STABLECOINS USDCASH, RMBCASH, RUBCASH

Stablecoin issuance is performed by a smart contract against the pledge of liquidity (pair USDBX - MLNK, pair RUBLES - MLNK, pair RMBC - MLNK) deposited by the user in a special issue pools.

The step multiple of the issuance lot for each of the stablecoins is 100 USDBX, 100 RMBC or 100 RUBLES.

🔸To issue USDCASH, the user needs to transfer USDBX tokens to the smart contract address (multiple of 100) and an equivalent in value amount of MLNK. The smart contract checks the USDBX/MLNK exchange rate and transfers USDCASH to the user in an amount equal to the deposited USDBX. Smart Contract returns an excess amount of USDBX (multiple of 100) and/or MLNK.

Smart Contract records information about each issue lot in a register (Issue receipt).

🔹A user who has previously issued USDCASH, RMBCASH, RUBCASH can exchange USDCASH, RMBCASH, RUBCASH back at any time without fee using the issue receipt. The smart contract will return the tokens previously deposited by the user from the pledge. At the same time, USDCASH, RMBCASH, RUBCASH cryptocurrencies submitted for reverse exchange are burned in full.

🔺In addition, the smart contract allows ANY user who owns USDCASH, RMBCASH, RUBCASH tokens to exchange them guaranteed without paying a fee. The presented stablecoins are fully burned by the smart contract.

The order of arranging USDBX-MLNK, RMBC-MLNK, RUBLES-MLNK pledge deposits for the guaranteed exchange is carried out according to the absolute value of the invested Malinka (MLNK).

A special issue pools, like other liquidity pools, participates in the distribution of bonus Malinka (MLNK), but with a doubled coefficient. At the same time, 75% of MLNK allocated to this pool is distributed among Users who participate in the issuance and have deposited USDBX/MLNK, RMBC/MLNK or RUBLES/MLNK into this special issue pools for this purpose.

Sending stablecoins between user accounts is without fee, and they can be set up for automatic inheritance.

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