Post
Topic
Board Altcoin Discussion
Re: How AMPL rebase tokens if they are in your hard wallet?
by
IggySe7ven
on 20/10/2020, 23:59:37 UTC
The token rebase mechanism is magical, people only keep tokens and get more tokens printed when the value of the AMPL decreases. Currently, the capitalization of AMPL is getting bigger and bigger with the number of tokens issued.
I think that would be illegal and make the AMPL no more scarce and more created.
\

No , its actually other way around,  from my understanding, they have these negative rebates if the price of AMPL token drops bellow 1 dollar they actually take away tokens from your account, I already lost 2/3 of value of my portfolio and they drained tokens from my account.  Even though the price recovered  past  where I bought it from because of rebates I am down 2/3 of what I had in dollar value.