MINT / REDEEM MECHANISM
$PANTHEON Minting and Redeeming Mechanism: A Simplified Guide
1. MINTING
Minting is the act of producing new $PANTHEON tokens.
How does it work?
You provide a certain sum of $ETH to the $PANTHEON contract.
As a result, the contract issues you a proportionate number of $PANTHEON tokens.
Why would you mint?
To acquire $PANTHEON tokens.
With each successive mint, the price of $PANTHEON in terms of $ETH rises.
To capitalize on arbitrage opportunities when $PANTHEON's price in the liquidity pools on decentralized exchanges (DEX) is higher than the minting price.
2. REDEEMING
Redeeming denotes the burning of $PANTHEON tokens from circulation and the redeeming of the corrisponding $ETH amount.
How does it work?
You tender your $PANTHEON tokens to the contract.
These tokens are then burned by the contract.
Subsequently, you retrieve a matching amount of $ETH.
Why would you redeem?
To convert $PANTHEON tokens back into $ETH.
Redeeming, much like minting, elevates the price of $PANTHEON in relation to $ETH.
To exploit arbitrage opportunities when $PANTHEON's price in DEX liquidity pools is lower than the redeeming $ETH amount.
Key Insights:
Both minting and redeeming $PANTHEON tokens escalate the token's relative value to $ETH.
This whole mechanism is steered by a transparent and reliable smart contract.
Such a unique structure ensures that $PANTHEON consistently gains value, solidifying its position in the crypto universe.
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