Redemption Workflow

The redemption process begins when a Cypher holder decides to convert their digital tokens into physical gold. The holder initiates the process via the PGN platform, specifying the amount of gold to be redeemed. The platform then matches the holder with a participating Node or Custodian, taking into account the holder's location and the availability of gold. Once a match is made, the smart contract locks the Cypher, pending the completion of the redemption process. The holder then visits the designated Node or Custodian to physically collect the gold, at which point the Cypher is burned or permanently retired from circulation, signifying the successful completion of the transaction.