Rebase Function:
xETH is pegged to the price of ethereum. If the price of xETH is greater than 0.01 ETH, then holders of xETH will experience a positive rebase, meaning more tokens distributed into their wallets. If the price of xETH drops below 0.01 ETH, there are deflationary mechanisms to drive the price back up.
xETH combines the best part of elastic supply tokens with no negative rebases, meaning no tokens are lost after a rebase. It's also deflationary in nature, burning 1% of each transaction, thereby reducing the total supply and increasing the value of each token. Staking dividends are also offered to incentivise long term holding.
