Rebase (REBASE)

$120,632  --
$0.076354  0%
5.222E-5 ETH 0%
Market Cap:
Rank #15


Market Cap
24h Low / 24h High
Fully Diluted Valuation
Price Peg
24 Hour Trading Vol
Circulating Supply
0 / 719,504
Max Supply
Next Rebase

Market Cap chart coming soon

Rebase Chart
Rebase Function:
The total supply expands and contracts based on an individual unit’s relative value
against a basket of currencies, aiming to retain a certain notional value, such as $1.
For example, the Swiss Franc, CHF, has maintained near-parity with the US Dollar
from time to time, via expansion and contraction of its money supply, coordinated
by the Swiss National Bank manually. Our system adopts the same concept to
automatically contract supply when under $1, proportionally deleting some of the
money supply from all distinct holders’ asset at set intervals, making the currency
scarcer until it recovers a notional value of $1. When above $1, the system
automatically expands the supply until it is no longer considered scarce and trades for
$1 again. The owners of our asset should expect to have a predictable purchasing
power and means of exchange over time, deterring rampant speculation and any
expectation of profit. The system matches the demand with the supply.
In this kind of system, the supply adjustments are done programmatically in a
process called “rebasing”. As the monetary base is re-adjusted. The inputs to how a
rebase occur can follow varying approaches. Some existing systems implement oracles
to collect data outside of their asset’s closed loop economy and feed that into the
supply coordinator to determine how much to change the supply, if at all. The
confidence in the data comes from using multiple independent oracles that have
reached the same result. This is one approach. Another approach is to try to use
inputs from within the economy. For a digital asset operating in a virtual machine,
there are records of all states of the use. Therefore, the asset’s own smart contract can
attempt to calculate the supply changes based on activity, or at the very least verify
information that the oracles convincingly input.

Last Update: 2021-03-11 03:56:25 UTC


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