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Converting $BTCw to $BTCd
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Converting $BTCw to $BTCd
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Managing Daily Allocations and Preventing Inflation
Every day, a specific supply of $BTCw is allocated to support the conversion of $BTCd to $BTCw . (Refer to the Revenue Sharing section for more information.)
To control the supply of $BTCw released into circulation and prevent long-term inflation of the $BTCw currency, we must tightly design all actions related to introducing additional $BTCw into circulation. Since the allocated amount of $BTCw for withdrawal through the conversion mechanism is fixed daily, while the user demand is dynamic, we will implement a queuing mechanism for those wanting to convert $BTCd to $BTCw .
Queue System and FCFS Mechanism
Each user can only execute a conversion order of 100 $BTCd at a time. After their withdrawal order is completed, they can place another conversion order. Each user placing a conversion order is considered to be in the queue. The larger the queue, the longer the number of days it may take to receive the $BTCd tokens. This follows the First Come First Serve (FCFS) mechanism widely applied in the crypto market.
