6.1 Price Stability Mechanism
(a) Arbitrage Mechanism
Below 1 RMB: Users can exchange Coinhour for AIX (base token) worth 1 RMB on the DEX within the AIX ecosystem and sell AIX for profit, pushing up the Coinhour price.
Above 1 RMB: Users can exchange AIX worth 1 RMB for 1 Coinhour, used for ecosystem consumption (e.g., subscriptions, NFT purchases) or sold on DEX for profit (0.05 yuan), pulling down the Coinhour price.
Non-Cashout Restriction: Coinhour can only be exchanged for AIX or used for ecosystem consumption; smart contracts prohibit transfers to off-chain addresses (e.g., centralized exchanges).
(b) Impact of Automatic Minting
Fixed generation of 1 Coinhour per hour increases the supply of Coinhour in the system, potentially exerting downward pressure on the price.
The 50% burn mechanism reduces circulation through transfers, offsetting some supply pressure and supporting price stability.
(c) Reserve Mechanism
The liquidity pool (LP) for the AIX-Coinhour trading pair serves as the "actual reserve" for Coinhour, with AIX or other ecosystem tokens as the buy-side.
Maintain liquidity through LP mining rewards (e.g., 10% annualized), reducing the risk of insufficient buy-side.
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