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Wrapped HNS (WHNS)
What are WHNS's Proof of Reserves?
What are WHNS's Proof of Reserves?
Namebase avatar
Written by Namebase
Updated over a week ago

The most important consideration of WHNS is transparency. The proof of reserve is on-chain, which shows the exact 1:1 between minted WHNS tokens and HNS stored. When WHNS token holders redeem their tokens for HNS, the tokens are burned. The minting and burning of tokens is in turn tracked and verifiable on the blockchain. -

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