# MMF subscription and redemption

USDXT would enable instant subscriptions and redemptions for BENJI (FOBXX) tokens through atomic swaps:

**BENJI Subscription:**

1. User holds USDXT tokens
2. User sends USDXT to escrow contract
3. Fund mints new FOBXX tokens to escrow
4. Contract executes simultaneous swap
5. User receives FOBXX tokens, Fund receives USDXT

**BENJI Redemption:**

1. User locks FOBXX tokens in Hash Time Lock Contract (HTLC)
2. Fund locks USDXT in HTLC with same hash
3. User reveals secret, claims USDXT
4. Fund uses secret, claims FOBXX tokens
5. Fund burns FOBXX tokens

**Key Benefits:**

* Instant settlement (24/7/365)
* No counterparty risk
* Zero fees vs wire transfers
* Programmable vs manual processes
* Global access vs geographic restrictions

USDXT serves as the payment rail that enables atomic swaps between USDXT and BENJI tokens, eliminating settlement delays and risks associated with traditional payment methods.


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