METAVAULT FAQ

3 min readNov 25, 2021

MetaVault is a new kind of NFT Marketplace. Our token presale is this Sunday/Wednesday on PICNIC Launchpad.

Here’s what you need to know to DYOR on this unique opportunity

1. What is MetaVault?

MetaVault is a new NFT Marketplace with a few twists. It will have standard listings/auctions like Opensea but we will take the UI further to be more than just a sales middleman.

2. What makes MetaVault different?

Three things:

a) LIQUIDITY: Any NFT collection launched through MetaVault will use a portion of mint costs to buy into the MVT/ETH liquidity pool. This will give each piece in the collection a guaranteed sale price, any time.

b) LOANS: A percentage of the transaction tax on MVT will go into a loan wallet. This will be available for anyone to borrow against an NFT asset, even if it’s not one of our “in-house” collections.

c) PLAY 2 EARN: The MetaVault UI will eventually include a cross chain NFT battle zone. Users can register any asset and it will receive a base score and can win upgrades and ETH through battles.

3. Why do I need the MetaVault token?

MVT is the base currency for the entire ecosystem. This means two important things for holders.

a) Every NFT collection we launch will be buying large amounts of MVT and then adding it directly to the liquidity pool.

b) Every transaction on the marketplace will have a tiny fee that is used to buy back and burn MVT.

4. Won’t NFTs being sold just drain the liquidity pool?

Selling NFTs will have an effect on the liquidity pool but it’s important to keep in mind three things:

a) Only the “floor” items in a collection will inevitably be sold and have their share of the pool removed.

a) Each asset can only be sold for the amount of MVT it was assigned at mint. While the amount of ETH this is worth will increase, it’s ratio to the liquidity pool will not change, so neither will it’s price impact.

b) Most pieces in a collection will never be sold for MVT, rather they will be traded for higher prices on the marketplace or stored in a collectors wallet. This value will stay in the liquidity pool forever.

5. How will loans work?

We have worked out a proprietary formula to give any NFT from any collection on any chain a base score. This score will be used not only for loan offers but also for our gaming interface. Yes, that means NFTs upgraded in battle would be worth more as collateral on a loan, or for sale on our marketplace.

6. WEN?

Marketplace launch is aimed for around Christmas, but no date has been finalized as of yet. Things will roll out in sections, with the first being the marketplace and liquidity pool UI.

7. Presale Information

First round for $PIC holders is on Sunday, November 28th at 2300UTC on our website at https://picniclaunch.app/

Second Round for Public: First come first serve while supplies last. Wednesday, December 1st at 2300UTC on our website.

Please note: Presale is conducted in BNB. Buyers will be airdropped MVT tokens on ETH network. Public launch will be 24 hours after presale fills, on Uniswap.