How to register ReBUY Tokens
List of services
How to use ReBUY

ReBUY Token Contract address

0x6Bcf3457dDC9B23f88a9794C01a28fc8880Abc65

Polygon Bridged USDT Polygon

0xc2132D05D31c914a87C6611C10748AEb04B58e8F

Select the Connect wallet button.

Deposit

The ReBUY platform is a polygon network-based decentralized currency minting facility that allows participants to deposit and withdraw USDT or POL coins within the ReBUY platform while earning additional revenue by minting ReBUY tokens.

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① Check your holdings

By linking your MataMask wallet, you can see which NFTs you own, and see at a glance whether it's more beneficial to withdraw USDT or POL coins or mint ReBUY tokens for each unit of NFTs.

② Fee Discounts

③ Membership program

You can earn memberships by staking ReBUY tokens and receive fee discounts based on your tier.

1. DMF (Decentralized Minting Facility)

The ReBUY project starts with a decentralized money minting facility (DMF). DMFs work differently from traditional financial instruments, but in essence, they are similar to “premium-free call options with 100% margin”: new tokens are minted each time a participant exercises the option, but they are fully funded with margin (100%), so the participant only has to pay transaction fees without any additional risk.

Here's how the ReBUY platform works.

<Participants can freely deposit and withdraw coins to and from their token contract accounts without private keys on the ReBUY platform.>

2. Deposit Stage

The Participants deposit their own Stable coins or Native coins (e.g. USDT, POL) (hereinafter referred to as "Stable coins") within the ReBUY platform.
At this time, the participant will receive NFTs as a certificate of deposit.
Then, the RBY token price at the time of deposit will be recorded in the ledger along with the participant's transaction information.

3. Steps to 'withdraw to Stable coins' or 'mint RBY tokens'

Participants who have deposited coins within the ReBUY platform can apply for withdrawal at any time.
When applying for withdrawal, the participant can choose whether to withdraw in the stable coins deposited by the participant or to mint RBY tokens, whichever is more economically beneficial to the participant.
The calculation method for the quantity of the participant's “withdrawable stable coins” and “mintable RBY tokens” is as follows.

3-1. Withdrawal with Stable coins

If a Participant makes a withdrawal in Stable coins, the amount of Stable coins available for withdrawal is the entire amount of Stable coins, excluding the ReBUY platform usage fee.

3-2. RBY tokens Minting

The RBY token price recorded at the time of deposit is applied to the withdrawal time to calculate the number of RBY tokens that can be minted, In other words, the number of RBY tokens that can be minted is calculated by dividing the price of each RBY token at the time of deposit by the coin price (USD) at the time of withdrawal.

※ Number of RBY tokens that can be minted at the time of withdrawal request

4. Judgment Criteria

• If the price of RBY tokens at the time of withdrawal is higher than the price of RBY tokens at the time of deposit, it is economically beneficial for the participant to mint RBY tokens rather than to withdraw in Stable coins.

• Conversely, if the price of RBY tokens at the time of withdrawal is lower than the price of RBY tokens at the time of deposit, it is economically more beneficial for the participant to withdraw in Stable coins.

Case 1. (1,000 USDT withdrawal)

Participants will withdraw in Stable coins as the price of RBY tokens has decreased from the time of deposit to the time of withdrawal.

Case 2. (Minting 500 RBY tokens)

Participants will mint RBY tokens because the price of RBY tokens at the time of withdrawal has increased compared to the time of deposit.

The table below summarizes the above.

Thus, participants can deposit and withdraw in Stable coins on the ReBUY platform and benefit from the price appreciation of RBY tokens without any additional risk.

In this way, the ReBUY protocol aims to provide an environment where participants can participate without the risk of volatility through Stable coins, while sharing the benefits of RBY token price appreciation.

5. DEX (Decentralized Exchange)

The ReBUY decentralized exchange (DEX) employs a system where the foundation manages the liquidity pool directly, but interacts with the market through a set algorithm. This ensures that the flow of funds within the ecosystem remains transparent, and the liquidity supply process is continuously operated by a decentralized protocol.

