Introduction

CNBM (Crypto-Native-Backed Minting) is a multi-chain ecosystem in the DeFi sector that fundamentally redefines the relationship between real-world assets and the digital economy. Through its innovative architecture, CNBM enables the creation of Crypto-Native Real-World Assets (CNRWAs) in two main categories:

• CNCurrencies: Decentralized, regionally relevant stablecoins like CNUSD (ecosystem's base money), CNINR, CNAED, and CNTRY
• CNAssets: Tokens backed by real-world value, such as CNGOLD (grams of gold), CNTESLA (Tesla shares), and CNOIL (barrels of oil)

Unlike traditional models, CNBM issues value directly from native crypto assets (e.g., ETH, BTC, tokenized gold), without relying on fiat reserves or centralized institutions.

Key Innovations and Advantages

Intrinsic Value & Built-in Liquidity at Mint:

CNRWAs are not symbolic or synthetic. They hold intrinsic value and redemption capability from the moment of issuance. Unlike traditional tokens that rely on secondary liquidity provisioning, these tokens are either not minted or—if minted—can always be redeemed on-chain for locked collateral.

Important: In other words: "Liquidity at birth."

DVTM – A Revolutionary Model for Tokenization

The Dual Value Tokenization Model (DVTM) splits any base asset (e.g., ETH, SOL) into:

• A Stable Token (CNRWA) suitable for payments and accounting
• A Volatile RC Token that holds the residual market value

All this occurs fully on-chain and without oracles, establishing a breakthrough foundation for native derivatives, stablecoins, and decentralized collateral systems.

Decentralized Issuance & Revenue via PD Token

CNBM has no centralized treasury or core team ownership. The entire system is owned and governed by holders of the PD Tokens (Primary Dealer Tokens) who:

• Have the exclusive right to mint CNRWAs
• Control the parameters of DBanks and RCBanks
• Receive 100% of all protocol revenue, distributed directly and transparently on-chain

Core Components

• DBank: Immutable smart contracts that mint CNRWAs and RC Tokens with no oracle or admin access. Redemption is only possible via burning both tokens together.
• RCBank: Interest-free lending engine using RC Tokens as collateral, governed by a vault buffer liquidation model (VBLM) for systemic stability.
• CNAPEX: A multi-chain issuance module enabling on-chain creation of cross-chain assets without bridges or wrapped tokens.
• CNX: A decentralized peer-to-peer exchange for settling CNAssets with real-world or crypto assets—without intermediaries.
• RDP (Recursive Derivatives Protocol): Enables multi-layered derivative assets by recursively minting from RC Tokens—introducing programmable risk and stability.

Why Buy a PD Token?

PD Token is not just a governance tool—it is a true ownership stake in the CNBM ecosystem. PD Tokens:

• Have limited supply and are only issued via fair, chain-specific launches
• Own the exclusive right to mint CNRWAs
• Unlock full access to real-time, recurring protocol revenue
• Give holders control over collateral parameters and system upgrades through PD Assembly

Participation Opportunities

For Users:

CNCurrencies (e.g., CNUSD, CNINR, CNNGN, CNTRY):

• Instant, low-cost money transfers
• Protection against fiat devaluation
• Borderless, bank-free payments
• Use as collateral in DeFi loans

CNAssets (e.g., CNGOLD, CNTESLA, CNOIL):

• Invest in real assets without brokers
• Settle commercial contracts with asset-backed tokens
• Diversify portfolios with gold, equities, and energy
• Buy fractional ownership in high-value global assets

For Investors:

Acquire PD Tokens and participate directly in the minting, governance, and revenue distribution of the CNBM ecosystem.

For Developers:

Build dApps for payments, DeFi lending and derivatives using CNCurrencies, DBanks, and CNAPEX modules.

Vision Statement

CNBM is more than just a DeFi network—it is the foundation of a new generation of global economic independence and New Economy Order.

In this system, value is minted from real collateral, ownership is fully decentralized, and financial power is distributed. CNBM doesn't just tokenize assets—it transforms them into programmable, autonomous economic units.

CNRWAs become the universal language between real-world value and smart contracts—unlocking a borderless economy powered by transparency, trustlessness, and composability.

Redefining Real-World Assets for the DeFi Future

CNBM is a blockchain ecosystem that aims to provide a secure and decentralized infrastructure linking traditional assets with Web3 and DeFi environments by introducing CNRWAs (Crypto-native Real World Assets) — tokenized, native equivalents of real-world assets.

The Problem with Current RWA Integration

In most current models, real-world assets enter the blockchain via contractual tokens. These tokens are usually tied to off-chain assets and depend on mechanisms such as collateralization, institutional commitments, or trusted custodians. As a result, what is implemented on-chain is merely a digital symbol of a physical asset, lacking intrinsic value or economic independence in a decentralized context.

The CNBM Solution

CNBM introduces a value extraction model based on crypto-native wealth to mint CNRWAs. In this process, the economic equivalent of a real world asset is sourced from native on-chain capital and directly minted as a native derivative.

These tokens are not symbolic or synthetic copies. CNRWAs are versatile financial instruments that maintain parity with their underlying assets. They enable diverse use cases, including payments, collateralization, settlement, derivatives, and secondary markets.

CNRWAs go beyond traditional tokenized RWAs, serving as a foundational architecture for native, independent, and on-chain representations of real value.

CNRWAs Minting Mechanism

The minting of CNRWAs in CNBM relies on a native on-chain structure that enables direct extraction of derivative value from volatile crypto assets. This is achieved through an innovative model known as DVTM.

Dual Value Tokenization Model (DVTM)

DVTM is an on-chain decomposition framework designed to split a volatile asset (like ETH or tokenized gold) into two independent and complementary tokens—without relying on synthetic minting or collateral-based stabilization.

In this model, a base asset is split into two tokens:

• Stable Token (Stablecoin): With a fixed value (e.g., 1 USD or 1 gram gold), suitable for payments, settlements, accounting, and store of value.
• RC Token (Volatile Token): Fully reflects price volatility of the base asset; used in speculative trades and derivative contracts.

Core Principle:

Stable Token + RC Token = Market Value of Underlying Asset

Key Features:

• No external oracles or collateral required
• Completely native, non-synthetic creation
• Independent utility of each token in DeFi
• Guaranteed preservation of total asset value

DBank: Smart Contract Engine for CNRWAs

A DBank is an immutable smart contract in CNBM that implements the DVTM model. It receives blockchain-native assets and mints the corresponding Stable Token and RC Token on-chain.

DBanks are securely isolated; the only valid interaction is through the burn function. This ensures maximal integrity for the minting process and eliminates backdoors or admin controls.

Since DBank uses the DVTM model, it does not require price oracles. Token issuance is fully on-chain and independent of any external source. All operations are transparent, auditable, and governed by CNBM's decentralized governance (PD Assembly).

Redemption of CNRWAs

Unlike common asset tokenization models, CNRWAs have a transparent, permanent, and on-chain redemption mechanism.

In synthetic models, tokens typically lack real backing and are not redeemable. In centralized models, although backing is claimed, the redemption process is not public, provable, or accessible.

In contrast, CNRWAs are always redeemable — without needing any intermediary — directly through DBank contracts. The token holder can at any time receive the crypto-native equivalent of their token value on-chain. The process is executed solely via smart contracts, with no centralized point of control.

CNBM is developing CNX (CN Exchange), a peer-to-peer settlement protocol. This decentralized marketplace enables direct exchange of CN tokens with their real-world counterparts (e.g., gold, oil, fiat currencies) — with no intermediaries, purely based on smart contracts.

CNRWA Classification

CNRWAs (Crypto-native Real World Assets) fall into two main categories:

1- CNCurrencies

Native equivalents of fiat currencies, issued transparently via smart contracts and governed by the community.
Examples: CNUSD, CNEUR, CNAED

2- CNAssets

On-chain representations of physical or financial assets such as metals, energy, or company stocks.
Examples: CNGold, CNOil, CNTesla

Markets Built on CNBM

Using CNRWAs, CNBM enables open and decentralized financial markets, including:

• CNForex Market: P2P market for trading CNCurrencies like CNUSD, CNEUR, and CNAED
• CNStock Market: Decentralized market for trading stock tokens of companies like Tesla, Apple, Samsung, and Volkswagen
• CNCommodities Market: Platform for trading commodity tokens like gold (CNGold), oil (CNOil), and coffee (CNCoffee) within DeFi environments

Community Ownership & PD Tokens

CNBM is entirely community-owned, with no central team or corporate shareholders.

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PD Tokens (Primary Dealer Tokens) serve as the protocol's core governance and utility asset, enabling holders to participate in minting, governance, and revenue distribution. PD holders:

• Are the exclusive minters of CNRWAs
• Set DBank parameters prior to deployment
• Define each CNRWA and its native backing source
• Oversee the integrity of the overall ecosystem
• Receive 100% of protocol revenues, distributed based on PD token share

PD Assembly

The PD Assembly is a decentralized governing body composed of PD token holders. It:

• Functions as the ecosystem's board of directors
• Manages system-wide upgrades and governance proposals
• Handles emergency decision-making and resolution
• Structures the proposal, voting, and approval process at the protocol level

Future Outlook of CNRWAs

CNRWAs, covering a wide range of real-world asset classes—from fiat currencies and metals to equities, energy, and commodities—are poised to become the backbone of next-generation decentralized finance.

CNRWAs are not merely a replacement for stablecoins or centralized RWAs; they establish a robust infrastructure for ownership, liquidity, and real-world utility on the blockchain.

CNCurrencies, in particular, can function as localized, programmable stablecoins—supporting national and regional financial systems without dependence on centralized monetary infrastructure.

As CNBM continues to grow and launches platforms like CNX, CNForex Market, CNCommodities Market, and more, CNRWAs will play an active role in value stabilization, real-economy integration, and strengthening the foundations of Web3 finance.

