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📈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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