● What Is A Rebase Token ?

A Rebase Token is one whose circulating supply expands or contracts due to changes in the token price. This increase or decrease in supply works with a mechanism called rebasing.

When a rebase occurs, the supply of the token is increased or decreased algorithmically, based on the current price of each token.

Palladium's PAP takes advantage of a positive rebase formula which increases the token supply allowing $PALD holders to keep growing their tokens, like in a traditional staking protocol. However our use of a rebasing token eliminates the need to approve and traditionally stake your tokens.

The positive rebase is backed by a Risk-Free Value (RFV) which is ensured and supported by the token’s buy and sell fees.