The Vault is an upgrade to the Echelon smart contract Pack Release System PR[SYS].
PR[SYS] is the contract architecture by which all cards are distributed to their owners. In previous pack drops, PR[SYS] managed the distribution of cards based on broader Ethereum network conditions--the system released cards in batches depending on network congestion.
The Vault serves as an upgrade to this architecture offering the owner of a card the choice of when to remove it from The Vault and send it to their wallet. The owner will pay the active network gas fee for the transaction. In order to trade a card on a secondary marketplace, you must withdraw it from The Vault, and you may only withdraw to a single address.
You may choose to leave the cards in The Vault in the event of high gas conditions. The cards are still held in The Vault contract and tied to the account & wallet address that paid for the pack(s), and you may still view them on the parallel.life website.
Note: If purchasing cards during a drop via MoonPay (credit/debit card), The Vault contract is not utilized; cards will be distributed via PR[SYS] in the same manner as previous pack drops.
Wait until gas is most convenient for you - Head over to parallel.life - Click on Profile → My Cards - Filter by 'In Vault' - Click on the overflow (⋮) menu at the bottom right of any card - Click on 'Transfer from Vault' - Select as many cards as you like - Click on 'Continue' at the bottom right of the page - Click on 'Transfer from Vault' - Pay gas to execute transaction.
The Vault serves as an upgrade to PR[SYS] and offers the owner of a card the ability to choose when to claim a particular card from The Vault to their wallet.
No. In order to trade a card on a secondary marketplace, the card must be withdrawn from The Vault to your Ethereum wallet address.
Users may choose to leave their cards in The Vault as long as they like. There is no time limit on how long cards can be kept in The Vault for.
Yes, the cards will be held in The Vault contract until the user decides to transfer their cards out of The Vault. Cards will remain tied to the account & wallet address that paid for the packs.
No, the cards can only be transferred to the same address that purchased the packs. After transferred, they can be sent to any other wallet.