> ## Documentation Index
> Fetch the complete documentation index at: https://docs.cnho.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Initialization

> Important Step to Unlock Fiat Redemption

To ensure the safety and success of fiat redemptions, **users must complete an Initialization step** after passing KYC and bank account verification.

This process confirms that your verified bank account **can correctly receive CNH (offshore RMB)** before redemptions are enabled.

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### ⚠️ Why Is Initialization Required?

Some users may add bank accounts that, despite appearing valid, **cannot actually receive CNH transfers** due to local restrictions or intermediary bank issues.\
To avoid failed settlements, **CNHO requires a real test transaction** in the form of an **initial CNHO acquiring**.

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### ✅ What You Need Before Initialization

You must first:

1. **Complete KYC Verification**
2. **Add and Verify a Bank Account that supports CNH**

Only then can you proceed with Initialization.

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### 💰 Step-by-Step: Complete Initialization via CNHO Acquiring

#### **Step 1: Prepare a Minimum Acquiring Amount**

* You must acquire at least **100,000 CNH** (offshore RMB)
* This confirms your account can both **send** and **receive** CNH

#### **Step 2: Follow the CNHO Acquiring Procedure**

* Please follow the official CNHO-CNH **Acquiring** Guide.

This includes:

* Generating a unique deposit instruction
* Sending the CNH transfer from your verified bank account
* Receiving CNHO tokens into your wallet

> ⏳ Typical processing time: 1–2 business days

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### ✅ After Successful Initialization

Once your first CNHO acquiring is completed:

* 🎉 **Redemption Functionality Will Be Unlocked**
* You will be able to:
  * Convert CNHO back to fiat CNH
  * Use your verified bank account for full on/off-ramp

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### 🛡️ Important Notes

* Initialization only needs to be done **once per user**, not per bank account
* The **minimum of 100,000 CNH** is mandatory for unlocking redemptions
* If the transfer fails or is returned, you will need to **use a different bank account** that supports CNH