Basic Information
Last updated
Last updated
| Questions | Answers |
|---|---|
How to determined the exchange rate of VNST/USDT?
The exchange rate of VNST/USDT is determined based on the exchange rate from reputable exchanges such as Binance, Kucoin
How do I know VNST is safe?
VNST operates on a highly secure and completely transparent Blockchain network
All VNST transactions will be saved on Smart Contract and cannot be altered
How are VNST and USDT related?
VNST is a stablecoin that is collateralized and backed by the value of USDT
The converted amount of VNST/USDT (Mint) will be guaranteed to correspond to the USDT volume
Does VNST have any other assets beside USDT to guarantee?
Currently in the first phase, VNST amount when users convert is guaranteed by USDT
In the later phase of VNST, other highly liquid assets will be used by VNST to minimize risks and diversify assets
What will happens to the Users when they experience the price impact?
When users mint/redeem and encounters a price impact that reaches the "Mint/Redeem Covered price", VMM will automatically use the pre-set Mint/Redeem Covered amount to support Users
How do I know if VNST is transparent or not?
Users can completely check all transaction history of VNST based on a public contract of VNST
All the Minted/Redeemed VNST and USDT volume will be public on VNST.io
Why is VNST registered in Latvia?
Registration in Latvia is only part of the conditions for confirming compliance with the European cryptocurrency regulatory framework - Markets in Crypto-Assets (MiCA). Registration in Latvia or any other EU member country has the same meaning
Why does VNST use MiCA as a legal framework?
MiCA enhances transparency and provides a comprehensive framework for issuers and service providers, including compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) rules. )
Why should you own VNST?
VNST can deposit/withdraw On-chain
Users are completely free to Mint/Redeem as many as they can
Have the opportunity to become Merchant of VNST and receive many exclusive offers only for Merchant
How can I register to become a Merchant with VNST?
If you want to become a VNST Partner, you can visit VNST.io, scroll down to the "Become our Merchant" section and fill out the form or contact us via Email: business@vnst.io
How can I get VNST?
Easily get VNST at: https://vnst.io/en/mint-and-redeem