte042

Rookie mistake by Google. They actually published GIF on their twitter with a wrong answer by their AI bot BARD. Like they didn't even care to check the factuality before posting LOL ​ >In the advertisement, BARD is given the prompt: "What new discoveries from the James Webb Space Telescope (JWST) can I tell my 9-year old about?" BARD responds with a number of answers, including one suggesting the JWST was used to take the very first pictures of a planet outside the Earth’s solar system, or exoplanets. This is inaccurate. The first pictures of exoplanets were taken by the European Southern Observatory’s Very Large Telescope (VLT) in 2004, as confirmed by NASA.

Cptn_BenjaminWillard

Yeah, I agree, that's stupid. And frustrating to see people gambling away their welfare cheques on VLT's. But that's "entertainment."

Rcroy14

Don't encourage a gamblers philosophy 😆 I was agreeing with the original commenter about not selling when your under your OG buy in value. You should only be risking what you can afford to anyway. What the difference with a gambler? I could double up my net worth if I put my bank account into slots? If I hold until my personally allocated threshold isn't that the same as spinning your big win down at a VLT? Take your winnings where you can man and don't risk what you can't lose. No real way to defend what im arguing against

shura001001

On Valentine's Day, Finance is raffling off $500,000 worth of cryptocurrency! All you need to do is follow the referral link. Give love! https://www.binance.com/ru/activity/referral-entry?fromActivityPage=true&ref=LIMIT\_VLT7AAE8&utm\_campaign=web\_share\_copy

OneTonTommy

Heck no it won't. It is accelerating. Paid-to-play games make it worse because now you have an even more addictive drug. $10 for 1,000 spins that end up "making" you $0.20. Not sure if you have ever seen Trailer Park Boys but it is basically Ray justifying his addiction to VLT's.

UniqueShiller

📣📣📣📣📣📣📣 Secure your $VLT now!!! Just few hours left before the launching 🔥🔥 👇👇👇👇 http://bit.ly/VLTPresale 👆👆👆👆 https://t.me/VaultWallet\_Official/20156

PearTreeGaming

Hmmm I wonder if Konami plans to have any stake in that game? They make VLT products for real world casinos so...

lightbulb_butt

COUNTDOWN TO V2 -- [https://countingdownto.com/countdown-pages/VLT1SDgm](https://countingdownto.com/countdown-pages/VLT1SDgm) DD: Coingecko: [https://www.coingecko.com/en/coins/dracula-token](https://www.coingecko.com/en/coins/dracula-token) CMC: [https://coinmarketcap.com/currencies/dracula-token/](https://coinmarketcap.com/currencies/dracula-token/) Github: [https://github.com/Dracula-Protocol](https://github.com/Dracula-Protocol) Solidity Finance audit: [https://solidity.finance/audits/Dracula/](https://solidity.finance/audits/Dracula/) LINKS: Hackernoon articles: [https://hackernoon.com/defi-vampirism-draws-first-blood-as-dracula-protocol-upgrades-to-v2-gq7y339g](https://hackernoon.com/defi-vampirism-draws-first-blood-as-dracula-protocol-upgrades-to-v2-gq7y339g) [https://hackernoon.com/dracula-protocols-growth-hacking-tricks-a-crypto-marketing-story-303y335q](https://hackernoon.com/dracula-protocols-growth-hacking-tricks-a-crypto-marketing-story-303y335q) Podcast interview with one of the devs, HIGHLY RECOMMEND LISTENING: [https://www.youtube.com/watch?v=4h0R\_VzkDaI](https://www.youtube.com/watch?v=4h0R_VzkDaI) COMMUNITY: [https://www.reddit.com/r/Draculaprotocol/](https://www.reddit.com/r/Draculaprotocol/) [https://www.linkedin.com/company/dracula-protocol](https://www.linkedin.com/company/dracula-protocol) [https://www.joinclubhouse.com/club/dracula-protocol-clu](https://www.joinclubhouse.com/club/dracula-protocol-clu) [https://discord.gg/7JgByFU](https://discord.gg/7JgByFU) [https://twitter.com/DraculaProtocol](https://twitter.com/DraculaProtocol) [https://medium.com/@DraculaProtocol](https://medium.com/@DraculaProtocol)

ttoruss

lol ur promoting the wrong vault my guy... check out $VLT by thecurrent.io which has been around for months as zigmund mentions, with actual launchpad usecase and a rising pricefloor with every single transaction, team is very solid on this one and mcap is around 1,5m

zigmundfraud

Vault already exists. It's called VLT and has been around for MONTHS. Way to swaggerjack, guys. (Check over at [https://t.me/vlt\_hedgehog](https://t.me/vlt_hedgehog) if you don't believe me.) It is a Vault-based **actual** deflationary token with a rising price floor. 100k VLT at launch, over 18k burned - no mint function. The Vault's (it's named after the reserve) current balance is at around $573,300 making the swap value roughly $7.30 per token. It gains value with *every. single. transaction.* [https://thecurrent.io](https://thecurrent.io)

medgarrix

i watched BTAP ido there, went pretty smooth and did 3x same day, wish i had got in although i hold 50+ VLT :D

hedgetech_fi

https://trustlaun.ch - if you're trying to avoid rugs. Also, check out VLT before it's listed on gecko.

PK_Subban1

really fan of the BSC launchpad this uses (VLT at hedge tech). Bought this for the free defi pump. Team is KYC’d which is rare for BSC.