This is only the beginning. CNRWAs pave a new path for financial independence, intermediary-free settlements, and a redefinition of how value is exchanged globally — becoming the common language between real-world assets and smart contracts, a universal infrastructure for a transparent, flexible, and intermediary-free economy.

PD Tokens distinguish professional contributors from end-users. Primary Dealers manage liquidity, govern protocol parameters, and shape its direction, while regular users interact with CNCurrencies (e.g., CNUSD, CNEUR) and CNAssets for payments, trading, or savings without needing to understand the system's inner workings.

Key Functions and Features of the PD Token

• Fund the Ecosystem's Infrastructure:
  Purchasing PD Tokens directly supports the development of CNBM's core infrastructure, including smart contracts, DBank modules (Decentralized Banking Modules), CNRWAs, and development of emerging opportunities such as CNPAY and CNForex Market.
• Mint CNRWAs Exclusively:
  Only Primary Dealers have the authority to mint CNRWAs, making them the sole producers and suppliers of crypto-native stable value assets across blockchains.
• Own and Distribute All Protocol Revenue:
  All revenue generated by the protocol on a given blockchain is distributed exclusively to PD Token holders of that chain, proportional to their holdings, with no portion allocated to the initial development teams or centralized entities.
• Govern Protocol Parameters:
  Before the launch of any DBank, Primary Dealers establish and oversee critical parameters, including:
  • Types of accepted collateral
  • Loan-to-Value (LTV) ratios
  • Debt and risk configurations
  • Authorization of new DBank launches and contract upgrades
  • Adding or removing CNRWAs from the mint router whitelist through PD voting
  • Strategic oversight of RCBanks across the ecosystem
• Governance via Soft Consensus:
  The PD Assembly employs a flexible agreement model, prioritizing voluntary participation and open dialogue over rigid, token-weighted voting. Proposals aligned with ecosystem goals gain support through collaborative consensus.
• Provide Liquidity for AMMs:
  Primary Dealers can enhance the the already high liquid ecosystem's liquidity by participating in decentralized Automated Market Maker (AMM) markets for CNRWAs, ensuring effective price discovery and seamless user access.
• Multi-Chain Distribution:
  PD Tokens are distributed across multiple blockchains, each with its own pricing, caps, and early-bird discounts, ensuring inclusive and transparent access through audited smart contracts.

The PD Assembly is the collaborative hub for Primary Dealers, fostering strategic and social coordination. It replaces formal voting with open discussions and voluntary consensus, acting as a platform to shape proposals and drive protocol evolution.

Core Roles of the PD Assembly:

• Providing an open forum for ideas and proposals
• Facilitating soft consensus without enforced rules
• Coordinating actions to enhance liquidity, incentives, and ecosystem growth
• Forming voluntary working groups (e.g., development teams, liquidity pools, marketing initiatives) to advance decentralized goals

Shared Vision: Collective Success

The PD mechanism thrives on mutual benefit. Primary Dealers are united by their shared interest in growing the CNBM ecosystem, where success directly increases the value and rewards for all stakeholders.

In the CNBM architecture, PD token holders are not passive stakeholders—they are the foundational layer upon which the entire ecosystem functions.

They play the role of operator, funder, risk bearer, and economic enabler—all at once.

More than holders: they are the builders of CNBM

CNBM's core engine—DVTM, DBanks, RCBanks, CNRWA issuance—is elegant but highly technical. Without a dedicated operational layer, it would remain inaccessible to the average end-user.

That operational layer is the PD Assembly.

PD token holders take on the technical complexity, financial cost, and execution responsibility to turn cryptographic systems into real-world financial tools.

They:

• Educate themselves on protocol mechanics
• Provide base capital and cover minting fees
• Manage risk positions (via RC Tokens)
• Execute smart contract logic
• Inject liquidity into AMMs
• Monitor and govern the ecosystem's safety

And in doing so, they transform raw protocol logic into polished, usable, and trustless assets for everyday users.

Why is this essential?

Because without PD Assembly, CNBM would be too complex, too risky, and too expensive for End-users to interact with directly.

PD Assembly enables the "productization" of the protocol—packaging the raw machinery of CNBM into user-friendly, reliable assets like CNUSD, CNGOLD, or CNTESLA.

They don't just support the system—they make it usable.

PD token holders = Founders of the CNBM economy

In every chain, PD holders are the founding economic layer: They invest, build, operate, and distribute—without needing permission from any central entity.

PD Assembly is the financial and functional gateway through which CNBM becomes a living, breathing, accessible monetary layer for the world.

DVTM (Dual Value Tokenization Model) is an innovative framework that splits volatile assets (e.g., cryptocurrencies or tokenized gold) into two complementary tokens while preserving their total value. This model produces a Stable Token and a Volatile Token, each serving a distinct purpose in the DeFi ecosystem.

Stable Token:

• Maintains a fixed value (e.g., $1 or 1 gram of gold)
• Ideal for use in financial operations such as payments, accounting, or savings
• Immune to market price fluctuations

Volatile Token (Residual Claim or RC Token):

• Fully absorbs the asset's price volatility
• Suitable for investors seeking market exposure or speculative opportunities

Core Principle:
Stable Token + Volatile Token = Total Market Value of the Underlying Asset

Key Features of DVTM:

• The Stable Token remains unaffected by market volatility
• The Volatile Token reflects all price fluctuations, ensuring the combined value always matches the underlying asset's current price
• Each token operates independently and fits different financial use cases
• Both tokens are directly derived from the original asset; they are not newly created synthetic assets but represent inherent parts of the same underlying asset

Role in the CNBM Ecosystem:

DVTM serves as the foundational mechanism behind DBank smart contracts, enabling:

• Stable Tokens to be used for pegging decentralized currencies or real-world assets
• Volatile Tokens (RC Tokens) to function as new financial derivatives, representing the residual, non-stabilized market value of the asset. RC Tokens can:
  • Be used as speculative or investment instruments
  • Serve as collateral within DeFi protocols and lending systems

RC Token Valuation Formula:
RC Token = Current Market Value of Asset − Fixed Value of Stable Token (e.g., $1 or 1 gram of gold)

RC Tokens represent the uncommitted, market-sensitive portion of the original asset. They are tradeable and reflect live price dynamics.

Practical Examples:

Benefits and Impact:

• Creates a reliable stable instrument for consistent transactions
• Provides a market-exposed asset for dynamic investment strategies
• Enables a flexible collateral framework that adapts to price shifts, reducing dependency on fiat-based systems
• Allows for decomposition of a single volatile asset into two purpose-specific components, without generating synthetic tokens
• Lays the groundwork for programmable and modular finance in DeFi and Web3 ecosystems

By splitting assets into stable and volatile components, DVTM establishes a robust foundation for next-generation financial tools, enabling a new era of programmable value across decentralized systems.

Enabling Cross-Asset Valuation via DVTM

One of the defining features of CNBM's Dual Value Tokenization Model (DVTM) is its ability to establish direct value relationships between real-world and crypto-native assets—without relying on intermediaries or centralized oracles. This creates an on-chain mechanism for inter-asset price discovery.

Practical Example:

Key Features of IAPD

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1. Accurate Cross-Asset Value Discovery

DVTM not only enables issuance of stable-value tokens but also supports the discovery of precise relative value between two fundamentally different assets (e.g., BTC and gold).

2. Enabling Inter-Asset Market Models

Users can now think in BTC/Gold, ETH/Oil, or Tesla/ETH pairs—creating new pathways for trading, hedging, or collateralization based on non-fiat asset relationships.

Facilitating Crypto-Native Price Standards

By creating direct and auditable exchange ratios between real-world and crypto assets, IAPD lays the groundwork for a future where crypto itself becomes the unit of account in decentralized markets.

With IAPD:

• Assets are priced in terms of native crypto units (e.g., BTC or ETH), not just fiat benchmarks.
• Markets begin transitioning from fiat-centric value systems to crypto-native reference pricing.
• CNBM becomes a foundational step toward standardizing crypto as a reference currency in next-generation DeFi markets.

Conclusion:

DVTM in CNBM is not just a token issuance mechanism—it's an engine for systematic inter-asset price discovery.

Within this framework, crypto and real-world assets are not only tradable, but also natively priced and valued against each other, fully on-chain.

IAPD is a key enabler in the shift from fiat-dependence to a multi-asset, crypto-referenced financial system—trustless, composable, and future-ready.

Debt-Based Minting Protocol for Capital Efficiency

RCBank is the debt-layer protocol within the CNBM ecosystem that enables the issuance of CNRWA tokens (Crypto-Native Real-World Assets) using RC Tokens (Residual Claim Tokens) as collateral. Governed by the PD Assembly, RCBank serves as a complementary protocol to immutable DBank vaults, providing liquidity for RC Tokens.

Design Philosophy

DBanks in CNBM are permanently immutable after deployment, ensuring security and transparency. However, this immutability means that assets locked in DBanks can only be accessed through full redemption—returning both the CN and RC tokens.

RCBank overcomes this limitation by allowing users to borrow CNRWA tokens directly against their RC Tokens, without redeeming the base collateral. This includes assets such as CNUSD, CNGOLD, CNAED, CNTESLA, and more—issued in a transparent and trustless manner through the protocol.

How RCBank Works

1. Collateral Deposit
   The user deposits one or more RC Tokens (e.g., RCBTCUSD, RCBTCGOLD, or RCETHAED) into RCBank.
2. Asset-Pegged Valuation
   Instead of valuing the RC in USD, RCBank converts the RC Token's value into the unit of the RC Token's corresponding CNRWA (e.g., AED, grams of gold, or shares of Tesla).
3. LTV-Based Loan Calculation
   The user receives a loan equivalent to a percentage (e.g., 70%, 80%) of the RC Token's converted value in the target unit.
4. CNRWA Minting
   The RC Token's value is evaluated in the corresponding CNRWA unit, and the loan is calculated based on the LTV ratio. The requested CNRWA is then minted via the Mint Router, subject to a small loan issuance fee. This process is automated, relying on the pre-approved settings of the RCBank module whitelisted by the PD Assembly. Mint Router is designed for scalability, supporting high transaction throughput.
5. Repayment and Unlocking
   The user can repay the borrowed CNRWA at any time to unlock and retrieve the RC Token collateral. Repayment is straightforward, requiring only the return of the total borrowed CNRWA units, with minimal transaction fees as it will be outlined in the whitepaper.

