How payoff works

Try a work vehicle. The monthly minimum is owed even when it does not move. Verified mileage can collect part of that minimum during the month. Money above the minimum repays principal faster.

Vehicle price (USDC)Down payment (USDC)Borrower APR (%)MonthsCollected per verified mile (USDC)Miles this month

Projected month after minimum is paid

Amount financed: $24,000.00
Monthly minimum: $486.63
Collected through miles: $500.00
Remaining due at month end: $0.00
Interest to funders: $160.00
Projected principal repaid: $340.00

Projected tokens returned after payment clears

340

Illustration: 1 token represents $1 of original vehicle price. Only principal buys tokens back; interest does not.

The driver began with 6,000 tokens from the down payment. After this month: 6,340 of 30,000 tokens. Outstanding principal: $23,660.00.

Illustrative math only. It excludes fees, taxes, insurance, maintenance, rounding rules, credit underwriting, and any legal title or lien terms. No loan, token, or wallet transaction is created.