Circuits of Value (COVAL) is an Ethereum token that powers Emblem, a platform where users can create custom combinations of ETH, ERC-20, and NFT tokens into a single, tradable token called a Vault.
What is the Emblem Vault?
Emblem Vault is easiest done by understanding the problem it is attempting to solve.
Say you have some bitcoin, a Bored Ape, some ether, a Uniswap pool token and another piece of digital art that you want to sell as a bundle (think pick ’n’ mix for crypto currencies). Emblem Vault makes this possible.
Circuits of Value Price Chart (COVAL)
How does Circuits of Value (COVAL) Work?
The technology revolves around the concept of sending Vaults, which are essentially containers or baskets of tokens.
These Vaults are represented by Sidechain Assets called Emblems, hence the name Emblem Vaults for the project’s containers.