Vault Buffer Liquidation Model (VBLM)

Unlike traditional systems that liquidate individual positions immediately upon breaching LTV limits, CNBM uses a Vault Buffer Liquidation Model (VBLM) to protect users systemically.

RCBank checks whether the total value of base reserves in the associated DBank still adequately covers all circulating CNRWAs. As long as the system remains overcollateralized, no liquidation occurs, even if specific positions exceed their LTV. VBLM is supported by decentralized oracles and emergency thresholds to mitigate systemic risks during market volatility.

RC-to-Asset Collateralization Logic

Each CNRWA is measured in its native unit—not USD. This includes:

• AED for CNAED
• grams for CNGOLD
• shares for CNTESLA
• tons for CNWHEAT

RCBank converts RC Token value directly into the corresponding CNRWA's unit before calculating the loan. RC Token value conversion relies on decentralized oracles to ensure accurate and tamper-resistant pricing.

This model applies universally—whether the CNRWA is a fiat-pegged token (e.g., CNUSD) or a commodity/equity (e.g., CNGOLD, CNTESLA).

Examples

Direct Redemption via DBank

All CNRWA tokens issued through RCBank are fully redeemable at the corresponding DBank at any time.
Redemption requires:

• Returning the CNRWA token
• Returning the matching RC Token

Only through this full return can the underlying base asset be unlocked from the DBank.

Dedicated Whitepapers per RCBank

Each RCBank module will have its own dedicated whitepaper, publicly released and transparently maintained.
These whitepapers define:

• Accepted RC Token types
• LTV ratios
• Liquidation mechanisms
• Risk management configurations
• Governance parameters

This ensures clear communication and trust across all end-users, developers, and PD Token holders.

RCBank Feature Summary

Guaranteed Liquidity for RC Tokens via RCBank

To ensure continuous liquidity and strengthen capital efficiency across the ecosystem, CNBM introduces a powerful additional feature: RCBank Guaranteed Buyback Mechanism.

Each RCBank module is equipped with the ability to purchase RC Tokens directly from users at any time, using available assets from the CNBM ecosystem. This buyback is conducted with a clearly defined fee, specific to each RCBank instance and transparently outlined in its dedicated whitepaper.

Unlike minting-based systems, this process is not inflationary. The RC Token purchases are funded by ecosystem treasury reserves, not through the creation of new tokens. This approach enhances price stability, reduces friction for RC holders seeking liquidity, and promotes trust in RC Tokens as versatile, tradable financial instruments.

The parameters, frequency, and fee structure of the RC Token buyback program are unique to each RCBank and governed by the PD Assembly. Full details, including pricing logic and eligible RC Token types, are specified in the whitepaper of each RCBank module.

This feature establishes RCBank not only as a debt protocol but also as a dynamic liquidity engine, ensuring RC Tokens remain redeemable, valuable, and usable across all DeFi markets within and beyond the CNBM ecosystem.

A Crypto-Native Payment Platform for Real-World Use

CNPay is a crypto-native payment platform designed to enable seamless use of tokenized fiat currencies (CNCurrencies) in everyday financial activities. Built on a dual-layer architecture and directly integrated with the DBanks of each CNCurrency, CNPay enables conversion, transfer, payments, and withdrawals — instantly, securely, and gaslessly — without relying on third parties or exchanges.

System Architecture Overview

1. On-Chain Layer (Smart Contracts)

• Handles deposits of any CNCurrency (e.g., CNUSD, CNAED, CNTRY, CNRUB) into vault contracts
• Locks funds in non-custodial smart contracts that can only be withdrawn by the user’s signature
• If the vault’s balance is insufficient for a specific CNCurrency, CNPay automatically triggers direct minting from the corresponding DBank, fulfilling the withdrawal or swap request without delay

2. Off-Chain Layer (CNPay Core)

• Maintains user balances after deposits.
• Handles swaps between CNCurrencies.
• Supports internal transfers, merchant payments, and marketplace spending
• Users sign messages with their wallet (e.g. MetaMask, Phantom wallet) — no password
• All actions (swaps, sends) require valid cryptographic signatures

User Flow Example:

1. User deposits 1,000 CNUSD on-chain via their Phantom wallet → The funds are locked on-chain
2. Backend updates their CNPay off-chain balance: +1,000 CNUSD
3. User swaps:
   • 100 CNUSD → 365 CNAED
   • 200 CNUSD → 8,057 CNTRY
   • 400 CNUSD → 31,300 CNRUB
4. They:
   • Send 100 CNAED to friend
   • Pay a merchant 2,000 CNTRY
   • Withdraw 15,000 CNRUB to on-chain wallet - If the CNRUB vault is underfunded, CNPay automatically mints CNRUB from the DBank and completes the withdrawal — no manual intervention, no waiting time.

Key Features for End-Users

• Instant Multi-Currency Swaps: Swap CNCurrencies instantly without gas or liquidity pools
• Merchant Payments: Pay merchants directly in CNCurrencies
• Peer-to-Peer Transfers: Send funds to other users with zero fees
• On-Chain Withdrawals: Withdraw any CNCurrency on-chain, even if vaults are underfunded
• Zero Fees for Receiving: Receive funds without incurring any charges
• Full Ownership: Non-custodial system — users retain control of their funds
• Multi-Currency Support: Hold and use multiple CNCurrencies (USD, AED, RUB, TRY, EUR...) simultaneously
• Smooth, Fast UX: No delays, no blockchain complexity — optimized for real-world usage

CNPay as an Unlimited Liquidity Layer

Because CNPay holds direct minting rights across all CNCurrency DBanks, it serves as an unrestricted liquidity engine for both swaps and withdrawals.

This means:

Users can always access or convert any CNCurrency they hold — even if the vault is momentarily empty.

There is no need for liquidity pools, market makers, or AMMs.

Designed Use Cases

• Pay with CNCurrencies in stores and platforms — instantly and gas-free
• Transfer funds to anyone — quickly and easily
• Convert between local fiat-pegged tokens without relying on exchanges
• Manage all your CNCurrencies in a single, unified system
• Withdraw on-chain at any time with no limitations

Introduction

CNX is CNBM's peer-to-peer settlement protocol, a multi-chain marketplace for swapping CNRWAs (e.g., CNUSD, CNGold) with real-world assets or crypto. It enables custodian-free exchanges, secured by smart contracts, bridging DeFi with tangible economies without intermediaries.

Access for End Users

CNX is accessible via a decentralized P2P interface, allowing users to list or swap CNRWAs like CNUSD for fiat or CNGold for physical gold. Transactions are on-chain, fast, and low-cost, available on multiple blockchains post-launch.

Creation and Features

CNX is built on CNBM's smart contract framework, facilitating direct swaps (e.g., CNUSD/ETH) with anti-fraud protocols. Features include real-time matching, escrow security, and multi-chain compatibility via CNAPEX, ensuring seamless, permissionless settlements.

Unified Nature Across Blockchains

CNX maintains consistent functionality across all blockchains, allowing CNRWA swaps (e.g., CNUSD redemption) without restrictions, operating as a unified, independent exchange in CNBM's multi-chain ecosystem.

Final Summary

CNX revolutionizes asset swaps as a decentralized, intermediary-free marketplace, unlocking CNBM's full potential for global financial integration.

A Natural Step in the Evolution of CNCurrencies

When CNCurrencies gain widespread adoption and become credible alternatives for daily transactions and store of value, the formation of a CN Forex Market between them is not only plausible but a natural and necessary progression.

Since all CNCurrencies are issued under a standardized collateral framework, creating direct trading pairs between them (e.g., CNEUR/CNAED or CNUSD/CNTRY) allows for the emergence of true market-driven exchange rates. These rates are determined organically through supply and demand, rather than being dictated by centralized intermediaries.

A Forward-Looking Vision

In a world where multiple credible CNCurrencies coexist—rather than relying on a single dominant dollar-backed stablecoin—the architecture of decentralized finance undergoes a profound transformation. The potential outcomes include:

• Reduced reliance on the US dollar, enabling a more balanced global financial system;
• Greater market resilience against political and economic manipulation from centralized powers;
• Localized and regional market growth, allowing for direct exchange without passing through USD-based rails or traditional exchanges;
• Empowered users who can choose currencies that better reflect their economic, regional, or cultural realities.

Ultimately, the CN Forex Market has the potential to become a 24/7, transparent, and decentralized platform for discovering real exchange rates between stablecoins. It lays the groundwork for a new architecture in global trade—one that eliminates dependency on a single central authority like SWIFT or traditional foreign exchange systems and instead supports a multi-polar DeFi ecosystem.

With its structured, reliable framework for creating, backing, and exchanging CNCurrencies, CNBM is uniquely positioned to lead this transformative shift.

Crypto Native Asset Porting & Exchange (CNAPEX) introduction

In today's multi-chain crypto ecosystem, users need seamless access to assets from various blockchains within a single chain. Traditional cross-chain bridges and wrapped tokens are slow, costly, and prone to security risks.

CNAPEX is a decentralized, on-chain solution that eliminates cross-chain bridges. It enables users to mint and hold other crypto assets directly on their chosen blockchain by locking the chain's native token, ensuring a secure and direct process without wrapped tokens.

DVTM Model

CNAPEX is built on the Dual Value Tokenization Model (DVTM), the dual-tokenization issuance framework. Each deposit of a native base asset – such as ETH or BNB – creates two complementary tokens:

• CNAsset – a Stable Token pegged to the target asset, like CNSOLANA or CNBTC.
• RCAsset – a Volatile Token reflecting the price ratio between the base and target assets, such as RCETHSOL or RCBNBBTC.

