Exchange Rate Determination

Mechanism for Exchange Rate Determination:

VNST's exchange rate setting mechanism is a mechanism that uses smart algorithms to represent the exchange rate for VNST. In the smart algorithm, VNST has created a dynamic balance mechanism with a real-time market exchange rate reference to ensure the optimization of value conversion to VNST for users. This facilitates the determination and representation of the value of VNST/USDT, helping to maintain the exchange rate balance of the VNST/USDT pair in the market.

For example, in the case that the gap between the USDT/VNST exchange rate and the market exchange rate exceeds the price risk limit (0.5%), VMM will immediately automatically balance the difference by increasing or decreasing the circulating supply of VNST to maintain stability and balance the exchange rate of VNST/USDT.

Through this automatic mechanism, VNST is able to proactively ensure and maintain stability, while minimizing price manipulation and large fluctuations that affect the interests of users. To ensure the balance of the VNST/USDT exchange rate, every five minutes the system will automatically update the market exchange rate to adjust to the most balanced exchange rate.