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Token Lifecycle

This page traces a token from creation to circulation, showing how the platform's features connect.

1. Minting — creating new supply​

A member of the STANDBY account creates a Mint proposal specifying the amount. Other signers vote on it. When the threshold is met, the chain's x/cbdc module creates new tokens and credits them to the Standby account.

[Proposal: Mint 10,000,000 ahnl] → approved → STANDBY balance increases

At this point, the tokens exist on-chain but haven't left the central bank's control.

2. Internal transfer — moving to distribution​

To prepare tokens for external distribution, a signer creates a Transfer proposal from the STANDBY account to the DISTRIBUTION account. This is the only destination the STANDBY account can send to.

STANDBY account → [Proposal: Transfer 5,000,000 ahnl] → approved → DISTRIBUTION account

3. External distribution — sending to participants​

From the DISTRIBUTION account, signers create Transfer proposals to external addresses. The destination must be on the whitelist — a list of pre-approved blockchain addresses managed by administrators, each labeled with the recipient's name.

DISTRIBUTION account → [Proposal: Transfer 1,000,000 ahnl to "Commercial Bank A"] → approved → External address

4. Burning — removing supply​

If tokens need to be removed from circulation (e.g., they've been returned to the STANDBY account), a signer creates a Burn proposal. When approved, the tokens are permanently destroyed.

STANDBY → [Proposal: Burn 2,000,000 ahnl] → approved → tokens destroyed

5. Conversion — fiat ↔ CBDC at the edge​

Commercial banks exchange fiat for CBDC (and back) through the BRIDGING account. A disbursement (fiat → CBDC) sends tokens from the bridging account to the bank's exchange address, signed by the system bridging identity; a redemption (CBDC → fiat) returns tokens to the bridging account as a governed proposal. Both require a linked, non-frozen exchange address. See Token Operations.

The full picture​

Monitoring​

Throughout this lifecycle, the dashboard shows real-time metrics from the chain:

  • Live supply — total tokens currently on-chain (per token)
  • Per-account balances — where tokens are sitting right now (Standby, Distribution, Bridging, custom)
  • External circulating — live supply minus all internal account balances (what has left the institution)

The export feature lets auditors pull transaction history and governance activity as CSV or JSON for compliance reporting.