RCAssets, as core financial instruments, track the performance spread between two assets. For example:

• If ETH outperforms SOL, RCETHSOL gains value.
• If SOL outperforms ETH, RCETHSOL loses value.

These tokens enable users to speculate on or hedge cross-asset performance without directly holding either asset.

CNAPEX Deployment per Chain

Each blockchain hosts its own CNAPEX contract module, such as CNAPEX_ETH, CNAPEX_BNB, or CNAPEX_MATIC. These contracts:

• Accept the chain's native token, such as ETH, BNB, or MATIC, as collateral.
• Allow users to select from supported target assets, including BTC, SOL, AVAX, or ADA.
• Issue two tokens: a CNAsset pegged to the selected asset and an RCAsset reflecting the native-to-target price ratio.
• Use dynamic minting ratios based on real-time volatility and market policies.

CNAPEX Process Flow

1. A user locks native collateral, such as ETH, in the corresponding CNAPEX contract, like CNAPEX_ETH.
2. The user selects a target asset, such as SOL, from the supported mint list.
3. The protocol issues two tokens: CNSOLANA, pegged to 1 SOL, and RCETHSOL, reflecting the ETH/SOL price ratio.
4. The base asset remains locked until both tokens are returned and redeemed.
5. CNAPEX charges minting and redemption fees based on the minted value.

Debt Issuance on RCAssets

CNAPEX supports an advanced lending mechanism for RCAssets. Users can borrow against their RCAssets' value, replacing locked base collateral with active debt positions. This approach unlocks liquidity while maintaining full collateralization, enabling leveraged exposure, synthetic yield farming, and volatility-based hedging strategies.

Key User Benefits

• Create other assets directly on-chain.
• Hold all assets on a single blockchain.
• Operate securely without wrapped tokens or trust assumptions.
• Trade or hedge using RCAssets.
• Enjoy a simple, predictable user experience.
• Unlock liquidity by borrowing against RCAssets.
• Choose from multiple target assets for minting.
• Speculate on cross-asset performance without direct exposure.

Deployment Examples

Use Cases

• Multi-asset portfolios: Mint CNBTC, CNSOL, or CNAVAX on a preferred chain without bridging.
• Volatility trading: Profit from asset dominance shifts using RCAssets without holding either token.
• Stablecoin infrastructure: Use CNAssets as stable synthetic tokens in lending, liquidity pools, or synthetic protocols.
• Treasury diversification: Hold CNGold, CNUSD, or CNETH on one chain to diversify without bridging.
• Hedging strategies: Lock value with CNAssets and sell RCAssets to minimize volatility exposure.
• Developer integration: Incorporate external assets into dApps using CNAPEX modules without wrapping or bridges.

Conclusion

CNAPEX, a foundational module in the CNBM architecture, enables any blockchain to act as an independent platform for external assets without bridges, custodians, or trust assumptions. It provides a secure, composable way to create, hold, and trade multi-chain assets directly on the user's chosen chain.

CNAPEX empowers users to create any asset on any chain with ease and security.

RC-on-RC Token Minting with High Collateral Tolerance

Introduction

In the CNBM architecture, RC tokens go beyond simple price ratios between two assets. They are intelligent financial instruments that capture complex market dynamics, such as cross-asset correlations and volatility patterns. These tokens can serve as collateral for higher-level derivatives, enabling the CNBM Recursive Derivatives Protocol (RDP). The RDP is a system for creating layered financial instruments with enhanced stability and flexibility. This protocol redefines DeFi derivatives, offering new opportunities for risk management and asset creation.

Recursive Minting in CNBM

In the CNBM architecture, recursive minting allows RC tokens to serve as collateral for creating new tokens, forming layered financial structures. In a DVTM cycle (Dual Value Tokenization Model, CNBM's process for issuing paired derivative tokens), an RC token is locked to produce two new tokens:

• CNToken: A stable asset pegged to a specific value.
• New RC Token: Representing the price ratio between the previous RC and a new asset.

This minting process can continue across multiple layers, subject to practical constraints like liquidity and risk. Simply put, recursive minting enables users to build new tokens by reusing existing ones as collateral.

Multilayered Example

To illustrate recursive minting, consider the following example using specific assets and naming formulas:

1. 1 ETH is used to mint CNSOL (a Stable Token pegged to Solana) and RCETH/SOL (a token representing the ETH/SOL price ratio).
2. RCETH/SOL is locked to mint CNGOLD (a Stable Token token pegged to one gram of gold) and RC(RCETH/SOL)/GOLD (representing the ratio of RCETH/SOL to GOLD).
3. RC(RCETH/SOL)/GOLD is used to mint CNRIP (a Stable Token token pegged to a hypothetical asset, RIP) and RC(RC(RCETH/SOL)/GOLD)/RIP.

This formula represents the price ratio of ETH relative to a composite index of Solana, one gram of gold, and the hypothetical asset RIP. In simple terms, it shows how recursive minting creates tokens that reflect complex, layered market relationships. Note that SOL, GOLD, and RIP are used as illustrative assets to demonstrate the concept, with RIP being a hypothetical example.

Collateral Tolerance & Stability

Contrary to initial assumptions, deeper layers of RC tokens do not necessarily reduce stability. Recursive RC tokens benefit from counterbalancing market volatilities by leveraging diversified asset correlations, making them less sensitive to individual asset shocks and more stable at deeper layers.

Comparative Stability Table

Collateral Model	Volatility Sensitivity (% Deviation, 30 Days)	Overall Stability (Stability Coefficient)
Raw ETH	High (15–25%)	Low (0.3–0.5)
Single-layer RC	Medium (8–15%)	Medium-High (0.6–0.8)
Recursive RC (Layer 3+)	Low (5–10%)	High (0.8–0.9)

Suggested LTV Parameters:

• RC (Layer 2): LTV ≤ 40%, suitable for moderately volatile markets.
• RC (Layer 3 or higher): LTV ≤ 25–30%, recommended for high-stability applications.
• Margin buffer: ≥ 20% above historical volatility, calculated as the 30-day standard deviation of price ratios.

In simple terms, recursive RC tokens achieve greater stability by balancing fluctuations across multiple assets, making them reliable for complex financial structures.

Future-Facing Applications

The CNBM Recursive Derivatives Protocol opens up a range of innovative applications in DeFi:

• Collateralized Lending Systems: Users can borrow Stable Tokens like CNSOL using RC tokens as collateral, eliminating the need for raw assets like ETH.
• Non-USD Stablecoins: Stablecoins pegged to RC-based index baskets (e.g., a mix of SOL, GOLD, and RIP) offer alternatives to USD-backed assets.
• Derivative Markets: Complex RC structures enable trading of layered derivatives, such as options based on RC(RCETH/SOL)/GOLD ratios.
• Treasury Strategies: Protocols can diversify treasuries by holding RC-derived assets, balancing risk across multiple markets.
• Autonomous Treasury Policy: Smart contracts can automatically adjust treasury allocations based on RC price ratios, optimizing for stability and yield.

In simple terms, these applications allow DeFi platforms to create new financial tools, from stablecoins to automated asset management, using RC tokens as a foundation.

Conclusion

The CNBM Recursive Derivatives Protocol introduces a novel approach to DeFi by leveraging layered RC tokens to create sophisticated financial instruments. These tokens enable a new category of assets, characterized by enhanced stability and flexibility, suitable for applications like stablecoins, lending, and treasury management. By providing a robust framework for risk management and asset creation, CNBM paves the way for innovative financial structures in decentralized finance.

The PD Token sale program will officially begin in Q2 2025.

Token distribution will follow a Fair Launch model based on the dedicated whitepaper for each PD Token.

As the ecosystem expands across new blockchain networks, the sale of PD Tokens will continue to grow accordingly.

For more information and to access the whitepaper and official website of each token, please refer to the relevant chain website. Currently PD Solana is in action.

All revenue generated from CNRWA transfer fees and other ecosystem income is distributed transparently on-chain:

• 100% → goes to PD token holders

There is no centralized development fund. The team earns income solely by holding PD tokens, just like any other participant.

Ownership in CNBM is not merely symbolic — it represents real-time, transparent access to actual on-chain cash flow.

Decentralized Ownership Model

This ownership model is fully decentralized, dynamic, and market-driven, as PD tokens are freely tradable, transferable, and accumulable in real time — meaning ownership is constantly re-definable.

Overview

The CNBM (Crypto-Native-Backed Minting) protocol is a multi-chain, decentralized framework for issuing Crypto-Native Real-World Assets (CNRWAs) backed by native crypto assets. It emphasizes on-chain transparency, immutability, and community governance without reliance on fiat, oracles, or centralized entities. Core to the protocol is the Dual Value Tokenization Model (DVTM), which decomposes volatile assets into stable CNRWAs and volatile RC Tokens, ensuring intrinsic value and redeemability from mint.

Executive Summary

Introduction

CNBM redefines DeFi by enabling CNRWAs in two categories:

• CNCurrencies: Regionally pegged stablecoins (e.g., CNUSD as base money, CNINR, CNAED, CNTRY).
• CNAssets: Real-world backed tokens (e.g., CNGOLD for gold grams, CNTESLA for shares, CNOIL for barrels).

Issuance uses native crypto (e.g., ETH, BTC, tokenized gold) via DVTM, providing "liquidity at birth" through on-chain redemption.

Key Innovations and Advantages

• Intrinsic Value & Built-in Liquidity: CNRWAs are redeemable for locked collateral immediately upon mint.
• DVTM: Splits assets into stable CNRWA and volatile RC Token on-chain, no oracles.
• Decentralized Issuance & Revenue: Governed by PD Tokens; 100% revenue to holders.

Core Components

• DBank: Immutable minting contracts for CNRWAs and RC Tokens; burn-only redemption.
• RCBank: Interest-free lending against RC Tokens using Vault Buffer Liquidation Model (VBLM).
• CNAPEX: Bridge-free cross-chain asset minting.
• CNX: P2P exchange for CNRWA settlements.
• RDP: Recursive minting for layered derivatives.

