Quote from: bluebit25 on October 31, 2020, 04:38:36 AM

Quote from: BaseProtocol on October 30, 2020, 05:51:22 PM

Quote from: muarip on October 30, 2020, 02:43:36 PM

Quote from: holydarkness on October 30, 2020, 09:51:11 AM

Quote from: BaseProtocol on October 30, 2020, 12:35:29 AM

Quote from: holydarkness on October 28, 2020, 08:56:35 AM

I'll focus on this matter first before attending to other matters. Based on your example, you peg the price by doubling and reducing the amount your user hold? And how is this achievable? Doesn't it imply that you have control of every token circulating?

Price is pegged by adjusting the total supply of BASE correspondent to the peg disruption. That could be a 100% adjustment, 20% adjustment, or even a 1% adjustment.

The team does not have control over the rebases. It is a feature built into the smart contract that affects all tokens in the ecosystem. Anyone, anywhere can call the rebase to trigger at the rebase time.

Now this is rather confusing. On your first illustration with John, you regulate the price by adding more token to John (from 1 BASE to 2 BASE). By this recent illustration, it was the total supply that's affected, while the amount of BASE each member owned is not affected. Which one is correct? Because although they look the same by glance, they're actually extremely different.

Very suspicious in my opinion and I see there is a red trust attached to you that something big is very suspicious here. A suspicious project.

I think there is a little confusion here. In the original example, John would go from 1 to 2 BASE tokens, that is still very true. We are simply saying that the rebase percentage can be any percentage, it all depends on the target price and current price of BASE. We actually built out a dashboard on our website, so that people can easily understand the numbers behind the rebases. https://dashboard.baseprotocol.org/

As for the red trust... that is simply malicious activity from users on the site, and there is nothing we can really about that.

Okay I'm seeing the explanation from Base, anyway you guys started with a Blockchain project before (it failed). I don't want to make you difficult, but if it started and failed then the end is my experience. I was also curious about Base's upcoming fundraising process.

An experience will make us more careful about what we want. I agree with you but we should continue to monitor this project and to what extent they will develop in the future.