Oracle Base

Oracle Base

Elastic. Oracle. Ecosystem.

Oracle Base Blockchain, Oracle Base Data, Oracle Base Introduction, Oracle Base Profile, Oracle Base Review, Oracle Base Price, Oracle Base Marketcap, Oracle Base Website, Oracle Base Social, Oracle Base Logo, Oracle Base Info, Oracle Base Investors, Oracle Base Investments, Oracle Base Team Members, Oracle Base Founders, Oracle Base News, Oracle Base Medium, Oracle Base Related

Oracle Base Introduction

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.

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