About Rebase Token

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Rebase Token, also known as Elastic Token or Elastic Supply Token, is a special type of cryptocurrency. These tokens share a common feature - the ""Rebase Mechanism,"" which means that the circulating supply of the token automatically adjusts dynamically based on the fluctuation of the token's price (or the price of the underlying asset). This mechanism is implemented through the token's smart contract, aiming to maintain a certain ratio between the user's holdings and the total supply, thus stabilizing the actual value of the user's holdings.

Different Rebase Tokens have various designs for their elastic supply mechanisms, but overall, they follow the same logic: decreasing supply when the token's price falls and increasing supply when the price rises.