Point Swap

VRT (Vacas Reward Token) is the native cryptocurrency issued by Vacas and is freely utilized within the Vacas application and across all ZoyGroup platforms. Users can acquire VRT by converting reward points from partners within Zoy Group's extensive network, as VRT and RP are fully interchangeable within the ecosystem.

When RPs are converted into VRT, the tokens are supplied from a dedicated pool known as the VRT Reserve, which is designed to balance the supply between RP and VRT. During this process, the converted RPs are permanently burned. Conversely, when VRT is exchanged back into RP, the spent VRT is deposited into the Reserve, and new RP is minted and distributed to the user.

The exchange rate between VRT and reward points is determined by a Sigmoid-based transformation function, calculated using the Reserve Ratio as a key variable, to maintain optimal liquidity and fair exchange rates across all partner platforms (Further technical details are provided in the Swap Mechanism section of the ECOSYSTEM group.)

Additionally, through these two-way exchanges, VRT undergoes continuous burning, reinforcing its deflationary model. Converted VRT can either be swapped back into partner reward points or utilized across a wide range of services within the Vacas ecosystem.