#Web3Express: What are Elastic Supply Tokens?

Elastic supply tokens feature a changing circulating monetary mass. The idea is that instead of volatility in price, what changes is the monetary supply of the token through events called "rebases". Imagine if the Bitcoin protocol could adjust how many bitcoins are in users' wallets to reach a target price. Today you have 1 BTC. Tomorrow you wake up, and you have 2 BTC - but each one is worth half of what it was the day before. That's how a "rebase" mechanism works.

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