What is EmblemVault ?

4 min readOct 21, 2020

EmblemVault (EV) is a custom Non Fungible Token (ERC-721) that is used to transfer multiple different cryptocurrencies on different networks.

Create, Fund, Swap/Sell/Gift, Hold, Claim (Destroy).

EV is an Over The Counter (OTC) platform, the owner of the EV can sell it for what pairing they wish, currently the application is being built for this purpose, but for the moment it can be bought on any NFT marketplaces like Opensea or Rarible with their supported currencies.

EV is currently working on Ethereum, Polygon, Binance Smart Chain, xDai & Fantom Opera Network’s, with plans to expand to most of the Ethereum Virtual Machine (EVM) Chains.

EV can currently hold the above EVM tokens with their supported ERC20 type tokens as well as digital assets, including ERC721/1155.

It can currently also support Bitcoin, BitcoinCash/SLP, BitcoinSV, Omni Layer, Counterparty, Dogecoin, Digibyte, Wanchain, UBIQ, Avalanche, Celo, Harmony.

How does it Work ?

Upon creation the Seed/Private keys are encrypted, sharded and split apart, to the EV NFT token and to Tor.us key infrastructure.

The encrypted mnemonic phrase creates the blockchain addresses to fund the token, this can be done from native wallets or exchanges. This also shows how anyone can verify the current contents of those addresses before a potential sale. They can then accept the OTC price or counter offer something else.

TL;DR

This is a Sponsored advertisement, when there was only a few cryptocurrencies added to the application

What stops the previous owner using the Private keys ?

Once the ownership has changed the previous owner has no access to the EV. It is required to sign the signature to Claim & destroy the EV within Metamask, if the current owner does so, it is impossible to further send an onward transmission. Each time the owner wishes to see the keys, they must enter Metamask to do so.

What are the Public and Private Vaults ?

The public vaults allow the blockchain address to be seen without a password, the private vaults cannot be seen on any 3rd party site, only on the EmblemVault application site, and only with the password to reveal it.

Does this mean that EV makes all Crypto’s into Privacy coins ?

If a public vault is used it can always be tracked from the outside explorers at the point of creation/claiming, however if the EV is swapped more than once, then those in the middle are untraceable. The outside will see BOB(1) funding the address and BOB(1) moving from it, not knowing it is a completely different BOB(5). A private vaults address/contents are hidden from view, so are unable to be associated with the EVM NFT.

What does it cost to make an EV ?

EmblemVault is owned by Circuits of Value (COVAL) ERC-20 Cryptocurrency token, it costs at present 250 COVALs to make, plus network Gas fees.

It will in the future be using a stable Fuel token set at $1, If using Fuel to it will cost 1.5 Fuel ($1.50), if using Coval or Ether it will cost 3 Fuel ($3).

It is currently on Ethereum and is also getting built on Matic Network, this will enable significantly increased transmission speeds and lower Gas fees.

Why use it at all ?

Although using native Gas fee to send to the EV could prove more expensive than just sending to another address, one EV can store an unlimited amount of Cryptocurrencies that can be sent in one transaction, anyone that has the blockchain addresses can add to it also.

EV does not need to be opened, to see its value and could be held as such, you could exchange an EV and keep it, as, a store of value, even as a wallet.

EV can accommodate other EVs within itself and also other NFTs such as Cryptokitties or Unchained Gods. Whilst it is still an EV only network gas fees are applicable to the movement to enter or exit Ethereum addresses.

The Future !

EmblemVault is capable of holding ALL cryptocurrencies, and each blockchain will be getting added to the application.

EV is also able to hold digital files, Movies, Music, Programs, Pictures as a downloadable link.

A market place is also being developed (NFT2NFT), this will enable all Crypto pairings to have access to each other, for the atomic swaps of EV for EV (sales for payment).

EVM networks added to the chain agnostic application will give a variety of choice to the creator.