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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