BITCASH
  • ⭐Executive Summary
  • 😀Introduction
    • How Bitcash Works
    • Vision and Mission
    • Features
  • ⛏️Mining
    • The Stablecoin
    • Minting Process
    • Parameters
    • Redemption Process
  • 🍕Tokenomics
    • BTH token
    • Farm to Earn
  • ❓FAQs
    • FAQs
Powered by GitBook
On this page
  1. Mining

Minting Process

Bitcash introduces a unique process for generating DAIX, focusing on leveraging ORDI via wORDI and BTC as the primary collateral assets. This approach enhances cross-chain interactions and broadens participation.

  • Conversion from ORDI to wORDI: Our platform features a bridge mechanism that allows the conversion of ORDI to the SPL-compatible wrapped ORDI. This conversion is essential for integrating ORDI into the Solana blockchain ecosystem.

  • Staking with wORDI: Users initiate DAIX generation by staking wrapped ORDI, a SPL token. This forms the core of our collateral system, enabling the minting of DAIX.

  • Commitment to wORDI Collateral: Initially, Bitcash will exclusively accept wORDI as collateral for DAIX generation to ensure stability and efficiency. Plans are in place to expand the range of accepted collateral in the future.

  • Cross-Chain Integration and Exchange: A significant portion of generated DAIX will be available for cross-chain transactions, particularly on Solana, widening the utility and reach of DAIX.

PreviousThe StablecoinNextParameters

Last updated 16 days ago

⛏️