A Buyers Guide to using Emblem Vault on Opensea.io

This guide is to help you understand what to look for, when trading on Opensea, how to make sure you are getting the correct purchase.

Emblem Vault is a custom ERC721 Non Fungible Token (NFT), that allows the creator to assign different types of media representations to the outside of the vault, with different blockchain addresses held within itself.

Spotting the Real from the Fakes

I’m sure you have heard or experienced it yourselves, apeing into something that turned out not to be the thing you wanted.

Real — (Complete)

Identifying Emblem Vault on Opensea

https://opensea.io/assets/0x82c7a8f707110f5fbb16184a5933e9f78a34c6ab/2084451

Firstly starting from the top, The correct title will show ‘Emblem Vault [Ethereum]’ however this doesn't stop other real users trading under their own shopfronts.

The second will show a link back to the the main emblem.finance application.

https://emblem.finance/nft?id=2084451

Different blockchains and NFTs can be placed in the internal addresses, the above shows that it is from XCP Counterparty. In this case clicking on the ‘BTC/XCP/OMNI’ tab will show you the Public address — further clicking it will copy it to your clipboard.

Copy it and go to :- https://xchain.io copy the address into the top right and press enter.

https://xchain.io/address/1DqbxjH4wSvBxnRZuoYyGNL6QJmMHe6eTg

Clicking the Asset ‘RAREPEPEPUMP’ will take you to the main Asset Information screen.

Clicking the Project ‘Rare Pepe’ will that you to the site that proves the authenticity on this project (RAREPEPE). http://rarepepedirectory.com Although the description didn't say (helps to showcase all information) this is Series 9 Card 42.

http://rarepepedirectory.com/?p=1850

Back to Opensea, further down in the description as you scroll down you will see ‘View this NFT on Emblem.finance’ this will take you to the application also, clicking the ‘BTC address’ will open the xchain.io link.

https://opensea.io/assets/0x82c7a8f707110f5fbb16184a5933e9f78a34c6ab/1504791

Clicking the tab on ‘Properties’ shows details based on the NFT, the ‘Rare Pepe’ shows this is authentic against rarepepedirectory, there are, also more different types. Clicking the tab ‘Levels’ shows the XCP asset inside the vault. If there was a ‘Boost’ tab this would be for any cryptocurrency inside the address.

Finding a Emblem Vault without any Levels/Boosts

This does not mean that the vault is empty, rather that it was setup by the creator incorrectly, if you go to the xchain.io address and find the NFT inside, or check the ‘unconfirmed’ tab, then go to the app and refresh the balance.

https://opensea.io/assets/0x82c7a8f707110f5fbb16184a5933e9f78a34c6ab/4296031
https://xchain.io/address/1PDBkgE1p98UGw96ey2xbkEYFLUMV9crM8
https://emblem.finance/nft?id=4296031

On the Opensea page click ‘Refresh Metadata’ wait a few minutes, then refresh the browser.

Then the correct ‘Properties’ and ‘Boost’s/Level’s’ should appear

Real — (Fractionalized)

There are different types of fractionalized NFTs out there, firstly there are fractions of XCP NFTs — spilt downward but reflecting a lower price.

https://news.bitcoin.com/selling-lord-kek-dust-2016-rare-pepe-nfts-see-fresh-demand-going-for-thousands-on-opensea/

Emblem Vault has setup the details to show that they are not complete as shown.

https://opensea.io/assets/matic/0x8b8407c6184f1f0fd1082e83d6a3b8349caced12/119035137

With other great NFT projects out there, one is https://fractional.art which fractions Ethereum NFTs into many ERC20 tokens, including Emblem Vault.

https://fractional.art/vaults/0xd6242E984E6db6B5286FB2c26C69330Da639da12

Real — (Fractionalized) Misleading

Looking at the price on this, it is obvious that they are trying to (not illegally) trick the buyer into paying for a high price. However Emblem Vault having seen this has added additional information against the fractional.art contract ID. Just because one person is misleading buyers, does not spoil it for further trades.

https://opensea.io/assets/0x82c7a8f707110f5fbb16184a5933e9f78a34c6ab/2801

The ‘Levels’ box refer’s to the ‘Eth address’ contents.

https://etherscan.io/address/0xe25149Cd65E2D44fc246ec5a9d70928E1483d4f7#tokentxns

You can also see the blockchain on the emblem.finance application.

https://emblem.finance/nft?id=2801

So the numbers to the above price reflect the below figures.

Fakes

As you can see it is just a mint on Opensea, there is no links to the emblem.finance app, BTC links in the description, or Boosts/Levels

https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/12153780951475678180417228962934089437737031015359864975714406064400701063169

Checking the users account you can see other such fakes

https://opensea.io/NFT_Artizt

Also Emblem Vault’s are ERC721’s — as you can see from the Etherscan ERC1155 do not appear, which these one’s clearly are.

https://etherscan.io/address/0x1adecbd697dcbede66461ae3822e9da931e6a54f#tokentxns

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Circuits of Value Official Telegram room : https://t.me/Coval_Chat

Circuits of Value web page : https://circuitsofvalue.com

EmblemVault application : https://emblem.finance/create

Tokenomics : https://medium.com/@emblem_vault/circuits-of-value-tokenomics-9a0f5d72789b

Crypto Enthusiast