Rebase tokens function similarly to stablecoins, but with one important difference. Rebase tokens, also known as elastic tokens, are cryptocurrencies for which their supply is dynamically adjusted to control their value. Similar to stablecoins, rebase tokens are usually pegged to another asset. But instead of relying on reserves to maintain the peg, rebasing mints new tokens or burns those that are already in circulation. Depending on which asset it tracks, the supply of a rebase token can be highly volatile, but its price remains stable.All cryptocurrencies use a code that specifies the rules for how coins are created (minted) and destroyed (burned). But it is uncommon to design those rules with a specific price in mind. For example, a new bitcoin is created when miners successfully validate recent transactions. There is no other way to create bitcoin and there is no way to destroy the coins. Bitcoin is designed in this way to make mining more lucrative and to control the issuance
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