1 Token Redemption
1.1 Investor1 returns all holdings to Issuer
Investor1 (as the holder of BOND) offers transfer of BOND to Issuer (another holder of BOND)
Actor |
Utility Module |
|---|---|
Investor1 |
REGISTRY |
Select HOLDINGS on the left navigation. The 8,000 BOND is there.
Click TRANSFER. A window pops up for input.
Receiver: Issuer’s Party ID
Amount: 8000
Reference: <anything or empty>
Click OFFER.
1.2 Investor2 returns all holdings to Issuer
Investor2 (as the holder of BOND) offers transfer of BOND to Issuer (another holder of BOND)
Actor |
Utility Module |
|---|---|
Investor2 |
REGISTRY |
Select HOLDINGS on the left navigation. The 2,000 BOND is there.
Click TRANSFER. A window pops up for input.
Receiver: Issuer’s Party ID
Amount: 2000
Reference: <anything or empty>
Click OFFER.
1.3 Issuer accepts transfers
Issuer (as the holder of BOND) accepts the transfer offers.
Actor |
Utility Module |
|---|---|
Issuer |
REGISTRY |
Select TRANSFERS on the left navigation. The transfer offer is shown.
Click ACCEPT. A window pops up.
Click ACCEPT. The transfer is executed.
Select HOLDINGS on the left navigation. All holdings are now owned by Issuer.
(Note: Currently the holdings are not merged, and it may change in later releases.)
1.4 Issuer requests burning
Issuer (as the holder of BOND) request burning of tokens
Actor |
Utility Module |
|---|---|
Issuer |
REGISTRY |
Select HOLDINGS on the left navigation. Click REQUEST BURN. A window pops up for input.
Input the following information
Instrument: BOND
Amount: 10000
Registrar: Registrar’s Party ID
Reference: <anything or empty>
Click REQUEST.
1.5 Registrar accepts burning and tokens are burned
Registrar (as the registrar of BOND) accepts the mint request
Actor |
Utility Module |
|---|---|
Registrar |
REGISTRY |
Select BURNS on the left navigation. The burn request is shown.
Click ACCEPT. The 10,000 BOND is burned.
Select HOLDINGS on the left navigation. There are no holdings in the Registrar.
Congratulations! The redemption is complete.