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.

70%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 fungiblenon-fungible tokens as part of their ecosystem and gamefi experience, alongside collaborations with other projects.

When a token has an elastic supply, the number of tokens in circulation can either decrease or increase depending on the situation. Hence, its supply is not limited, as it automatically changes relative to demand through a balancing process called Rebase.

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.

Depending on the price target, a rebase can either be positive or negative. The rebase aims to adjust the token price to the price target, which in the case of DITTO is set at $1. If the price falls below the target, a negative rebase occurs. As a result, the supply drops and the price is expected to increase to the target value.

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 positive rebase. If the oracle price is between those amounts, this is referred to as neutral rebase.

70% of the DITTO supply was distributed to the public sale, 15% was distributed to liquidity providers’ (LP) staking rewards, 10% allocated to the ecosystem fund, and the 5% remaining to initial liquidity. Ditto announced the inclusion of Non fungible tokens as part of their ecosystem and gamefi experience, alongside collaborations with other projects.