1) Liquidity pool expansion strategy

A key feature of ReBUY DEX is that it is designed to allow the Foundation to actively expand the Total Value Locked (TVL) of the liquidity pool, while ensuring that the assets cannot be reclaimed. This is accomplished through a structure that guarantees the Foundation's long-term participation as a liquidity provider and continually adds minting profits to the liquidity pool.

In other words, the POL coins and USDT that the Foundation earns from minting profits are continuously deposited into the liquidity pool, and that liquidity is restricted at the protocol level so that it cannot be arbitrarily withdrawn by a centralized entity. This ensures that the liquidity of ReBUY DEX is fixed in the long term and can be operated in a decentralized manner without the risk of market manipulation.

2) RBY Token Acquisition Strategy

Once the TVL of a certain size of the liquidity pool is secured, the ReBUY Foundation will continue to buy RBY tokens on the market with minting profits. The reason for this is related to the distribution structure of the payment-only coin 'Delly', which will be automatically distributed on the decentralized network in the long run.

Once the ReBUY Main-net is launched, Delly coins will be automatically distributed in proportion to the amount of RBY token staking based on a smart contract-based algorithm. In this process, the foundation will utilize the protocol without centralized intervention to acquire Delly coins and use them as various financial resources within the ecosystem. In other words, by utilizing a structure that increases the amount of Delly coin allocation the more RBY tokens are held, the Foundation can secure long-term financial resources without a centralized issuing entity. Unlike traditional centralized exchanges (where the exchange manages and distributes tokens directly), this method is automatically operated by smart contracts, and the flow of funds is maintained in a decentralized manner.

6. Token Economy

The ReBUY project subdivides the functions of money into 1) payment and settlement function, 2) value storage function, and 3) rewards for ecosystem contributions, and consists of crypto-currency according to each function.

1) RBY Tokens

(1) Tokens minted by voluntary choice of participants

The RBY token is a decentralized token that is minted by the voluntary choice of participants rather than by receiving funds from specific investors. There is no limit to the amount of RBY tokens that can be minted, but after the launch of the ReBUY main-net, token minting can be stopped by the DAO's decision. After that, the tokens will no longer be minted, but only burned, turning them into a deflationary token.

(2) RBY Tokens Staking

Staking RBY tokens entitles you to ReBUY membership, which offers a variety of benefits including discounted transaction and settlement fees, mining rewards, and more.

(3) Burning RBY Tokens

RBY tokens and Delly coins are crypto-currencies with independent values.
When converting RBY tokens to Delly coins within the ReBUY Wallet, all RBY tokens used for conversion are burned, leading to a decrease in the quantity of RBY tokens and an increase in the demand for Delly coins, which has a positive effect on the ecosystem.

2) Delly Coins (Micro-Payment Coins)

Delly coins are distributed via Proof-of-Stake (POS) as rewards for staking on the ReBUY Main-net, with a total supply of 2.1 billion coins. Like Bitcoin, it halves approximately every four years.
Delly coin will be used for micro-payments in real assets and offline spaces, and aims to compensate for the shortcomings of Bitcoin, which is relatively slow and has high transaction fees, with its fast speed and low fees.

7. ReBUY Membership Benefits

Staking RBY tokens, qualifies you for ReBUY Membership. Eligibility requirements are as follows

ReBUY members can receive discounts on transaction fees within the ReBUY platform depending on their tier, and after the Main-net launch, they will be rewarded with Delly coins, a payment-only coin that will be distributed as block generation rewards.

In addition, various benefits such as discounted payment fees will be provided, and you will be granted voting rights to participate in the ReBUY DAO and propose opinions for the development of the ecosystem.

ReBUY Membership includes the following benefits.

(1) Transaction fee discounts

Members receive the following discounts on trading fees on the ReBUY Platform

(2) Mining Rewards

① Reward: Minted Delly coins + ReBUY's network transaction fee

② Reward method: In principle, the rewards will be distributed by Proof of Stake (POS), but the detailed distribution method will be determined by the DAO's final decision. For example, you can think of differentiated rewards based on membership level, retention period, etc.

8. Referral code registration fee discount policy

When you register your referral code, you'll receive the following fee discounts

Caution!

Deposit

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