Staking

OrdiDoges' conversion system provides users with a convenient way to switch between $OIDG and $rOIDG assets. Here's how it works:

Converting $rOIDG to $OIDG: The conversion system in OrdiDoges allows users to convert $rOIDG to $OIDG tokens.

Managing Daily Allocations and Preventing Inflation: A certain amount of $OIDG is allocated every day to support the conversion from $rOIDG to $OIDG. To control the release of $OIDG into circulation and prevent long-term inflation of the $OIDG currency, we closely design all actions related to introducing additional $OIDG into circulation. Since the amount of $OIDG allocated to the conversion mechanism for withdrawal each day is fixed, while user demand is dynamic, we will implement a queuing mechanism for users who want to convert $rOIDG to $OIDG.

Queuing System and FCFS Mechanism: Each user can only execute a conversion order of 100 $rOIDG at a time. After their withdrawal order is completed, they can place another conversion order. Each user placing a conversion order is considered in the queue. The larger the queue, the longer it may take to receive $rOIDG tokens. This system follows the widely used first-come-first-served (FCFS) mechanism in the crypto market.

This feature provides flexibility in managing digital assets. You can convert $rOIDG to $OIDG at any time or you can directly sell $rOIDG on decentralized exchanges (DEXs) or centralized exchanges (CEXs).