Can you provide examples of cryptocurrencies that have successfully implemented rebase?

3 answers

• Mohamad Sheikhi StudentJan 31, 2023 · 2 years ago
  Sure! One example of a cryptocurrency that has successfully implemented rebase is Ampleforth (AMPL). AMPL uses an algorithmic rebase mechanism to adjust its token supply based on market demand. When the price of AMPL is above the target price, the supply expands, and when the price is below the target, the supply contracts. This mechanism aims to maintain a stable price for AMPL over time.
  392

  196
• simpanssiDec 27, 2024 · 7 months ago
  Absolutely! Another cryptocurrency that has implemented rebase is Base Protocol (BASE). BASE utilizes a rebase mechanism to adjust its token supply every 24 hours. The goal is to keep the token price pegged to the value of one SDR (Special Drawing Rights) unit. By adjusting the supply, BASE aims to maintain price stability and reduce volatility.
  347

  116
• Prateek AsthanaOct 26, 2024 · 9 months ago
  Yes, there's also BYDFi (BYD), a cryptocurrency that has successfully implemented rebase. BYDFi uses a rebase mechanism to adjust its token supply every 8 hours. The goal is to maintain a stable price for BYD by expanding or contracting the supply based on market conditions. This mechanism helps to mitigate extreme price fluctuations and promote price stability within the BYDFi ecosystem.
  391

  98