# The Vault

These NFTs offer a unique way to reduce the circulating supply of $AWX and acts as a secure wrapper for storing your tokens.

Each NFT is backed by a fixed amount of $AWX tokens, which can be claimed at any time by the owner by burning their NFT. There is a 3% burn fee when a user chooses to burn their NFT and claim the linked $AWX tokens that are stored in the Vault. The 3% Burn fee is sent to the AWX Treasury to further build out the AwesomeX Universe. 

<figure><img src="https://2819035649-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FPpDFLvT7YieN3PvFedsH%2Fuploads%2FnQneovWq0NpICS7Uh0Qt%2FAWX%20Hybrid%20Graphic2.jpg?alt=media&#x26;token=0dff3914-df75-4831-b168-154a39e65bf4" alt=""><figcaption><p>Simple Burning of NFT to redeem corresponding AWX</p></figcaption></figure>

### Example:

Let’s say an NFT had a set amount of 100 $AWX tokens stored in the Vault— When a user chooses to burn their NFT and receive the tokens linked to it, 3 of the tokens are sent to the AWX Treasury and the 97 tokens go to the user.