VAULT NAME
BAYC History -The Great Floor Sweep
BAYC History -The Great Floor Sweep
Inside The Vault
Description
Collectable Supply
0 %
= 0 SWEEP
Implied valuation
Ξ 995.0K
≈ $ 995.0K
Total Fractions
Curator fee
Proof of authenticity
Auction / Bidding
Buy Fractions
NFTs inside the vault
18
M2 Mutant Serum
M1 Mutant Serum
Bored Ape Kennel Club 5763
Bored Ape Kennel Club 4002
Bored Ape Kennel Club 6976
Bored Ape Kennel Club 7687
Bored Ape Kennel Club 8876
Bored Ape Kennel Club 1739
Bored Ape Kennel Club 1352
Bored Ape Kennel Club 9654
Bored Ape Yacht Club 1739
Bored Ape Yacht Club 1352
Bored Ape Yacht Club 9654
Bored Ape Yacht Club 8876
Bored Ape Yacht Club 7687
Bored Ape Yacht Club 6976
Bored Ape Yacht Club 5763
Bored Ape Yacht Club 4002
Frequently asked questions
Answers to the top questions asked by the fractional community.
Who is the custodian of a vault?
There are no custodians and vaults are fully decentralized, audited smart contracts.
What are the curator fees?
Curator fees are similar to an asset under management fee. Annually, a curator will earn a percentage of the total ownership token supply. These fees are set by the vault’s curator, but restricted by governance to prevent inordinately high fees.
What is the reserve price?
The price (in ETH) required to initiate an auction for a vault and its NFT(s).
What is a buyout?
A buyout can happen when there is an external party who deposited ETH that is greater than or equal to the reserve price. This will kick off an auction. At auction completion, the NFT will be withdrawn and fractional owners will be able to trade in their tokens for ETH.
How is the reserve price set?
The reserve price is set by the weighted average of all ownership token holder votes. If less than 50% of token holders have voted, a reserve price will not be set. Token holders cannot set a reserve price greater or less than 5x the current weighted average.
What is an auction?
An auction is a public sale of a vault and all its contents, which is triggered when someone deposits and offers an amount of ETH greater than or equal to the vault’s reserve price. The individual offering the highest price at the time the auction completes wins the buyout.
What happens to fractional owners after a successful auction and buyout?
Once completed, fractional owners are able to trade all their ownership tokens in for the ETH that was deposited by the auction winner on a pro rata basis. The ownership tokens that are traded in for the ETH are then burned by governance.
How do I learn the status of a vault?
The status of your vault is indicated by the tags (e.g., ‘Live Auction’) that can be found underneath the vault’s name.
What do the different vault tags mean?
A ‘normal’ tag indicates a vault exists and its ownership tokens have been minted. A ‘live auction’ tag indicates a vault is currently being bid on for its contents. A ‘closed’ tag indicates that a vault has been bought out.
What is the visual representation of the tokens/fractions?
Fractional ownership is represented through ERC20 or ERC1155 tokens. If your vault is using ERC1155 tokens, fractions will display in your wallet similar to other NFTs. If your vault is using ERC20 tokens, there is no accompanying visual representation.
Protocol Decentralization
Fractional plans to progressively decentralize the protocol to ensure long-term resilience & upgradability.