Why Buy a PD Token?

PD Tokens offer ownership: limited supply via fair launches, minting rights, revenue access, governance via PD Assembly.

Participation Opportunities

• Users: CNCurrencies for transfers/loans; CNAssets for investments/settlements.
• Investors: Acquire PD Tokens for minting/governance/revenue.
• Developers: Build on CNCurrencies/DBanks/CNAPEX.

Vision Statement

CNBM fosters global economic independence through decentralized, programmable CNRWAs.

Introduction

Redefining Real-World Assets for the DeFi Future

CNBM links traditional assets to Web3 via CNRWAs—native, on-chain equivalents with intrinsic value.

The Problem with Current RWA Integration

Traditional RWAs rely on off-chain ties, custodians, lacking decentralized independence.

The CNBM Solution

Extracts value from on-chain crypto to mint non-synthetic CNRWAs for payments, collateral, etc.

CNRWAs Minting Mechanism

Uses DVTM for direct derivative extraction from volatile assets.

Dual Value Tokenization Model (DVTM)

Splits asset into Stable Token (fixed value) and RC Token (volatile); sum equals base value. Features: oracle-free, native creation, independent utilities.

DBank: Smart Contract Engine for CNRWAs

Immutable; mints via DVTM; burn-only interactions.

Redemption of CNRWAs

On-chain via DBank burn; physical via CNX P2P.

CNRWA Classification

• CNCurrencies: Fiat equivalents (e.g., CNUSD).
• CNAssets: Physical/financial (e.g., CNGOLD).

Markets Built on CNBM

CNForex, CNStock, CNCommodities via P2P/AMMs.

Community Ownership & PD Tokens

Fully community-owned; PD holders mint, govern, receive revenue.

PD Assembly

Decentralized board for upgrades, proposals.

Future Outlook of CNRWAs

Backbone for DeFi; enable localized stablecoins, real-economy integration.

PD Token

PD Tokens represent ecosystem ownership on each chain, akin to native assets like ETH/SOL.

PD Token

Distinguishes contributors; funds infrastructure, exclusive minting, revenue distribution, parameter governance, soft consensus, AMM liquidity, multi-chain distribution.

PD Assembly

Collaborative hub for ideas, consensus, coordination, working groups. Thrives on mutual benefit.

PD Assembly's Importance

PD holders as builders: handle complexity, capital, risk; productize protocol for users. Foundational economic layer.

DVTM

Token Issuance Mechanism

Splits volatile assets into Stable (fixed) and Volatile (RC) Tokens. Formula: Stable + RC = Base Value. Features: volatility isolation, independent use, non-synthetic. RC Valuation: Base Price - Fixed Stable.

Examples:

Benefits: Stable transactions, dynamic investments, flexible collateral.

Inter-Asset Price Discovery (IAPD)

Establishes on-chain asset ratios via DVTM (e.g., 1 BTC = 1 CNGOLD + RCBTCGold → BTC/Gold ratio).

Features:

• Cross-asset discovery.
• Inter-asset markets (e.g., BTC/Gold pairs).
• Crypto-native standards; shift from fiat-dependence.

Minting Core

DBank

Overview

Backbone for CNRWA issuance; asset-pair specific (e.g., DBankETHUSD). Immutable post-deployment.

Process:

1. Deposit volatile asset.
2. Lock in contract.
3. Mint RC + CNRWA via Router.
4. Redeem via burn.

Architecture:

Single Mint Contract per CNRWA; whitelisted routers; interoperability.

Features:

PD-exclusive mint; DBank-specific redeem; fixed collateral; per-DBank whitepaper; burn-only access.

Role:

Bank-free issuance, transparent minting, multi-collateral.

DBankX

Uses CNUSD (Base Money) for advanced features.

• Base Money (CNUSD): Minted via DVTM; enables other CNRWAs.
• Debt Issuance: Zero-interest borrowing against CNUSD.
• AutoLoop: Automated mint/debt/reinvestment cycles.

RCBank

Debt protocol for CNRWA issuance against RC collateral.

Philosophy:

Complements DBank immutability with liquidity.

Process:

1. Deposit RC.
2. Value in CNRWA unit.
3. LTV-based loan.
4. Mint CNRWA via Router (fee).
5. Repay to unlock.

VBLM:

System-wide overcollateralization; no immediate liquidations.

Logic:

Native unit conversion; oracle-based.

Examples:

Redemption: Via DBank burn.

Per-RCBank whitepapers define params.

Features Summary:

Guaranteed Buyback: Protocol buys RC for liquidity (non-inflationary, fee-based).

CNRWAs

CNCurrencies

Overview

Decentralized stablecoins pegged to fiat (e.g., CNEUR, CNAED); backed by on-chain assets.

Issued via DVTM: Stable (fiat-pegged) + RC (residual).

Formula: 1 Base = 1 CNCurrency + 1 RC (tied to peg).

Collateral: Dynamic per DBank, not fixed %.

Role: Backbone for CN FX; payments, lending.

Use Cases

• Low-cost borderless payments.
• NFC wallets for tourists.
• Resilient store of value.
• Borrowing with stronger currencies.
• Staking rewards in other currencies.
• Local economy empowerment.

Base Money (CNUSD)

Pegged to USD; mints via DVTM. Accessible via pools/exchanges; zero-transfer fees. Enables Debt Issuance/AutoLoop. Revolutionizes as fully decentralized stablecoin.

CNAssets

Overview

Tokens for RWAs (metals, energy, stocks, etc.); backed by crypto-native assets.

DVTM: CNAsset (fixed unit) + RC (residual).

Philosophy: Aligned, non-custodial tokenization.

In Action:

IAPD: Direct ratios (e.g., BTC/Gold).

Redemption: On-chain burn; physical via CNX P2P.

Stable Payments: Use as asset-backed currencies (e.g., pay with CNOIL).

Use Cases

• Trade medium in unstable regions.
• Investment/speculation.
• Retail expansion (e.g., global CNGOLD sales).
• DeFi trading on CNStock/CNCommodities.
• Value preservation without physicals.
• Global stock access.
• Instant settlements.
• Portfolio diversification.
• Collateral with RC.
• Fractional ownership.
• Sustainable trading (e.g., CNCarbon).
• Supply chain financing.
• CNX for physical swaps.

RC Token

Dynamic residuals from DVTM: Base Price - Fixed Stable.

Formula: RC = Current Price - Reserved (e.g., $1 for CNUSD).

Examples:

Properties: Real representation, volatile/tradable, DBank redemption.

Uses: Collateral for base loans (DBank, LTV-based, 0% interest); stable loans (RCBank).

Benefits: Liquidity unlock, capital efficiency, foundation for collateral systems.

RWA Collateral Integration

DBanks use tokenized RWAs (gold, equities) alongside crypto for CNRWA issuance.

Process: Vetted assets; multi-collateral (e.g., gold + ETH for CNUSD).

Evolution: CNRWAs as collateral in new DBanks (e.g., CNGOLD for CNUSD).

Features: Composability, efficiency, decentralized expansion, reduced fiat reliance.

Emerging Opportunities

CNPAY

Crypto-native eWallet for gasless CNCurrency transactions.

Architecture:

• On-Chain: Vaults for deposits/withdraws, minting via DBankX/CNUSD.
• Off-Chain: Balances, swaps, transfers (signed).
• Unique: Single CNUSD liquidity, instant usability.

Non-custodial, governed by PD.

CNX: Crypto-Native Exchange

P2P multi-chain marketplace for CNRWA swaps with real-world/crypto.

Access: Decentralized interface; on-chain transactions.

Features: Direct swaps, escrow, anti-fraud, CNAPEX compatibility.

Unified across chains.

The CN Forex Market

Organic evolution: Market-driven pairs (e.g., CNEUR/CNAED) via AMMs.

Vision: Balanced, resilient global system; reduced USD reliance.

Note: CNBM enables, doesn't build.

CNAPEX

Bridge-free asset porting: Mint cross-assets by locking native (e.g., ETH for CNSOLANA + RCETHSOL).

Deployment: Per-chain contracts.

Process: Lock, select target, mint pair, fees.

Debt on RC: Unlock liquidity.

Benefits: Single-chain holdings, hedging.

Examples:

Use Cases: Portfolios, trading, infrastructure.

Recursive Derivatives Protocol

RC-on-RC minting for layered instruments.

Introduction: Captures correlations; enables RDP for stability/flexibility.

Process: Lock RC for new CN + higher RC; multi-layers.

Example: ETH → CNSOL + RCETH/SOL → CNGOLD + RC(RCETH/SOL)/GOLD → etc.

Stability: Deeper layers reduce volatility.

LTV: Layer 2 ≤40%; Layer 3+ ≤25-30%.

Applications: Lending, non-USD stables, derivatives, treasuries.

Economics and Issuance

PD Tokens Issuance Program

Sale began Q2 2025; fair launch per whitepaper/chain.

Expands with networks; details on chain sites.

Currently: PDSOL on Solana (visit pdsol.org for whitepaper/website).

Ownership and Revenue

100% fees (transfers, etc.) to PD holders on-chain.

No central fund; team via PD holdings.

Model: Decentralized, tradable; dynamic ownership.

CNBM stands out in the decentralized finance (DeFi) landscape by redefining how real-world assets (RWAs) are integrated into blockchain ecosystems. Through its innovative architecture, CNBM offers unique advantages over traditional RWA tokenization models, centralized stablecoins, and other DeFi protocols. Below are the key competitive advantages and differentiators that position CNBM as a transformative force in Web3 finance, distinguishing it from legacy RWA models, synthetic protocols, and traditional stablecoin systems.

1. Crypto-Native Value Extraction with DVTM (No Fiat Dependency)

Advantage: CNBM's Dual Value Tokenization Model (DVTM) splits volatile assets into stable (CNRWAs) and volatile (RC Tokens) components without relying on synthetic minting, external oracles, or over-collateralization. This creates true crypto-native equivalents of real-world assets.

