Mint & Redeem

Mint: This implies that VNST will be newly generated and added to the system's circulating supply automatically. After connecting the user's Wallet and converting a certain amount of USDT into VNST Protocol, the user will receive an equivalent amount of VNST based on the pricing at the time of conversion.

Note:

  • The volume of VNST generated after a successful Mint processing request, VNST will be automatically added to the circulating supply.

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

Redeem: This implies 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 volume of VNST deposited will be automatically burned after a successful conversion request.

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

  • A successful redeem transaction will incur a 0.1% redeem fee based on the amount of USDT received by the user.

General Note:

  • During the transaction process, if there is a change in the exchange rate, users will be prompted to update and confirm the new exchange rate

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