What Is VNST?
Our team is pleased to introduce VNST - a decentralized stable digital asset with transparent On-Chain data, guaranteed by the stability of value by USDT - the most prestigious stable digital asset in the global digital asset market and other safe and prestigious digital assets in BoT (currently including BTC, BNB, ETH and vBTC).
The digital asset used as collateral for VNST have all affirmed their stability and large trading volume over a long period of time, issued by reputable organizations and undergone periodic auditing processes.
The establishment of VNST aims to provide a transparent, fair, reliable solution, diversifying choices and bringing convenience and potential applications to users in the Web3 field in Vietnam and around the world.
In this whitepaper, we introduce the term "BoT" - Basket of Tokens, representing a portfolio of secure, widely recognized and high-volume digital asset, including BTC, vBTC, ETH and BNB. BoT serves as the core redemption asset, ensuring the stability and reliability of VNST thanks to the following outstanding features:
BoT serves as the redemption asset, ensuring the stability of VNST because:
Reliability and popularity: BoT includes leading digital asset, trusted and widely used by the community in trading as well as storing value.
Superior liquidity: With high liquidity and global acceptance, BoT ensures smooth and efficient value transfer in the digital asset ecosystem.
The VNST team believes that, with the conversion platform from BoT, VNST is not only a stable digital asset but also a comprehensive financial solution, promoting the accessibility and application of digital asset in daily transactions and the DeFi ecosystem, bringing practical value to users.
VNST is developed based on the 3 S attributes in the name:
Stability:
The attribute "Stability" demonstrates VNST's commitment to maintaining stable value in all situations. The ability to attach to the value of major stablecoins helps ensure that the value of VNST does not fluctuate strongly according to changes in the digital asset market. This creates trust and appeal for users and investors who want to accumulate and preserve asset value.
Speed:
The attribute "Speed" emphasizes the importance of transaction processing speed. The ability to execute transactions quickly helps optimize user experience, prevent unnecessary delays, and ensure flexibility in the transaction process.
Scalability:
The “Scalability” characteristic represents VNST’s potential for future development and expansion. The ability to integrate into a variety of applications and services, from basic transactions to complex financial applications, shows the flexibility and development potential of the product. This helps create a diverse and innovative ecosystem in the use of VNST.
VNST has been and is aiming to integrate into various applications and services, from basic trading to more complex decentralized financial applications. This opens up applications, utilities and potentials for users in the world ofdigital asset.
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