الوصف
SkyRocket (DGMM) is an elastic supply token. Elastic supply token have a changing circulating supply. The circulating supply expands or contracts due to changes in token price. This increase or decrease works with a mechanism called rebasing.?
A rebase protocol happens routinely and adjusts the circulation token supply automatically according to i.e. token?s price, time period or targeted value.
The unique mechanism behind it allows for a lot of usecases in cryptospace and DeFi. The rebase function of SkyRocket was adjustet to only decrease the supply which we call the zero-g effect to reach a targeted price.
That guarantees a continuously price growth. That means that the total supply is decreasing but the aggregate value keeps the same and is allocated to the remaining supply.
Even rebase doesn?t have a direct effect to the exchange rate it has a indirect psychological effect that have an impact to the market rule #1: supply and demand!
The rebase and the market rule in combination we call the Double Gain Market Mechanism (DGMM) which will give SkyRocket a healthy growth over time.
Where is this taking SkyRocket?
First and foremost, a strong and healthy community. Due to the scarce tokens in the end, the community will be large enough for many people to participate, but small enough to have a certain status of exclusivity.
Skyrocket wants to show that decentralization and all power to the community has a greater benefit than centralized systems run by states, banks and organizations.