Differentiation: Unlike traditional RWA models that issue symbolic tokens tied to off-chain assets or centralized custodians, CNBM mints CNRWAs (e.g., CNUSD, CNGold) directly from on-chain capital, ensuring intrinsic value and economic independence within DeFi making it resilient, permissionless, and censorship-resistant.

Impact: Enables a decentralized, transparent, and intermediary-free framework for asset tokenization, reducing counterparty risk and enhancing trust.

2. Immutable and Secure DBank Architecture

Advantage: DBanks, the smart contract engines for CNRWA issuance, are permanently immutable post-deployment, with no admin controls or backdoors. Access to locked assets is restricted to the burn mechanism, ensuring maximum security.

Differentiation: In contrast to centralized or semi-centralized platforms where custodians or governance bodies can alter rules, CNBM's DBanks are trustless and tamper-proof, governed solely by transparent smart contracts.

Impact: Provides unparalleled security and reliability, making CNBM a robust foundation for DeFi applications and fostering user confidence.

3. Transparent and Trustless Redemption

Advantage: CNRWAs are fully redeemable on-chain through DBanks without intermediaries, using only the corresponding CNRWA and RC Token.

Differentiation: Unlike synthetic tokens or centralized RWAs, which often lack provable backing or accessible redemption, CNBM ensures every token is redeemable transparently.

Impact: Builds trust and usability, enabling seamless integration of real-world value into DeFi markets and everyday transactions.

4. Community-Driven Ownership and Governance

Advantage: CNBM is 100% community-owned, with no centralized team or corporate shareholders. PD Token holders exclusively govern the ecosystem, mint CNRWAs, and receive all protocol revenue.

Differentiation: Most DeFi protocols allocate significant revenue to development teams or VCs, whereas CNBM distributes 100% of its revenue (e.g., transfer fees) to PD Token holders, aligning incentives with the community.

Impact: Fosters a decentralized, equitable ecosystem where stakeholders directly benefit from growth, encouraging active participation and long-term commitment.

5. Diverse and Multi-Collateral Framework

Advantage: CNBM supports a wide range of collateral types, including cryptocurrencies (ETH, BTC), tokenized RWAs (gold, equities), and even CNRWAs themselves, enabling flexible and resilient token issuance.

Differentiation: Traditional stablecoins rely on fiat reserves or single-asset collateral, exposing them to volatility or custodial risks. CNBM's multi-collateral approach diversifies risk and enhances stability.

Impact: Creates a scalable and adaptive financial system capable of supporting diverse assets and markets, from CNCurrencies to CNAssets, without dependence on fiat gateways.

6. CNPAY Innovation

Advantage: Enables gasless off-chain transactions for CNCurrencies via non-custodial vaults and CNUSD-backed minting. Supports zero-fee swaps/transfers/payments; single CNUSD liquidity simplifies adaptation.

Differentiation: Hybrid architecture: Off-chain speed + on-chain security; PD-governed, admin-free; credit-based minting avoids DEX dependency; tailored for CNCurrencies as active money.

Impact: Boosts adoption with everyday utility in payments/remittances; drives CNRWA demand/revenue; promotes inclusion in volatile economies; transforms DeFi into global payment network.

7. CNX as a Peer-to-Peer Settlement Protocol

Advantage: CNAPEX eliminates the need for risky cross-chain bridges by allowing users to mint assets from other blockchains (e.g., CNSOLANA on Ethereum) using native tokens, secured by DVTM.

Differentiation: Unlike wrapped tokens or bridge-based solutions prone to hacks and inefficiencies, CNAPEX offers a secure, on-chain mechanism for accessing multi-chain assets without custodians.

Impact: Simplifies asset portability, enhances security, and supports a unified DeFi ecosystem, making CNBM a leader in cross-chain innovation.

8. Innovative CNAPEX for Cross-Chain Interoperability

Advantage: Custodian-free P2P swaps for CNRWAs with real-world/crypto; smart contract escrow/anti-fraud; multi-chain, low-cost; versatile for physical settlements.

Differentiation: Specialized in CNBM assets/physical redemptions; unified cross-chain via CNAPEX; community-governed; on-chain focus vs. custodial platforms.

Impact: Democratizes RWA access/fractional ownership; enhances liquidity/trading volumes; reduces risks in DeFi; enables borderless economy integration.

9. Recursive Derivatives Protocol for Advanced Financial Instruments

Advantage: The Recursive Derivatives Protocol (RDP) enables layered RC Tokens to serve as collateral for new derivatives, creating complex yet stable financial instruments with high capital efficiency.

Differentiation: Most DeFi derivatives are synthetic or tied to single assets, limiting their scope. CNBM's RDP leverages recursive minting to balance volatilities across assets, offering greater stability and flexibility.

Impact: Unlocks sophisticated use cases like non-USD stablecoins, collateralized lending, and treasury diversification, positioning CNBM at the forefront of DeFi innovation.

10. Decentralized CN Forex and Commodities Markets

Advantage: CNBM enables organic formation of decentralized markets (e.g., CN Forex, CNStock, CNCommodities) for trading CNCurrencies and CNAssets, driven by real market rates and free of intermediaries.

Differentiation: Traditional forex and commodity markets rely on centralized exchanges with high fees and delays. CNBM's markets operate 24/7 on-chain, offering low-cost, instant settlements.

Impact: Empowers global users with accessible, transparent trading platforms, reducing reliance on USD-based rails and fostering regional financial autonomy.

11. Real-World Utility and Economic Integration

Advantage: CNRWAs, including CNCurrencies (e.g., CNEUR, CNAED) and CNAssets (e.g., CNGold, CNTesla), are designed for practical use cases like payments, collateral, and supply chain financing, bridging DeFi with real-world economies.

Differentiation: Many DeFi protocols focus on speculative trading, lacking real-world applicability. CNBM's tokens are programmable, asset-backed, and usable in diverse scenarios, from borderless payments to fractional ownership.

Impact: Drives adoption by connecting blockchain finance to tangible economic activities, making CNBM a cornerstone for Web3's integration with global markets.

12. Inclusive, Localized Financial Infrastructure

Advantage: With stable assets pegged to local currencies and backed by universal crypto collateral, CNBM empowers underserved regions with currency alternatives (e.g., CNTRY), inflation protection, and borderless savings and payments.

Differentiation: Unlike traditional financial systems that marginalize regions with unstable currencies, CNBM's CNCurrencies and CNAssets provide accessible, decentralized financial tools tailored to local economic realities.

Impact: Promotes financial inclusion, protects against local currency volatility, and enables global economic participation for underserved communities.

In Summary:

CNBM redefines DeFi by combining crypto-native innovation with real-world asset integration, offering a secure, transparent, and community-driven ecosystem. Its unique features—DVTM, immutable DBanks, trustless redemption, advanced protocols like CNAPEX and RDP, and inclusive financial infrastructure—set it apart from traditional and competing DeFi models. By enabling decentralized markets, cross-chain interoperability, practical applications, and localized financial access, CNBM paves the way for a resilient, inclusive, and intermediary-free financial future.

Blockchain protocols in decentralized finance (DeFi) face numerous challenges, from technical vulnerabilities to market and regulatory uncertainties. CNBM is fully aware of these realities and has identified key risks associated with its ecosystem. The following outlines the primary risks and CNBM's comprehensive mitigation strategies, ensuring stability, security, and resilience across multiple blockchains. This proactive approach fosters stakeholder confidence in CNBM's vision for a transparent and decentralized financial future, bridging Web3 with real-world economies through Crypto-Native Real-World Assets (CNRWAs).

1. Security Risks

Risk: Smart contracts underpinning DBank, DBankX, RCBank, CNAPEX, and CNRWA issuance may be vulnerable to hacks, code exploits, or logical errors, potentially leading to asset loss, unauthorized minting, or ecosystem disruption across multiple blockchains.

Mitigation Strategies:

• Rigorous Smart Contract Audits: CNBM ensures all smart contracts, including DBanks, RCBanks, Mint Router, and CNAPEX modules, will undergo thorough audits by Certik before deployment. Post-deployment, DBanks are immutable, eliminating risks of post-launch modifications.
• Immutable DBank Architecture: DBanks are designed to be permanently immutable after deployment, with no admin controls or backdoors. The burn-only access mechanism reduces attack surfaces across all supported blockchains.
• Decentralized Governance for Upgrades: Protocol upgrades (e.g., new DBank deployments, CNAPEX modules) are managed through the PD Assembly's decentralized governance, requiring transparent proposals and soft consensus, with testing on blockchain testnets.
• Bug Bounty Program: CNBM will maintain an active $500,000 Bug Bounty program post-launch, incentivizing white-hat hackers to identify vulnerabilities, reinforcing security.
• Secure Mint Router Design: The Mint Router, routing Mint and Burn instructions, is audited and restricted to whitelisted DBanks, preventing unauthorized access or manipulation across chains.

2. Risk of Fiat Currency Devaluation or Collapse

Risk: Fiat currencies linked to CNCurrencies (e.g., CNTRY for Turkish Lira) may experience significant devaluation or collapse during economic crises, potentially impacting user trust.

Mitigation Strategies:

• Intrinsic Value via Collateral: CNCurrencies (e.g., CNTRY) are backed by diverse on-chain collateral (e.g., ETH, tokenized gold or CNUSD Base Money), not fiat reserves. Even if a fiat currency like TRY collapses, CNTRY retains intrinsic value through redeemable collateral, accessible via DBanks or CNX.
• Multi-Collateral Framework: CNBM employs a multi-collateral approach, combining cryptocurrencies and tokenized RWAs. If one collateral type underperforms, users can redeem CNCurrencies through alternative assets, preserving value.
• PD Assembly Oversight: The PD Assembly monitors collateral health and can propose adding new, stable collateral types (e.g., low-volatility RWAs) to maintain CNCurrency stability, ensuring adaptability to economic shifts.
• Transparent Redemption: CNBM's on-chain redemption mechanism allows users to convert CNCurrencies to crypto-native collateral at any time, reinforcing ecosystem resilience.

