6. AIX Coinhour Algorithmic Stablecoin Mechanism Design

AIX Coinhour act as stable coin within the AIX ecosystema and used for consumption within the AIX ecosystem, such as services and goods.

AIX Coinhour main features

  • Automatic Minting: The AIX ecosystem automatically generates 1 Coinhour per hour, without requiring users to actively mint it.

  • Transfer Rules: When transferring Coinhour, 50% is burned, and the remaining 50% is split equally between the sender and receiver (25% each).

  • Pegging: Coinhour is pegged to 1 RMB, used for consumption within the AIX ecosystem.

  • Goal: Maintain Coinhour price stability through algorithms and partial collateral mechanisms to prevent manipulation by large funds and run risks.

  • AIX Coinhour cannot be transferred out from AIX ecosystem for fiat currency or off-chain assets.

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