The rebase token is developed to yield similar functionalities of a stable coin but with a twist. Stablecoin depends on assets to attain their value, while Rebase in turn adjusts itself for the existing value. Rebase tokens stabilize the value either by increasing or decreasing the supply of tokens to meet the fluctuation.
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Rebase Token development Services at BlockchainX are a very sincere and seamless process with customized integrations. We as a Rebase token development company ensure to develop regulated tokens that drive your project with stability. With 7 years of experience in blockchain-based development, we have hands-on experience in developing with expert teams involved in the same. Kickstart your elastic journey with BlockchainX.
Rebase or elastic token is developed to auto-manage the price fluctuation by either increasing or decreasing the token supply in the market.
No, but a rebase token is similar to a stable coin but not the same. The stable token value is based on an asset and in the case of a rebased token it adjusts based on the market.
The Rebase token is decentralized, has the potential to adopt price fluctuations, and eventually manage price stability.