Here’s an overview of how Perpetual Digital Credit Note Tokens Work

 

1. Issuance on the Pecu Novus Blockchain

A company seeking to raise debt capital creates Perpetual Digital Credit Notes (PDCNs) on the Pecu Novus Blockchain.

Each note is:

Staked by PECU Coins or other digital asset reserves that equal the debt amount, staked reserves are publicly viewable and transparent.

Structured to offer a perpetual yield of 8–10% annually, distributed daily in Yield Tokens.

Created via a tokenized format that automatically embeds terms for yield, staking and redemption parameters.

 

2. Smart Contract Setup & Execution

A smart contract governs the entire structure:

Staking validation: Verifies that the required PECU Coins or other digital assets are locked in a specific Pecu Wallet before issuance of the PDCN.

Yield calculation: Determines and distributes daily yield in Yield Tokens to holders.

Redemption logic: Allows the issuer to redeem Yield Tokens from holders on a quarterly or semi-annual basis.

 

3. Listing on HootDex

 

Once issued, PDCNs are listed on HootDex for price discovery and then available to trade on HootDex and other centralized or decentralized platforms after lock up period expiration.

Investors can purchase the PDCNs using PECU or USXM on HootDex.

Notes become fully tradable in a peer-to-peer environment once lock up period expires, without needing centralized intermediaries.

Smart contracts manage all transaction logic, removing counterparty risk.

 

4. Yield Distribution to Investors

 

Lenders or Investors receive daily yield payouts in Yield Tokens, which are automatically sent to the Pecu Wallet that holds their PDCN tokens.

These payouts continue indefinitely (perpetual structure), unless the issuer redeems or buys back the PDCNs, in part or whole.

 

5. Redemption by Issuer

 

On a quarterly basis or semi-annual basis, issuers are obligated to redeem all Yield Tokens issued to holders, Issuers have the option to redeem PDCNs at face value plus any unpaid yield at any time following the lock up period expiration.

Redeemed PDCNs are removed from circulation by the issuer.