Mint & Redeem

Mint:

It is another name for the Mint mechanism based on the VNST protocol in Vietnamese. This means that VNST will be newly created and automatically added to the circulation supply. After connecting the user's Wallet and converting a certain amount of USDT, BoT on the VNST protocol, the user will receive an equivalent amount of VNST based on the final price at that time.

Note:

  • The amount of VNST created after the VNST conversion request is successfully processed will be automatically added to the circulation supply.

  • The system will display the TxH transaction history corresponding to the Mint transaction.

Redeem:

It is another name for the Redeem mechanism based on the VNST protocol. This means that after connecting the user's Wallet and depositing a certain amount of VNST into the VNST protocol, the user will receive an equivalent amount of USDT.

Note

  • The amount of VNST deposited will be automatically burned after the USDT conversion request is successful.

  • The system will display the TxH transaction history corresponding to the redeem transaction.

  • A successful USDT conversion transaction will deduct 0.1% of the redemption fee based on the amount of USDT the user receives.

General Note:

  • During the transaction, if the exchange rate changes, the user will be required to update and confirm the final price.

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