What is rebase crypto

what is rebase crypto

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Rebase tokens are cryptocurrencies that control their price by adjusting their circulating supply through algorithms. They are usually pegged to a certain value. A rebase token is a type of cryptocurrency that uses a smart contract-powered price stability mechanism that automatically adjusts the token's. Rebase tokens have an elastic supply. It means that supply is directly proportional to supply and demand without changing its value in.
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Pros Price stability : The idea behind rebase tokens is that they can � for the most part � maintain a stable value despite the volatile nature of the crypto industry. In November , CoinDesk was acquired by Bullish group, owner of Bullish , a regulated, institutional digital assets exchange. If demand decreases, the smart contract will burn a proportional amount of tokens in the next rebase to decrease the supply.