The company ensures the correlation of the fiat-referenced token rate with the fiat currency rate using the reserve that the token is backed with. VNX forms a reserve as a basis for generation of fiat-referenced tokens. The amount of the reserve must not be lower than the reference value of a token in fiat currency.
How can I trust that VNX fiat-referenced tokens are equivalent to a respective currency?
Written by VNX Admin
Updated over a week ago