Ditto

Ditto is a decentralized finance project operating on the Binance Smart Chain (BSC). It is a fork of the Ampleforth (AMPL) protocol. The objective of Ditto is to maintain a specific price of $1. The project achieves this by changing the supply of the token on the basis of its demand.

If the price target is not met, the supply changes and can be either negative or positive. If the oracle price is under $0.95, the supply will decrease, and this is a negative rebase. If the oracle price goes above $1.05, the supply will increase, and this is a positive rebase. If the oracle price is between those amounts, this is referred to as neutral rebase.

Seventy percent of the DITTO supply was distributed to the public sale, 15% was distributed to liquidity providers’ (LP) staking rewards, 10% was allocated to the ecosystem fund, and the 5% remaining went to initial liquidity. Ditto announced the inclusion of non-fungible tokens as part of their ecosystem and gamefi experience, alongside collaborations with other projects.