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DVTM



DVTM – Dual Value Tokenization Model

Model Definition:

DVTM (Dual Value Tokenization Model) is a focused, precise, and simple structure for tokenizing volatile digital or tokenized assets. In this model, a single asset is split into two complementary tokens:
1. Fixed Token: Represents a defined, stable portion of the asset's value (eg, $1).
2. Volatile Token: Represents the remaining portion of the asset, calculated as:
Current Asset Value – Fixed Value

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Model Philosophy:

In DVTM, a volatile asset is divided into two complementary parts whose total value always equals the full value of the original asset:
Fixed Token + Volatile Token = Total Asset Value
The Fixed Token holds a constant and predefined value. All price volatility is absorbed by the Volatile Token, which dynamically reflects the asset's real-time value minus the fixed portion.
This mechanism ensures that the Fixed Token can maintain stability up to the full value of the asset, making it a highly reliable form of collateral. Simultaneously, the Volatile Token enables access to the asset's surplus value in real time — without compromising the stable component.

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Operational Mechanism:

The asset (eg, BTC, real estate, or gold) is locked in a smart contract.
The contract issues two complementary tokens:
A Fixed Token (e.g., $1)
A Volatile Token = current market value – fixed value
The asset can only be redeemed when both tokens are returned simultaneously.
This rule is strictly enforced by the smart contract, ensuring neither token alone can access the locked asset.

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Unique Feature: Floating, Dual-Sided Collateralization

DVTM introduces a live collateral structure where the amount of locked assets required to secure the Fixed Token is dynamically determined.
> While the full asset is prioritized to guarantee the Fixed Token,
the Volatile Token grants access to the excess collateral value in real time.
This results in a system that delivers complete stability for the fixed portion, and high capital efficiency for the volatile portion.

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Example – Bitcoin:

BTC price = $100,000
The asset is locked in the contract
Two tokens were issued:
Fixed Token = $1
Volatile Token = $99,999
If BTC drops to $1,000 → Volatile Token = $999
Fixed Token still holds exactly $1

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Application:

DVTM is a foundational model for transforming volatile assets into usable instruments in decentralized finance.
It can be applied in the design of native stablecoins, risk-optimized lending structures, or crypto-native insurance mechanisms.
Its unique structure allows for the use of excess asset value without placing stress on the fixed portion.

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Conclusion:

DVTM enables the extraction of two independent functional layers from a single volatile asset:
One is the stable component, which can retain value up to the asset's total worth — making it the most secure form of collateral.
The other is the volatile component, which empowers the collateral provider to actively benefit from the maximum real-time surplus value of their assets.
This model offers both unshakable trust and capital efficiency, built upon a precise architecture and a dual-token redemption mechanism.



CNBM – Strategic Technical Model Paper 


Crypto-Native Base Money


Project Introduction:

CNBM is an infrastructure project in the DeFi domain designed to create base money natively backed by crypto assets. This project aims to establish a stable, transparent, and reliable monetary unit that operates independently of fiat currencies and serves as a foundational layer in the crypto economy.

CNBM is implemented using the DVTM (Dual Value Tokenization Model); a model that converts a volatile asset into two complementary tokens:

1. Fixed Token: Represents the stable crypto-native base money unit

2. Volatile Token: Represents the residual value of the asset and absorbs market volatility

In this structure, redemption of the asset is only possible if a full pair of the stable and volatile tokens is returned to the contract.

Features:

Transparent backing and perpetual redeemability: Each unit of the currency is backed by a real asset locked on the blockchain. Its backing is always visible, traceable, and fully redeemable—unlike traditional currencies, which often lack direct redemption mechanisms.

Backed by digital and tokenized real-world assets such as cryptocurrencies (BTC, ETH), tokenized equities, gold, real estate, and other digitized assets—without relying on fiat.

Valuation and equivalency: The monetary unit can be pegged to a reference currency or asset defined contractually. For example:

1) If the reference is the Euro, the stable token will be CNEUR (crypto-native Euro)

2) If the reference is ETH, the stable token will be CNETH (crypto-native Ethereum)

3) If the reference is Tesla stock, the stable token could be CNTSLA (crypto-native Tesla stock)

This versatility allows for market-specific versions. These tokens are referred to as “base money” because while they act as independent monetary units, they can also be value-pegged per conventional agreements and serve as a foundation for new forms of decentralized and transparent e-money.

Note: In CNBM, only assets that are fully tokenized and transferable on-chain are accepted as collateral. Tokenized real-world assets must be officially issued by reputable institutions and be identifiable and transferable on-chain.

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Minting CNBM

The issuance process is handled by a smart contract called DBANK, based on the DVTM model.

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Components and Concepts:

DBANK – Central Smart Contract

DBANK is the core engine of the CNBM system. It receives the asset and executes the minting of the dual tokens based on the DVTM model. For each asset unit, DBANK automatically issues:

CNUSD: The stable token equivalent to one crypto-native dollar

Crypto Bond: The volatile token representing the asset value minus $1

Redemption Conditions (Burn): Redemption is only possible when a full pair of CNUSD and Bond tokens is returned. In this case, both tokens are burned and the locked asset is released.

