💰BoT - Basket of Tokens

We understand that VNST can only maintain stability and safety when converted from reliable, safe, and relatively stable crypto assets. We collectively call these crypto assets BoT (Basket of Tokens). Any influence from the value of BoT will have a direct impact on the value of VNST. Therefore, the VNST team has invested time and effort to evaluate and approve crypto assets before accepting them as conversion assets for VNST.
It is worth noting that most stable assets (stablecoins) in the cryptocurrency market have faced problems related to liquidity, legal issues, and compliance with strict regulations. This makes each user have their own reasons and beliefs to choose to use stable assets.
The market currently has many different stable asset projects blooming, which reflects the diversity of users and their needs. Each stablecoin project has its own goals and criteria, providing options that meet specific user requirements, from security and compliance to liquidity management.
Therefore, choosing the right stablecoin for VNST is an important part of the project development journey. Understanding that, the VNST team uses a variety of crypto assets as stablecoins for VNST. Diversifying BoT is necessary because:
Diversify choices for users.
Minimize risks for VNST if there are events or fluctuations.
User-friendly when users can easily convert VNST with many different assets.
Stable assets are always innovative and developing in the crypto market, so VNST is always ready to be flexible and diverse for users.
Therefore, the crypto assets in BoT that VNST uses as conversion assets can be completely removed and replaced with other assets if that makes VNST's BoT more secure and transparent. For VNST, stability and transparency will always be top priorities.
Last updated