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.
ok, thanks for explanation, is that only for ERC-20 tokens? They cant do the same with bitcoin because its not smart contract correct?
The ability to do a rebase came from the AMPL contract and AMPL team can't do that to the coin with another contract as it's not under control of AMPL contract. Bitcoin is also using another chain that is different with ethereum and that will never happen forever.
That's only for AMPL, any other ERC20 can't be rebase by them as they have no contract of over those coins with different contracts.