Rebase tokens are gaining popularity - where a token adjusts its supply according to a particular price peg. We've seen the rise of AMPL, where it targets $1 USD. We debate with Base Protocol's Nick Ravanbakhsh over the usage of rebasing protocols to create valuable synthetic assets. https://ift.tt/34DiD5C. https://twitter.com/BaseProtocol?s=20 Michael's STANCE: REBASE functions are fundamentally useless - nothing more than a meaningless function to hide a coin's pump. Rebased coins should be evaluated by "market cap" rather than price, and if is the case, it cannot be used to hold price pegs. Nick's STANCE: Rebase functions are useful for creating a synthetic asset that follows the price of a particular index. Nick created "BASE PROTOCOL" which his white paper argues can be used to allow speculators to get exposure to all cryptocurrency assets. ●▬▬▬▬▬▬▬Recommendations▬▬▬▬▬▬▬● Recommendation List: https://ift.tt/2XrJ1es 🌼Buy & Sell Bitcoin: https://ift.tt/34nvdpw 🔎Crypto Prices: https://ift.tt/1mdZvLr 🔒Hardware Wallet: https://ift.tt/2KUuiEs 👍🏻Brave Browser: https://ift.tt/2RPhMX6 📲Binance Exchange : https://ift.tt/2KU0CY6 ●▬▬▬▬▬▬▬▬▬▬Community▬▬▬▬▬▬▬▬▬● Boxmining Official Website: https://ift.tt/2n3m6Y0 Telegram Discussion Group: https://ift.tt/2FpFpPu Telegram Announcements: https://ift.tt/2haJbRZ Facebook Community: https://ift.tt/2otqMXp ●▬▬▬▬▬▬▬▬▬▬▬Social▬▬▬▬▬▬▬▬▬▬▬● Instagram: https://ift.tt/2h5Nf9S Twitter: https://twitter.com/boxmining Facebook: https://ift.tt/2pq5rtl Steemit: https://ift.tt/2sbNnrE ●▬▬▬▬▬▬▬▬▬▬Disclaimer▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
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