Flokinomics Profile (FLOKIN)
Project Safety Score
Wed, Jan 10, 2024 11:30 AM
Flokinomics
token
BNB Smart Chain (BEP20)
An elastic supply (or rebase) token works in a way that the circulating supply expands or contracts due to changes in token price. This increase or decrease in supply works with a mechanism called re-basing. When a rebase occurs, the supply of the token is increased or decreased algorithmically, based on the current price of each token. In some ways, elastic supply tokens can be paralleled with stable coins. They aim to achieve a target price, and these re-base mechanics facilitate that. However, the key difference is that rebasing tokens aim to achieve it with a changing (elastic) supply. FLOKINOMICS differs by having an increasing peg price, an upcoming. Supply-elastic tokens work differently. As mentioned, the re-basing mechanism adjusts the token circulating supply periodically. Let’s say we have an elastic supply token that aims to achieve a value of 1 USD. If the price is above 1 USD, the re-base increases the current supply, reducing the value of each token. Conversely, if the price is below 1 USD, the re-base will decrease the supply, making each token worth more.
Read more in the whitepaper:- team not submitted
- Memes
- Rebase Tokens
- Doggone Doggerel
- BNB
- BNB Smart Chain (BEP20)
- no features
- exchanges not submitted
/5
Member Signals
/5
( review)Flokinomics Reddit
Flokinomics Github
Flokinomics News
-
5 criptomoedas que geraram polémica em 2021
Wed, Dec 29, 2021 12:50 PM...
read more... -
5 crypto-monnaies qui ont suscité la polémique en 2021
Wed, Dec 29, 2021 12:50 PM...
read more... -
Conheça 5 criptomoedas que causaram polêmicas em 2021
Sun, Dec 26, 2021 12:50 PM...
read more... -
These Coins Named After Elon Musk's Pet 'Floki' Continue To Strike Major Gains Today Even As Dogecoin, Sh
Fri, Dec 10, 2021 12:00 PM...
read more... -
LBank Weekly Listing Report, 8th November 2021
Tue, Nov 9, 2021 12:00 PM...
read more...
Albert H 2 years ago