Good afternoon, colleagues.
#Web3Express: What are Elastic Supply Tokens?
Elastic supply tokens present 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 known as "rebases." Imagine that 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 of them is worth half of what they were the day before. That’s how a "rebase" mechanism works.
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CryptoMarketCapBackTo$3T