3. Risk of Crypto Market Volatility

Risk: Cryptocurrency collateral (e.g., ETH) used in DBanks may experience severe price volatility or significant value drops, threatening CNRWA stability and user confidence.

Mitigation Strategies:

• Diversified Collateral Portfolio: CNBM mitigates crypto volatility by backing CNRWAs with a mix of cryptocurrencies (e.g., ETH) and tokenized RWAs (e.g., gold, equities), reducing exposure to single-asset price swings.
• Vault Buffer Liquidation Model (VBLM): RCBanks use VBLM to prevent premature liquidations during market volatility. As long as total collateral in associated DBanks remains overcollateralized, individual positions are protected, enhancing stability.
• Dynamic Collateral Ratios: The PD Assembly sets dynamic collateral requirements for DBanks, adjusting based on market conditions to ensure sufficient backing for CNRWAs.
• Recursive Derivatives for Stability: The Recursive Derivatives Protocol (RDP) leverages layered RC Tokens to create stable financial instruments, balancing volatilities across assets and reducing sensitivity to crypto market shocks.

4. Regulatory and Legal Risks

Risk: CNCurrencies and CNAssets may face varying regulatory requirements across jurisdictions, particularly due to fiat-pegged names (e.g., CNUSD, CNEUR). Misinterpretation as fiat-backed assets or non-compliance with securities laws could pose challenges.

Mitigation Strategies:

• No Fiat Dependency: CNCurrencies use fiat names for user familiarity but are backed by on-chain crypto assets (e.g., ETH), not fiat reserves, eliminating reliance on traditional financial systems and clarifying their decentralized nature.
• Legal Consultation for RWA Integration: CNBM collaborates with blockchain legal experts to ensure tokenized RWAs (if ever integrated) comply with global standards for asset tokenization, including anti-money laundering (AML) and know-your-customer (KYC) requirements where applicable.
• Non-Custodial Design: CNBM's decentralized, non-custodial structure eliminates exposure to regulatory interventions, as no central entity holds user assets or controls the protocol.
• Transparent Communication: CNBM communicates its fiat-independent model through whitepapers and community channels, reducing regulatory misinterpretation risks.

5. Liquidity Risks

Risk: The success of the CN Forex Market and CNCurrency adoption depends on high liquidity for currency pairs (e.g., CNEUR/CNAED). Low liquidity could lead to rate volatility or poor user experience.

Mitigation Strategies:

• Liquidity solution offered through CNPAY helps gradual market adaptation without the need for AMMs for all CNCurrencies.
• Incentive programs, such as staking rewards, to encourage liquidity provision.
• Partnerships with decentralized exchanges like Uniswap to boost CNCurrency liquidity.

6. Adoption Risks

Risk: Widespread CNCurrency adoption may face challenges due to competition with dollar-based stablecoins (e.g., USDT, USDC) or lack of user awareness.

Mitigation Strategies:

• Focus on Non-Dollar CNCurrencies: Instead of directly competing with dollar-based stablecoins, CNBM invests in non-dollar Stable Tokens like CNRUB (Russian Rubles), CNTRY (Turkish Lira), CNTOM (Thai Tomans), CNINR (Indian Rupees), CNIRR (Iranian Rials), and CNYEN (Chinese Yuan). This strategy fills the gap for non-dollar stablecoins, boosting adoption in local economies, such as promoting CNRUB in Russia or CNINR in India.
• Targeted Marketing Campaigns: Leveraging platforms like X and campaigns like #CNBM to raise awareness in key regions.
• Business Integration: Collaborating with e-commerce platforms to accept CNCurrencies as payment options.
• Early Adopter Incentives: Limited airdrops and staking rewards to accelerate adoption.

Why It Matters

CNBM's risk analysis and mitigation strategies reflect its commitment to a secure, sustainable, and trustworthy ecosystem. By anticipating security, fiat, crypto, regulatory, liquidity, and adoption challenges, and implementing robust measures like multi-collateral backing, stable redemption, a $500,000 Bug Bounty, and a non-dollar stablecoin focus, CNBM safeguards user interests. This transparent approach positions CNBM as a pioneer in decentralized finance, ready to shape a fair and inclusive future.

CNBM is advancing its mission through a comibnation of perfect planning and community engagements. CNBM has conducted feasibility testing for CNUSD issuance on the Solana testnet and consulted experts to validate its components, laying a robust foundation for multi-chain deployment.

This page will be regularly updated to reflect new milestones as CNBM projects are launched and the PD Assembly is shaped, ensuring transparency for stakeholders.

Below is a comprehensive summary of CNBM's key achievements to date, highlighting its early-stage efforts and commitment to a multi-chain vision.

Key Milestones and Achievements

1. Conceptual Design of DVTM Framework

• Achievement: Completed the conceptual design of the Dual Value Tokenization Model (DVTM), outlining its ability to create stable CNCurrencies and volatile RC Tokens without external oracles or synthetic minting.
• Impact: The DVTM framework positions CNBM as an innovator in RWA tokenization, enabling stable assets like CNCurrencies for payments and dynamic tokens for investments.
• Status: Design finalized, development is ongoing for CNUSD.

2. Design of DBank Architecture

• Achievement: Developed the design for immutable DBank smart contracts to mint CNCurrencies and manage collateral (e.g., ETH), with a burn-only redemption mechanism.
• Impact: DBanks will ensure trustless, secure CNRWA issuance, supporting CNBM's multi-chain vision by providing a scalable foundation for decentralized minting.
• Status: Design phase completed, development in Q3 2025 for CNUSD.

3. Feasibility Testing of DVTM for CNUSD on Solana Testnet

• Achievement: Conducted feasibility testing for DVTM on the Solana testnet, validating its ability to split volatile assets into stable CNUSD and RC Tokens through Dbank smart contract.
• Impact: Early testing confirms DVTM's technical viability, strengthening CNBM's foundation for robust multi-chain implementation.
• Status: Solana testnet testing for CNUSD was successful.

4. Feasibility Testing of DBank for CNUSD on Solana Testnet

• Achievement: Validated the DBank concept on the Solana testnet for CNUSD issuance, testing its potential to mint CNUSD, manage collateral, and issue RC Tokens using DVTM.
• Impact: Testnet results demonstrate the feasibility of trustless CNUSD minting.
• Status: Solana testnet testing for CNUSD was successful.

5. Design of RCBank Debt-Based Minting Model

• Achievement: Formulated the design for RCBanks, a debt-based minting model to issue CNCurrencies against RC Tokens and developed the Vault Buffer Liquidation Model (VBLM) detailed plan.
• Impact: RCBanks will enhance capital efficiency by enabling debt-based CNRWA minting, with VBLM ensuring systemic stability across blockchains.
• Status: Design phase completed, planned for development in Q4 2025.

6. Design of CNPay for Off-Chain Gasless CNCurrency Infrastructure

• Achievement: Finalized the architecture of CNPay—a DeFi-native eWallet system enabling gasless storage, transfer, swap, and payment of CNCurrencies through off-chain balances backed by on-chain deposits.
• Impact: CNPay establishes the first real-world utility layer for CNCurrencies, allowing users to interact with multiple native currencies without gas fees, bridging, or custody. It positions CNBM as a pioneer in practical, decentralized payment infrastructure.
• Status: Architecture and system logic completed; smart contract prepared; launch scheduled for Q4 2025.

7. Design of CNAPEX for Multi-Chain Interoperability

• Achievement: Created the initial design for CNAPEX, a chain-specific module (e.g., CNAPEX_ETH) to mint CNCurrencies across blockchains, eliminating reliance on cross-chain bridges.
• Impact: CNAPEX will support CNBM's multi-chain expansion, enhancing asset accessibility and positioning CNBM as a leader in cross-chain DeFi innovation.
• Status: Design phase completed.

8. Strategic Planning for CNX Launch

• Achievement: Advanced the conceptual planning for CNX (Crypto-Native Exchange), a peer-to-peer settlement protocol for swapping CNRWAs with real-world assets.
• Impact: CNX will bridge DeFi with real-world economies, enhancing CNRWA utility through intermediary-free settlements, once developed and approved.
• Status: Conceptual framework outlined.

9. Establishment of PD Assembly Governance Framework

• Achievement: Established the framework for the PD Assembly, a decentralized governing body of PD Token holders, led by the initial development teams, implementing a soft consensus model for protocol decisions, including collateral management and future upgrades.
• Impact: The PD Assembly ensures CNBM remains 100% community-owned, empowering PD Token holders to shape the multi-chain ecosystem's future through transparent governance.
• Status: Governance framework established, with PD Token fair launch stage one planned in Q2 2025.

10. Planned Community Growth and Social Engagement (Post-Launch)

• Achievement: Formulated a strategic plan for post-launch community growth, targeting serious investors and DeFi advocates to drive CNRWA adoption across multiple blockchains.
• Explanation: CNBM believes a passionate, committed PD Assembly is essential to achieving global DeFi dominance. Post-launch, social media campaigns using hashtag #CNRWAs will promote CNCurrencies, building a network of supporters to advance CNBM's multi-chain vision.
• Impact: A strong, belief-driven PD Assembly will accelerate CNRWA adoption, provide critical feedback, and amplify CNBM's influence in multi-chain DeFi.
• Status: Strategy planned, with implementation to commence post-launch.

Why It Matters

CNBM's track record reflects its dedication to building a secure, innovative, and community-governed multi-chain DeFi ecosystem.

The planned post-launch community growth, targeting DeFi advocates, underscores CNBM's commitment to global adoption across multiple blockchains.

As CNBM progresses toward development, further multi-chain testing, project launches, and the formation of the PD Assembly, this page will be updated to reflect new milestones, inviting stakeholders to join in reshaping global finance with CNRWAs.

