Im new to uno guys. What is the vault for?
looking for link, give me a min
]
D.V.C. stands for Distributed Vault Coin. This is the exclusive, in-house currency of the Un-Ex. It is truly unique and is a natural extension of the trust-network experiment. You can't just buy a DVC; rather, they are issued to Trusted Traders who are prepared to set aside and verify that they own two ounces of silver bullion (for one DVC) or four ounces (for two DVC). This is the 'Distributed Vault' of the D.V.C.
One DVC equals two troy ounces of pure silver. The silver is pledged by Trusted Traders (currently done in the Bitcointalk.org Un-Ex thread - see Dashboard tab for link), which they then set aside to hold as the backing for their DVC. Once two TTs verify the silver holding (proof by several personalised photos posted in the Un-Ex thread), up to two DVC can be issued to a TT. You may be called upon at any time to prove you still have your pledged silver in your possession, which is particularly important if you have since traded your DVC! Your silver holding is part of the distributed vault and it is therefore vitally important that you can protect that pledged silver.
The true power of the DVC is that it acts as a hedge for UNO - check out the BTC,UNO,DVC,90-day graph (aqua tab) to see for yourself how your DVC is stable through an ever-fluctuating crypto market.
as found on this site, click the about tab at bottom, Un-Ex Trade-Trader-->
https://docs.google.com/spreadsheets/d/14hftnJ_crV9flLcUKaPqwEfTLKJme3R8jVeUJtudQSw/edit#gid=1907792380https://bitcointalk.org/index.php?topic=757232.msg10402531;topicseen#msg10402531DVC is an asset on the NXT platform