Origin Mincast
A revolutionary token minting protocol — where tokens are born, not traded
We Are Not an Exchange
Origin Mincast is the birthplace of tokens, not a marketplace.
Traditional token trading involves buying from and selling to other users through liquidity pools. Origin Mincast is fundamentally different:
- You don’t buy tokens — you mincast them into existence
- You don’t sell tokens — you melt them back into WEUSD
- Tokens are minted on demand, not pre-allocated
The Paradigm Shift
| Aspect | Traditional DEX | Origin Mincast |
|---|---|---|
| Nature | Secondary market (swapping) | Primary market (minting) |
| Token Source | Buy from pool/users | Mint new tokens |
| Token Exit | Sell to pool/users | Burn to protocol |
| Liquidity | Depends on LPs | Always infinite |
| Price Floor | Can go to zero | Guaranteed minimum |
| Price Discovery | Pool ratio (x*y=k) | Reserve-backed curve |
How It Works
Two Operations
| Operation | Action | Description |
|---|---|---|
| Mincast | Mint | Deposit WEUSD → Receive newly minted RWA tokens |
| Melt | Burn | Return RWA tokens → Receive WEUSD from reserve |
The Reserve Pool
Every mincast deposits WEUSD into a reserve pool. This pool backs the value of all tokens:
Two Key Prices
Every RWA token in Origin Mincast has two prices:
| Price | Description | Behavior |
|---|---|---|
| Current Price | What you pay/receive when mincasting/melting | Fluctuates with activity |
| Floor Price | Guaranteed minimum value | Only goes up, never down |
The key insight: Current price can fluctuate, but can never drop below the floor.
The Floor Only Goes Up
This is the magic of Origin Mincast:
How?
- Mincasting adds to reserves — More backing for all tokens
- Fees accumulate — Transaction fees grow the reserve
- Raise mechanism triggers — Protocol automatically locks in gains
Why This Matters
| Traditional Token | Origin Mincast Token |
|---|---|
| Can drop to zero | Has guaranteed floor |
| No backing | 100% reserve backed |
| Total loss possible | Downside limited |
Why Origin Mincast?
For Token Holders
| Benefit | Description |
|---|---|
| ✅ Infinite Liquidity | Mincast or melt anytime, any amount |
| ✅ Value Protection | Floor price guarantees minimum value |
| ✅ Fair Pricing | Same algorithm for everyone |
| ✅ Transparent | All reserves verifiable on-chain |
For RWA Issuers
| Benefit | Description |
|---|---|
| ✅ No Initial Liquidity | Protocol provides infinite liquidity |
| ✅ Fair Launch | Everyone mincasts by same rules |
| ✅ Anti-Rug | Cannot dump below floor |
| ✅ Value Accrual | Activity increases floor for all holders |
Integration with Markets
Mincast tokens are standard ERC-20 and work everywhere:
Origin Mincast handles minting. Secondary markets are optional.
Quick Summary
| Concept | Traditional | Origin Mincast |
|---|---|---|
| Get tokens | Buy from others | Mincast (mint) new tokens |
| Exit tokens | Sell to others | Melt (burn) back to WEUSD |
| Liquidity | Depends on market | Always available |
| Minimum value | None | Floor price (guaranteed) |
| Floor direction | N/A | Only increases |
Next Steps
- Mincast & Melt — Learn how to mincast and melt tokens
- Dynamic Pricing — Understand how prices are calculated
- Floor Price Protection — Deep dive into the floor mechanism
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