Convert Element ELMT to Voucher DOT VDOT

ELMT - The ELMT Token is the ERC-20 of the bridged digital rewards from the Element Blockchain, which is using blockchain based technologies to fight destructive mining practices globally. Whereas some tokens are created from ICOs, or Initial Coin Offerings, the ELMT Token is minted on and by the Element Blockchain as a digital reward for node owners who own and host node licenses that power the blockchain. The ELMT Token is an ERC-20 Token that has been bridged over to the Ethereum Network from the Native Element Blockchain. The Element Blockchain is managed by the community of node owners and governed by the Element Distributed Governance Framework (DGF) Charter that was voted in and approved by node owners. Element United, the company, neither promotes the token nor handles its listing on exchanges and does not create liquidity. The company remains focused on building blockchain-based products and services. The company operates independently from the Blockchain, aiming to navigate the intricate regulatory landscape with complete transparency and compliance. Element United is a company working to fight destructive mining practices worldwide with the use of blockchain technologies. This is done in a variety of ways including partnering with mines to create alternate revenue, creating blockchain-based products such as NFTs and interactive gaming, mining certification programs that encourage environmental stewardship and tokenized carbon offset programs. Project Launch Date: 04/21/23 – First Bridge of Token Country of Origin: The majority of the dev team and headquarters is in the United States. Sales team/business developer in Jakarta, Indonesia. Node Owners globally including some mines in Tanzania. Media Coverage:

vDOT (voucher DOT) is a liquid staking derivative (LSD) of staked DOT, with fully underlying DOT reserve and yield-bearing feature of DOT staking reward. Users can deposit DOT into Bifrost SLP protocol and get vDOT as return, vDOT can be traded in the open market or be redeemed back to DOT. Holding vDOT equals to holding the DOT staking position, staking rewards appriciate the exchange price of vDOT. Why vDOT? 1. Liquid Staking The product allows users to stake DOT for liquid vToken, (vDOT). vDOT will keep receiving staking rewards and can continue to be used in Bifrost and Polkadot-based DeFi for additional rewards. 2. Automatically Staking rewards capturing without scenario limitations SLP will issue Staking rewards to vDOT by adjusting the price of vDOT / DOT upwards. vDOT Rate = SLP Staking DOT (SUM) / vDOT Total Issuance. 3. Floating redemption period, vDOT redemption ≤ 28 days While Polkadot’s original chain Staking has a fixed 28-day redemption period, Bifrost SLP helps users to realize the possibility of early vDOT redemption by matching the real-time vDOT minting quantity with the redemption quantity at the protocol layer in the form of a queue. Theoretically, it can achieve second-level redemption. 4. Higher Staking Yield In the SLP protocol, the protocol screens more than 10 verified nodes through governance (subsequently increasing with the overall staking volume) and adds multiple filters such as the number of nominees, commission ratio, and history of blocks out to maximize the return of this verifier portfolio while ensuring that none of the nodes have experienced slashes. 5. Multi-environment Compatibility vDOT is one of Substrate assets in Bifrost parachain, by using the HRMP channels between Bifrost and others, it can be easily utilized in EVM, WASM and Substarte competiable parachains.