Reserves & Token Issuance
Cedi Deposit and Token Issuance
Ghana Cedi is deposited into a segregated permanently locked reserve account held with a Bank. Upon confirmation of the deposit, The equivalent amount of GHST is minted into cold storage
FlowIntroduction
What are GHST tokens.
GHST is a fully-reserved, fiat-collateralized stablecoin pegged 1:1 to the Ghana Cedi (GHS), issued by Ghana Dot Com (“GDC”). Each GHST token in circulation is backed by an equivalent unit of Ghana Cedi held in a segregated reserve account with a Bank, providing users with a digital, blockchain-native instrument that mirrors the value of the underlying fiat currency.
Flow of Funds
How Ghana Cedi Token is Issued.
On-ramp & Off-ramp
Token Distribution and Acquisition
Minted GHST is distributed through private and partner exchanges, Users acquire and use GHST on supported exchanges and wallets for peer-to-peer transactions, merchant payments and commerce.
FlowToken to Fiat
Token Redemption & Recirculation
Users may redeem GHST for fiat Ghana Cedi, The corresponding fiat payout is funded from a separate Settlement Account and Redeemed tokens are transferred to cold storage for future redistribution
Flow