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Converting $RICH to $HOLD in xHOLD's conversion system provides users with a straightforward way to switch between $HOLD and $RICH assets. Here's how it works:

Converting $RICH to $HOLD:

The conversion system in xHOLD allows users to easily convert $RICH to $HOLD tokens.

Managing Daily Allocations and Preventing Inflation:

Every day, a specific supply of $HOLD is allocated to support the conversion of $RICH to $HOLD. To control the supply of $HOLD released into circulation and prevent long-term inflation of the $HOLD currency, all actions related to introducing additional $HOLD into circulation are tightly designed.

Queue System and FCFS Mechanism: Each user can only execute a conversion order of $RICH worth $50 at a time. After their withdrawal order is completed, they can place another conversion order. Each user placing a conversion order is considered to be in the queue. The larger the queue, the longer the number of days it may take to receive the $RICH tokens. This ensures fairness and manages user expectations regarding the conversion process.

This follows the First Come First Serve (FCFS) mechanism widely applied in the crypto market. This functionality provides flexibility in managing your digital assets. You can convert $RICH to $HOLD whenever you want, or you can directly sell $RICH on decentralized (DEXs) or centralized exchanges (CEXs).