Key Features of DBANK:

Fully decentralized and smart contract-based

No intermediaries or human intervention

Deployable on multiple chains (BNB Chain, Ethereum, Solana, etc.)

Issues specific Bond tokens for each type of asset (BTCBond, ETHBond, SOLBond, etc.)

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CNUSD – Stable Token

CNUSD (Crypto-Native USD) is the stable token issued by DBANK. It is always pegged to $1 and is minted by locking a unit of crypto in the smart contract. CNUSD functions as the base monetary unit of CNBM and maintains a consistent identity across networks.

Features:

Pegged to $1, without fiat backing

Backed by a full unit of crypto locked via DVTM, remaining fully stable while its value > $1

If collateral drops below $1, redemption still occurs in-kind (e.g., 1 BNB returned regardless of USD value)

A decentralized, transparent, and asset-backed alternative to traditional stablecoins (e.g., USDT, USDC)

Only mintable through DBANK

Usable in payments, lending, and DeFi

Redeemable only when paired with its corresponding Bond token

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Bond – Volatile Token

The Bond token complements CNUSD, representing the remaining value of the asset after $1 and absorbing market fluctuations. It reflects the volatility and serves a key function in the redemption process.

Features:

Market-dependent value

Issued alongside CNUSD (1 asset → 1 CNUSD + 1 Bond)

Redeemable only when returned with CNUSD

Bond types vary by underlying asset (e.g., ETHBond, BTCBond)

Not a derivative; it is part of the base asset’s structure and holds intrinsic value from CNUSD transaction fees

Understanding Bond in Crisis Scenarios:

Bond directly mirrors the base asset:

If BNB = $10 → Bond = 0.9 BNB

If BNB = $1 → Bond = 0 BNB

If BNB = $1000 → Bond = 0.999 BNB

Bond has both USD market value and asset ownership ratio. Even if its dollar value drops to zero, it is essential for redemption and retains functionality. Additionally, it earns from CNUSD circulation fees, maintaining cash flow.

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Token Circulation Lifecycle

1. Asset Deposit: User sends digital asset (e.g., ETH or BTC) to DBANK

2. Token Minting: DBANK issues 1 CNUSD + 1 Bond

3. Circulation: CNUSD is used in payments/DeFi; Bond can be traded, held, or used as collateral

4. Redemption: Both tokens are returned → burned → asset released

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System Stability and Incentive Mechanism

Using DBANK and the dual-token model, CNBM creates CNUSD backed by one full unit of crypto.

The model ensures:

CNUSD remains stable while asset > $1

If asset < $1, redemption still occurs in-kind

No need for fiat or intermediaries

Always redeemable, always backed, always transparent

Bond Utility for Collateral Providers:

1. Access to surplus value beyond $1

2. Share of system revenue via CNUSD transaction fees

Collateral providers lock their asset, receive a Bond, benefit from surplus value, and contribute to the stability of the system.

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System Example

Assume:

1 million CNUSD in circulation

1 million Bonds issued

Collateral = 1 million crypto assets (e.g., ETH)

ETH = $2000

Then:

Total collateral = $2 billion

CNUSD value = $1 million

Bond value = $1.999 billion

System is highly resilient; CNUSD remains redeemable with 2000x backing. Bond holders retain surplus value.

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Technical Requirements

Blockchains:

Smart contract compatibility (Ethereum, BNB Chain, Solana)

Native asset support (ETH, BNB, SOL, etc.)

Smart Contracts:

DBANK logic for issuance, redemption, burning

High security, immutability, transparency

DAO Governance:

Control over DBANK deployment

Token minting rights limited to DAO members

System Tokens:

CNUSD (stable)

Bond (volatile)

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Technical Conclusion

All necessary blockchain infrastructure already exists. CNBM requires accurate contract implementation and coordination, making it fully executable and scalable.

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Architecture and Implementation

Token Issuance Logic:

1 asset unit = 1 CNUSD + 1 Bond

No minting fee

Redemption Logic:

Full pair returned → tokens burned → asset unlocked

Fee and Revenue Model:

Fees from CNUSD circulation

60% to Bond holders

40% to DAO (used for governance token buyback/burn)

DAO Role:

Can deploy new DBANK instances

No control over existing DBANK contracts or assets

Only DAO token holders can mint CNUSD (no public minting)

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DAO Governance Structure

DAO forms before mainnet launch. DAO token holders are early backers with:

Exclusive CNUSD minting access

DAO token value upside

Powers:

Determine DBANK launch parameters

Emergency mint halt

Set fee and policy parameters

Note: DAO cannot alter existing DBANK contracts, preserving system immutability and user trust.

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Challenges and Roadmap

Main challenge: CNUSD supply scale, as each unit requires full crypto collateral.

Common solutions:

Accept tokenized RWAs (gold, stocks, real estate)

Use overcollateralized lending/liquidation models

Collateral optimization via lower-risk crypto assets

CNBM will introduce a built-in, transparent solution to address supply without compromising core principles.

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Final Summary

CNBM represents a new monetary system for the decentralized economy: stable, redeemable, transparent, and entirely crypto-native.

Its two-token system—CNUSD and Bond—interacting with DBANK ensures both user safety and economic efficiency.

By embodying principles of “decentralized stability” and “trustless redeemability,” CNBM is positioned to become a cornerstone of the future financial system.