Rebase Token Explained In 5 Mins With Animations || Crypto Crash Course 2023

Rebase Token Explained In 5 Mins With Animations || Crypto Crash Course 2023
Welcome To My Channel Cryptos Genie
Subscribe Here: https://www.youtube.com/c/CryptosGenie

An elastic token, also known as a rebase token, is a cryptocurrency whose supply is algorithmically changed to regulate its price. Rebase tokens are typically correlated to another asset, just like stablecoins. Rebasing tokens, however, automatically burns existing tokens in circulation or creates new tokens instead of employing reserves to preserve the peg.

A rebase token's quantity might fluctuate significantly, yet depending on the asset's price it's monitoring, its price usually holds consistent.
The regulations for the coin's supply, or all the ways coins can be generated (minted) or destroyed, are specified in the code that powers every cryptocurrency (burned). However, it is unusual to create those regulations with a specific cost in mind.

Tops 5 Reasbing tokens:

AMP: Ampleforth
OHM: Olympus
DIGG: Digg
XAMP: Antiample
BASE: Base protocol

───── ⋆⋅☆⋅⋆ ────────── ⋆⋅☆⋅⋆ ────────── ⋆⋅☆⋅⋆ ─────