CRAFT

Mint and Redeem CRAFT

CRAFT is an asset backed stablecoin use for support in Cross-chain bridge system.

** 1 CRAFT equal to 1 BUSD **

user can create CRAFT by mint or swap depend on fee at that time.

fee for Mint CRAFT is 0.1%-0.2% ALE

for example, today mint 1000 CRAFT use 1000 BUSD + 140 ALE (the number of ALE will be updated every week to maintain fee at 0.1-0.2%)

fee for Redeem CRAFT is 2%-3% ALE

for example, today redeem 1000 CRAFT + 2800 ALE for 1000 BUSD (the number of ALE will be updated every week to maintain fee at 2%-3%)

incase of mint or redeem user also able to use Swap function for swap CRAFT to other coin at https://app.aleswap.finance/#/swap

sometimes, swap 100 CRAFT get more than 100 BUSD, so we suggest to compare rate before mint or redeem CRAFT.

Last updated 2 years ago