Oracle Base

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Description

Oracle Base is the First Elastic Supply for Oracle Ecosystem. OracleBase is built on an elastic supply protocol which automatically extends/contracts token supply to accomplish target value balance. ORACLEBASE's objective price is one billionth the absolute market capitalization of all Oracle Coins: (Cryptoslate) x 0.1^12. At the point when OracleBase market cost = (Cryptoslate x 0.1^12). Supply expansions / contractions are called rebases. Rebases occur when OracleBase market price ≠ (Cryptoslate x 0.1^12). ‍When it is > (Cryptoslate x 0.1^12), expansion rebase occurs. When it is < (Cryptoslate x 0.1^12), contraction rebase occurs. Expansion creates new supply, decreasing scarcity and driving price down its target. Contraction destroys supply, increasing scarcity and driving price up to its target.

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FAQ

What is Oracle Base?

Oracle Base is the first elastic supply system specifically designed for the Oracle ecosystem. Its protocol dynamically adjusts the supply of its tokens to maintain a target market value. This is achieved through the mechanisms of supply expansion and contraction, also known as rebases, which respond to deviations from the target price.

How does Oracle Base's elastic supply mechanism work?

Oracle Base employs an elastic supply mechanism where the token supply automatically adjusts based on market price relative to a calculated target value. If the market price is above the target, an expansion rebase occurs, increasing token supply and reducing scarcity. Conversely, if the market price is below target, a contraction rebase takes place, reducing supply and increasing scarcity.

What is the target value for Oracle Base's token supply?

The target value for Oracle Base's token supply is defined as one billionth of the total market capitalization of all Oracle Coins, calculated as (Cryptoslate x 0.1^12). This target value serves as the benchmark against which supply adjustments, known as rebases, are made to maintain equilibrium.

What are the benefits of Oracle Base's protocol in the Oracle ecosystem?

Oracle Base's elastic supply protocol offers stability and scalability benefits within the Oracle ecosystem. By automatically adjusting the token supply to align with a target market value, it mitigates volatility and maintains value integrity. This system ensures flexibility in response to market fluctuations, promoting a more balanced and sustainable token economy.

How does Oracle Base compare to other supply-driven projects?

Unlike traditional fixed-supply token models, Oracle Base features an elastic supply mechanism that adjusts based on market conditions. This contrasts with other supply-driven projects that typically rely on fixed issuance and can lead to excessive volatility. Oracle Base's approach provides a dynamic response to market changes, supporting a stable and adaptive economic environment.

What should users do if Oracle Base's token doesn't rebase correctly?

If you encounter issues with Oracle Base's token not rebasing as expected, it's essential first to verify the current market price against the calculated target. Discrepancies may arise from market data inaccuracies. Ensure your Oracle Base platform interface is updated, as errors might stem from outdated software affecting rebase mechanisms. Reach out to Oracle Base's support for technical anomalies or further guidance.

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