One important factor to consider in the creation of a currency is whether and how that currency can be traded for access to real-world resources. To create an environment where that is possible, an interface that allows one currency to be exchanged for another is an important core feature of CoGov. While Influence Currency is not exchangeable, Fiat and Equity Currencies may be exchangeable if they are specified as such at that time of their creation. The simplest description of how an exchange works is that it keeps a list of everyone who wants to exchange Currency A for Currency B, and what quantity and at what exchange rate, and attempts to match them with someone who wants to exchange Currency B for Currency A with a compatible quantity and at that same exchange rate, and then automatically completes the transaction in real-time. The CoGov integrated exchange system allows any two exchangeable currencies to be traded, as well as providing a means by which currencies are exchanged for Bitcoin, Faircoin, Waves Tokens, and ERC-20 tokens.