At CNBM, the initial development team and advisors form the backbone of a visionary DeFi ecosystem designed to redefine global finance through Crypto-Native Real-World Assets (CNRWAs). Driven by a shared belief in the transformative power of decentralized finance, our collective expertise, market intelligence, and years of research and development (R&D) have shaped CNBM's innovative framework, including the Dual Value Tokenization Model (DVTM), immutable DBanks, debt-based RCBanks, CNPAY, and the forthcoming CNX.

Initial development teams lead with conviction, but post-launch, the PD Assembly—our community of PD Token holders—will steer CNBM's destiny, embodying our ethos of decentralization.

Initial Development Teams

The initial development team comprises seasoned DeFi pioneers, blockchain architects, and crypto market strategists who have collectively dedicated years to advancing the decentralized economy. With deep expertise in smart contract development, tokenomics, and market dynamics, we have spearheaded multiple high-impact cryptocurrency projects, leveraging cutting-edge technologies to drive adoption and innovation. Our extensive R&D has culminated in CNBM's groundbreaking concepts, validated through rigorous testnet trials on Solana for CNCurrencies. United by a vision of a world where DeFi powers all economic systems, we bring strategic foresight, technical prowess, and an unwavering commitment to decentralization.

• Lead Architect: Three blockchain innovators with over a decade of experience in designing secure, scalable DeFi protocols. Instrumental in developing CNBM's DVTM and DBank frameworks, they have led successful tokenization initiatives across major blockchains, earning recognition for their contributions to crypto infrastructure.
• Chief Strategist: A market intelligence expert with a track record of navigating crypto volatility to drive project success. They crafted CNBM's vision for regional CNCurrencies and decentralized markets (CN Forex, CNStock, CNCommodities), ensuring alignment with global economic needs.
• Protocol Engineer: A smart contract specialist team who has built robust DeFi systems for millions of users. They spearheaded CNBM's testnet validation of DVTM and DBanks, ensuring security and efficiency, and are guiding the design of RCBanks' debt-based minting model.
• Ecosystem Developer: Two DeFi advocates with expertise in fostering community-driven projects. They designed CNBM's PD Assembly governance framework, ensuring seamless transition to community ownership, and are shaping post-launch community engagement strategies.

Advisors

Our advisory board comprises a select group of DeFi luminaries, blockchain thought leaders, and financial innovators, including both hired experts and trusted friends who share our passion for a decentralized future. With decades of combined experience, they provide strategic guidance, technical insights, and market foresight to refine CNBM's ecosystem. Their contributions have been pivotal in shaping our R&D, from the DVTM's conceptual design to CNX's launch. While their expertise is renowned in crypto circles, we honor their preference for discretion, focusing instead on their collective impact.

• DeFi Protocol Advisor: A globally recognized figure in DeFi architecture, advising on CNBM's smart contract security and scalability. They have guided multiple top-tier DeFi projects, ensuring CNBM's DBanks and RCBanks meet industry-leading standards.
• Tokenomics Consultants: Two experts in designing sustainable token economies, they refined CNBM's PD Token model to align incentives with the PD Assembly, drawing from their success in optimizing revenue distribution for major crypto platforms.
• Market Dynamics Specialist: A crypto market veteran with deep insights into global adoption trends, they advise on CNBM's regional CNCurrency strategy (e.g., CNAED, CNTRY), ensuring relevance in diverse economic contexts.
• Cross-Chain Strategist: A pioneer in blockchain interoperability, they guide CNBM's CNAPEX design for multi-chain expansion, leveraging their experience in bridging ecosystems like Ethereum and BNB Chain.

Our Commitment to Decentralization

As the initial development team, we are proud to have poured years of expertise and R&D into CNBM, creating a platform that empowers users through CNRWAs and decentralized markets. However, our vision extends beyond leadership—post-launch, CNBM's governance will transition fully to the PD Assembly, ensuring that PD Token holders drive all strategic decisions, from protocol upgrades to partnerships and audits. This commitment reflects our belief that DeFi's future lies in community ownership, where every stakeholder shapes a global economy powered by decentralized systems.

Why It Matters

Our team and advisors are united by a conviction that DeFi can transform the world's financial landscape, making it more equitable, accessible, and resilient. With our collective experience, market intelligence, and passion for innovation, we've built CNBM to realize this vision. As we prepare for launch and the PD Assembly's rise, we invite you to join us in creating a decentralized future where CNRWAs redefine value and empower communities worldwide.

General Questions

Technical Questions

Governance and Tokens

Assets and Markets

Future Plans and Community

Project Status

The following glossary defines key terms used in the CNBM (Crypto-Native-Backed Minting) project, a multi-chain blockchain protocol designed to bridge real-world assets with Web3 through Crypto-Native Real-World Assets (CNRWAs). These terms clarify technical, financial, and governance concepts central to CNBM's mission of fostering a transparent, inclusive, and resilient financial future across multiple blockchains.

CNCurrencies

Decentralized, blockchain-native Stable Tokens pegged to fiat currencies (e.g., CNUSD, CNEUR, CNAED, CNTRY), issued through DBanks using the Dual Value Tokenization Model (DVTM) and backed by on-chain crypto assets (e.g., ETH). CNUSD issuance has been tested on the Solana testnet, with others in design, supporting payments, savings, and trading in DeFi markets like CN Forex.

CNRWAs (Crypto-Native Real-World Assets)

Tokenized, blockchain-native equivalents of real-world assets, issued across multiple blockchains using DVTM. Comprise CNCurrencies (fiat-pegged stablecoins) and CNAssets (asset-backed tokens), enabling payments, collateralization, and trading without centralized intermediaries.

CNAssets

On-chain tokens representing physical or financial assets (e.g., CNGold, CNOil, CNTesla), issued through DVTM and backed by crypto assets (e.g., ETH). In design phase, they will support investment, fractional ownership, and trading in CNStock and CNCommodities Markets.

CNPAY (Crypto-Native Pay)

A decentralized wallet and payment system enabling gasless storage, transfer, and usage of CNCurrencies through off-chain balances backed by on-chain deposits. CNPay supports instant swaps, payments, and withdrawals, powered by a credit-line minting system that ensures continuous liquidity. Designed to make CNCurrencies operational in everyday finance, it preserves full DeFi principles while delivering a seamless, user-friendly experience.

CNX (Crypto-Native Exchange)

A planned peer-to-peer settlement protocol, enabling intermediary-free swaps of CNRWAs (e.g., CNUSD) with real-world assets (e.g., fiat). In design, it will be secured by smart contracts and anti-fraud protocols, bridging DeFi with real economies across blockchains.

CNAPEX (Crypto-Native Asset Porting & Exchange)

A chain-specific module (e.g., CNAPEX_ETH) designed to mint CNCurrencies across blockchains without bridges, ensuring multi-chain interoperability. In design phase, it awaits PD Assembly approval for implementation.

DBank

An immutable smart contract that implements DVTM to mint CNCurrencies (e.g., CNUSD) and RC Tokens from crypto assets (e.g., ETH) with a burn-only redemption mechanism. Designed for multiple blockchains, DBank functionality for CNUSD issuance has been tested on the Solana testnet, with further development planned.

DBankX

DBankX is an advanced smart contract system within the CNBM ecosystem, enabling zero-interest debt issuance and automated capital recycling (AutoLoop) using CNUSD as collateral. By enhancing traditional DBank functions, DBankX unlocks powerful tools like interest-free borrowing and recursive yield strategies, all within a multi-chain, decentralized framework. It’s designed to boost liquidity, efficiency, and real-world asset creation through smart, permissionless finance.

DVTM (Dual Value Tokenization Model)

CNBM's core engine, an on-chain framework splitting volatile assets (e.g., ETH) into stable CNCurrencies (e.g., CNUSD) and volatile RC Tokens without oracles. Designed for multi-chain deployment, DVTM's feasibility for CNUSD issuance has been tested on the Solana testnet, with broader implementation pending.

Mint Router

A secure smart contract routing Mint and Burn instructions between authorized DBanks and CNRWA contracts, restricted by a PD Assembly-managed whitelist. Designed for cross-chain compatibility, it ensures controlled issuance and redemption.

PD Assembly

The decentralized governing body of PD Token holders, functioning as CNBM's board of directors. Led by the initial development teams, it uses soft consensus to manage protocol decisions across blockchains, ensuring 100% community ownership.

PD Tokens (Primary Dealer Tokens)

Equity-like governance and utility tokens representing ownership in CNBM. Held by Primary Dealers, they enable CNRWA minting, protocol governance, liquidity provision, and 100% revenue distribution across multi-chain deployments.

RC Tokens (Residual Claim Tokens)

Volatile Tokens issued via DVTM, capturing residual value of a base asset (e.g., ETH) after reserving a portion for a stable CNCurrency (e.g., CNUSD). Tradeable in DeFi markets, they serve as collateral for minting in RCBanks.

RCBank

A debt-based minting model designed to issue CNCurrencies (e.g., CNUSD) against RC Tokens, governed by PD-set Loan-to-Value (LTV) ratios and the Vault Buffer Liquidation Model (VBLM). In design phase, it will enhance capital efficiency across blockchains.

VBLM (Vault Buffer Liquidation Model)

A systemic protection mechanism in RCBanks, preventing individual liquidations during volatility if total DBank collateral remains overcollateralized. In design, it uses decentralized oracles for pricing.

CN Forex Market

A decentralized peer-to-peer market for trading CNCurrencies (e.g., CNUSD/CNEUR) via automated market makers (AMMs), driven by market rates without dollar intermediaries. It will emerge organically as CNCurrencies are adopted across blockchains.

CNStock Market

A decentralized platform for trading tokenized stock CNAssets (e.g., CNTesla). In design, it will offer instant, low-cost settlements in DeFi environments across blockchains.

CNCommodities Market

A decentralized platform for trading tokenized commodity CNAssets (e.g., CNOil). In design, it will facilitate investment and financing in DeFi environments across blockchains.