Sell a piece back to the Vault
This page covers selling a piece to its collection’s Vault instead of finding a buyer for it. It explains what you get, what happens to the piece, and the steps.
Every collection launched on KURV has a Vault, and selling back pays once that Vault holds money. The creator decides how much of each mint goes into it, from nothing at all, so a Vault that opens at $0 is normal and starts paying once money is booked into it. The Vault’s share of a trade counts toward Vault Backing and the Vault Exit once it is booked, at the next mint or Vault sale. The Vault explains its two states. Read Risks and disclaimer before you sell.
What you get
Section titled “What you get”Each piece in a funded Vault carries backing: its share of the coin the Vault holds. Call it B.
Two deductions come out of B, both worked on the full B:
- 10% of the backing, which the Vault keeps; and
- the collection’s royalty, 5% on every KURV collection.
You receive what is left. That figure is the Vault Exit, and it is always smaller than the backing.
The royalty is split 50% to the creator, 25% to KURV and 25% back into the Vault. These are the only two deductions. Network costs are separate.
Worked through, on $100 of backing
Section titled “Worked through, on $100 of backing”| Royalty | You receive | Creator | KURV | Stays in the Vault |
|---|---|---|---|---|
| 5% | $85.00 | $2.50 | $1.25 | $11.25 |
Both cuts come off the same $100: $10 the Vault keeps and $5 of royalty, so you receive $85, not $85.50. The 10% and the royalty are both worked on the full backing, side by side.
“Stays in the Vault” is the $10 the Vault keeps plus its quarter of the royalty. It stays as backing for the pieces still held, spread across one fewer piece than before. It belongs to the collection, and neither KURV nor the creator is paid it.
Amounts are counted in the coin’s smallest units, so a real payout can differ from these examples by a fraction of a cent. When the royalty does not split evenly in the coin’s smallest unit, the leftover goes to the Vault.
What happens to the piece
Section titled “What happens to the piece”The piece moves into the Vault’s inventory and waits there. The Vault can sell it again, even when no piece is out. Every piece is kept. If every piece is sold back, the next paid piece restarts the collection at its Last Vault Backing, whether it is minted or bought from the Vault. A free piece cannot restart it, and what the Vault kept stays in it.
Each piece sells back to its own collection’s Vault, and every piece a collector holds can use this route.
How to sell back
Section titled “How to sell back”- Log in and open your piece. Its page shows what the Vault pays you today, in one of two places.
- Under Two ways to sell, press Sell to the Vault · $X, read You get, at least and what stays in the Vault and goes to the royalty, then confirm and sign.
- Or, on the page’s The Vault panel, read You get beside what stays in the Vault and the creator’s and KURV’s share of the royalty, then press Sell back for $X and sign.
Pieces are sold one at a time. To sell several, sell each one in turn: each sale changes the Vault, and each piece gets its own quote.
Your minimum is protected
Section titled “Your minimum is protected”The screen shows the least you will be paid. If the Vault fills before your sale goes through, you get more. If it moves the other way, you are still paid at least that amount, or the sale does not happen and your piece stays yours. Your receipt shows what actually arrived.
Related
Section titled “Related”Nothing here is financial advice. Read Risks and disclaimer before you mint, buy or sell back. Back to kurv.fun. Privacy policy. Terms of use. .