Purchase Tabby via FIAT
Mint TABBY and assign to wallet
Calculate Gold to be purchased on reference date
Purchase Gold in order to secure 75% backing of circulating TABBY
TABBY is spent
Send TABBY to another wallet
Gas fee is collected
TABBY is converted to FIAT
Burn spent TABBY
Check Liquidity (if Gold selloff is required)
Payout FIAT from central liquidity
Purchase Tabby via Crypto
TABBY is converted to Crypto
Payout Crypto from central liquidity
Last updated 3 years ago