Oracle Base

Oracle Base is the First Elastic Supply for Oracle Ecosystem. OracleBase is built on an elastic supply protocol which automatically extends/contracts token supply to accomplish target value balance. ORACLEBASE's objective price is one billionth the absolute market capitalization of all Oracle Coins: (Cryptoslate) x 0.1^12. At the point when OracleBase market cost = (Cryptoslate x 0.1^12). Supply expansions / contractions are called rebases. Rebases occur when OracleBase market price ≠ (Cryptoslate x 0.1^12). ‍When it is > (Cryptoslate x 0.1^12), expansion rebase occurs. When it is < (Cryptoslate x 0.1^12), contraction rebase occurs. Expansion creates new supply, decreasing scarcity and driving price down its target. Contraction destroys supply, increasing scarcity and driving price up to its target.