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KishuForever
How rebase works in a nutshell: Basically you bought 100 tokens, each for 1$. You paid 100$ and got 100$ worth. After the rebase, the supply is cut in half (just as an example).
Everything else being equal, you have now 50 tokens but each is worth 2$. So you still have 100$, but split among 50 tokens instead of 100$. This creates a bullish chart and a fomo effect. Some people see the token number decrease and panic, thinking it’s a rug or something, while in fact it’s the rebase taking effect. Rebases occur daily.
Chain:
Binance Smart Chain
Contract
Address: 0x60b642beb8857b0d87e41b99d76b84fea2521c79
How rebase works in a nutshell: Basically you bought 100 tokens, each for 1$. You paid 100$ and got 100$ worth. After the rebase, the supply is cut in half (just as an example).
Everything else being equal, you have now 50 tokens but each is worth 2$. So you still have 100$, but split among 50 tokens instead of 100$. This creates a bullish chart and a fomo effect. Some people see the token number decrease and panic, thinking it’s a rug or something, while in fact it’s the rebase taking effect. Rebases occur daily.