QUEENFLOKI

We will be launching with a new mechanism. REBASE What is A rebase ? An elastic supply (or rebase) token will expand or contract its circulating supply depending on where it trades relative to it's peg price. For 360 epochs, QueenFloki will increase 5% every 4 hours, 1 What is an elastic supply token? 📐 Elastic supply tokens have a changing circulating supply. The idea is that instead of price volatility, what changes is the token supply through events called rebases. What is a rebase? 💸 The rebasing mechanism adjusts the token circulating supply periodically. Let’s say we have an elastic supply token that aims to achieve a value of 1 USD. If the price is above 1 USD, the rebase increases the current supply, reducing the value of each token. This is known as a positive rebase. Conversely, if the price is below 1 USD, the rebase will decrease the supply, making each token worth more. This is known as a negative rebase.