A method for regulating the price of digital assets, the method comprising the steps of:
- providing, via a plurality of ledger systems and/or a plurality of intermediaries in a blockchain network, one or more first digital assets, wherein each first digital asset is a mined digital asset that is claimed as a reward on a rewarding distributed ledger in the blockchain network, and wherein each first digital asset in the blockchain network is an illiquid fund in one of the following forms:
- a first cryptocurrency token, and
- a first cryptocurrency coin;
- automatically and mandatorily converting, using a tamperproof tool in the blockchain network, a pre-determined percentage of the one or more first digital assets claimed as corresponding one or more rewards by exchanging respective rewards into a corresponding one or more second digital assets in the blockchain network, wherein each second digital asset is targeted for price control, and wherein each second digital asset in the blockchain network is a liquid fund in one of the following forms:
- a second cryptocurrency token, and
- a second cryptocurrency coin;
- and
- in response to the automatic conversion, influencing, via a regulating authority in the blockchain network, a transfer of ownership of the corresponding one or more second digital assets, thereby affecting circulating supply and demand of second digital assets;
- determining a rebate amount based on storing and calculating information on a distributed ledger in the blockchain network using one or more smart contracts, wherein the step of determining comprising:
- irrevocably recording, on said blockchain network, purchase information including a hardware purchase amount, and prices of the one or more second digital assets;
- and
- calculating the rebate amount from the purchase information and the prices of the one or more second digital assets at the time when the rebate amount is claimed, wherein the rebate amount is determined in proportion to the difference in price of the one or more second digital assets and proportional to the hardware purchase amount,
- wherein the one or more second digital assets are the second cryptocurrency tokens on the blockchain network backed by smart contract code, and wherein the step of determining the rebate amount comprising:
- minting the second cryptocurrency tokens in the blockchain network;
- recording sales of mining hardware on the blockchain network;
- assigning the minted tokens to one or more purchaser accounts in the blockchain network without allowing purchasers to modify corresponding purchaser accounts until reconciliation;
- and
- destroying or transferring, in the blockchain network, excess minted tokens assigned to the one or more purchaser accounts when the purchasers claim their respective rebates;
- and
- correlating, in the blockchain network, remaining tokens in the purchaser accounts to the amount of the mining hardware and a shift in price of the second cryptocurrency tokens.