BasisX Bonds are minted and redeemed to incentivize changes in the BasisX Cash supply. Bonds are always on sale to BasisX Cash holders, although purchases are expected to be made at a price below 1 BasisX Cash. At any given time, holders are able to exchange their bonds to BasisX Cash tokens in the BasisX Cash Treasury. Upon redemption, they are able to convert 1 BasisX Bond to 1 BasisX Cash, earning them a premium on their previous bond purchases.