What is the project about?
REBASE is the first rebase project on Base. It shares an ideological root with its predecessor, Ampleforth, and believes in the future of elastic supply cryptocurrencies. REBASE aims to bring this type of digital asset to Base, as a key DeFi primitive, so other interesting DeFi components can be built on top, whether flatcoins, vaults or more.
What makes your project unique?
Rebase is the first rebasing token on Base. Rebasing is a concept introduced by Ampleforth in 2017, but gained popularity during the DeFi Summer bull run of 2020. Rebase refers to the fact that the token supply is elastic, and changing to market price. This concept means price volatility is shifted to supply volatility, allowing for a new generation of DeFi products to be built on top.
History of your project.
Rebase launched in August 2023 as a completely fair launch project. There was no premine and 85% of the supply preloaded into Volcanos, the community liquidity reward program.
What’s next for your project?
Rebase plans to be the largest rebase project on Base, making rebase great again and helping make Onchain Summer the next wave. Rebase hopes to expand into the rapidly growing Base ecosystem and see various projects utilize Rebase as a primitive and liquidity layer.
What can your token be used for?
Base is a digital commodity money, like Bitcoin, so it can be used in many ways Bitcoin is: as an uncorrelated asset to the wider market, as a liquidity backstop for a protocol, as a medium of exchange for DeFi. Rebase is also supply elastic like Ampleforth, because of this innovation it can be used for innovative things such as a liquidity layer on protocols similar to Balancer, allowing for no-impermanent-loss liquidity pools, or as a backstop for flatcoins (such as AMPL and SPOT).
Where is Rebase available for purchase?
You can exchange REBASE tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Rebase is Uniswap V2 (Base), notably the REBASE/USDC pair, which saw a trading volume of $ 105.78 in the past day. Additionally, Soswap is popular alternative for trading tokens.
What is the highest value Rebase (REBASE) has ever reached?
Rebase (REBASE) reached its peak price at 2.23 $ on 29 March 2024, approximately a year ago ago. Presently, the current price is -58.59% lower than this all-time high.
What is the historical minimum price for Rebase (REBASE)?
The minimum price reached for Rebase (REBASE) was 0.2246 $, documented on 13 October 2023, more than 2 years ago. In comparison, the current price is 311.02%, it above this historical low.
What is the fully diluted valuation of Rebase (REBASE)?
The fully diluted valuation (FDV) of Rebase (REBASE) stands at $ 1,19 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of REBASE tokens. The realization of this FDV might take several years depending on the emission schedule of REBASE tokens.