What’s a rebase token?
The mechanics behind a rebase token provide an increase or decrease of circulating supply by changes in token price. When a rebase occurs, the supply of the token is increased or decreased algorithmically, based on the current price of each token.
In Nosferatu’s contracts, we designed an increasing total supply formula, providing $NOS holders with more tokens.
This positive rebase mechanic is backed by Risk-Free Value. A Risk-Free Value setup uses an algorithm that tracks the rebase rewards. It is supported by a portion of trading fees, stacking up in the Risk-Free Value wallet.