@snomleon
š¢ Rebase ....
Usually, many people look at the price of a token. But what if it's not the price that changes, but the number of tokens in your wallet? Welcome to the world of Rebase - one of the most unusual mechanisms in crypto.
āŖļø Rebase is a mechanism for automatically changing the number of tokens in a user's wallet, while the value of the portfolio remains proportional.
The key idea: not to change the price of a token, but to adjust the number of tokens in circulation - depending on the deviation from the price.
š How does it work?
The algorithm adjusts the number of tokens based on market capitalization. When the price of a token changes, a recalculation takes place. For example:
š“ If the price falls, the number of tokens all holders have increases to compensate for the fall.
š“ If the price rises, the number of tokens decreases.