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Rebased claims to be a fork of the recently hyped Ampleforth project – with clear and required changes. The project claims to have given REB the ability to adjust its supply equally and automatically in response to changes in demand – in a trustless environment where code is law. It is claimed that the goal of Rebased is to reach its desired price target of 1 USD. To achieve this there is the so-called Rebase, which adjusts the supply to the demand. All supply changes apply equally to every owner/wallet holing REB. The token holder's balance changes but they always own the same % of the total supply. Their holdings increase in value as the market cap of REB grows.
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