Frequently asked questions

If the answer to your question isn't here then please ask it in our Telegram Group and we'll do our best to answer.

Store your NFT's in our vaults and they will get $Dusty.

Who am I?

Very existential! You have bought a bunch of pretty pictures (NFT's) because you read a tweet from a stranger telling you they would go to the moon you have done extensive due diligence and believe in the artistic integrity and the long term viability of the project. However, currently the rest of the world hasn't caught up and the values are languishing. You have decided to put them in storage and earn some money off them in the meantime.

How does it work?

We are a safe, boring NFT vault. That is very $Dusty. You can pay us to store your NFT’s for the next year. We’re going to lock them in an old vault and keep a watchful eye on them. Like anything put in storage it will get $Dusty over time. In fact at the end of 12 months you can withdraw your NFT, plus your original funds, plus all your accumulated $Dusty tokens.

1 - Connect your wallet

2 - Ensure you’re on the right network

3 - Make sure you have some $Dusty tokens in your wallet

4 - Select the NFT’s in your wallet that you want to store

5 - Select how much you want to pay / receive (the more you pay for storage, the more $Dusty you receive)

6 - Set & forget. They’re in storage now, leave them alone and come back in a year.

Do I have to transfer ownership of my NFT’s to DustyVaults?

No, they remain in your wallet the whole time. When you ‘store’ your NFT’s with us, we make a record of your wallet address. At the end of 12 months, when we send you all the $Dusty you have earned, or airdrop you any bonuses throughout the year, we check your wallet. If the NFT is still there you will receive them. If you have sold it or transferred it to another wallet you are no longer eligible.

How much will I make?

Up to you, the more you spend on storage the more $Dusty tokens you will receive in 12 months time. The least is 1%, the maximum is 50% but the price of $Dusty will also impact your earnings.

I can get higher APR’s elsewhere!

At a certain point in every art collectors life you realise 2 things:

1. Your art/NFT is worthless as long as it’s sitting in your wallet doing nothing

2. Trying to find the best returns in crypto is like playing whack a mole but with less satisfaction and more rugs. Sometimes it’s nice just to put an asset to work and forget about it for a year.

Can I withdraw my NFT within the 12 months?

You can, but we don’t like it. It involves effort on our part and messes with our algorithms, so you will lose 100% of the fees you paid and any earned $Dusty tokens. However, we recognise the value of your NFT’s might well increase significantly over the course of the year and you may decide it is well worth it. Your call. If you’re happy with those terms just select your stored NFT’s and click ‘Dust ‘em off and remove from storage’.

What happens to my fees if I withdraw?

At the end of 12 months, we will send you back your initial $Dusty, plus all the extra $Dusty you have earned, plus any bonuses. Your $dusty and your NFT are now removed from the vault. You can either restake it and play again, or you can sell.

What happens at the end of 12 months?

We automatically send the NFT + $Dusty back to their wallets, airdrop style

A friendly admin is asking for my seed phrase.

Please don’t. Never ever.

Will you be doing airdops?

The plan is to periodically reward people who are still storing NFT’s in our vaults. We may occasionally send you $Dusty but also our partners, who value diamond handed people like yourself, might also want us to send out some goodies in the form of NFT’s or their own tokens from time to time. Gotta be in it, to win it!

Should I speculate on the $Dusty Token?

Are you seeking financial advice from a dusty vault FAQ? That would be a bit silly.

Here are the tokenomics, make your own decisions

There are 10m $Dusty Tokens.

3m are reserved for the team that built and maintained this and a couple of early investors. They are locked up for 12 months from launch and then can only sell a maximum of 10% of daily volume each day after that.

3m are unlocked in Treasury

3m is the reward pool. This is the sweet, sweet $Dusty that rains down upon your stored NFT’s.

1m is for marketing.

Some of this treasury will be used to provide liquidity for Dex’s and to support the Token.

For the first 12 months there will be only buy side and liquidity provided by the Treasury and some mercenary marketeers. Speculators may try to manipulate the price, but the majority of tokens will either be in Treasury or locked up in storage for the first 12 months.

However, the real buy side will begin in the second 12 months, when our more cautious clients are reassured that original clients have been able to extract their NFT’s, their initial stake and their pile of $Dust. This new buy side will significantly increase the liquidity in the project.

What do you do with the funds?

The first responsibility of the treasury is to build the treasury funds so that if necessary we can buy back our $Dusty on the open market, providing a floor in the price and making sure our clients funds are not diluted. Everything after that is just building value.

Our Treasurer does this full time. Whilst she isn’t going to share her secret sauce the Treasury funds are split between bluechips, stablecoin plays (with and without leverage), the more interesting Defi projects and about 10% goes into speculative punts. With direct access into several launchpads she can get into many new projects before others even hear about them. Can’t tell you any more but you would be green (candlesticks) with envy.

Are you audited?

In all seriousness the safety of your NFT’s and your funds is #1, 2 & 3 priority for this team. It’s not marketing, it’s not scaling, it’s security. We don’t need new users to make this work, but we do need a watertight storage unit and that will come with audits. They take time, but they will happen. Guaranteed.

What blockchains are you on?

We’re starting life on Binance (BSC). Other chains will be added soon.

Who is behind this project?

Behind the team is a CEO of a successful publicly listed company who will remain anon but is the main advisor.

Jaye Funk the CEO of DustyVaults is a Singaporean pop singer and artist.

‘Hucky’ is our based developer in Japan

Codi is running partnerships with creators from Thailand

And we have several other members of our community helping out.If you see something you think we could be doing better and want to help, please connect with us on Telegram.

Is there a white paper?

You’re reading it.

I can only see a black box where my NFT should be?

This happens with certain NFT’s. We are looking to fix it, but it does not impact your ability to store it safely and earn $Dusty on it.

What is the contract address of $Dusty?

For partnerships please email

dustyvaults@gmail.com