Better than a stablecoin? FatStack
18 Mar 2022What do we get from blockchain elaboration? Yes, new financial instruments. Meet rebase tokens.
The heyday of the global token market sometimes gives people opportunities that are very different from those they have seen before. The latest example of such breakthroughs is rebase tokens.
What are they?
A rebase token or an elastic supply token - is a token with a changing circulating supply. The big idea of this type of tokens is that their quantity changes in order to fix the volatility. This happens due to the special events — rebases.
This mechanism tends to be a solution to restrict inflation and save the user’s invested money. That’s why rebase tokens were ideologically born as an alternative to stablecoins.
How does it work?
There’s a token that aims to have a price of $1, its rebase interval is set to every 24 hours, and you have some of these tokens in your wallet. If the price goes below $1, after the rebase you have less of these tokens, but each one still costs $1.
FatStack
FatStack is the rebase token developed by the Rock'n'Block team. Its creators say that it is a novel type of digital currency designed to appreciate during bull markets while buffering depreciation during bear markets. They tell us that fatstack provides holders the upside potential of major altcoins coupled with the safety of stablecoins.
What did we do?
We developed a unique smart contract to provide the general functionality of the token. Our team has built the backend to provide automatic rebase functions — this soft regulates the amount of supply independently and changes the quantity of tokens in the holders’ wallets. We’ve built the frontend too: now the platform has a convenient interface which allows each person to monitor individual statistics.
This project is outstanding for us. It is an unusual request from a client that has become a challenging task. However, we’ve made a huge effort to compete it and bring another efficient blockchain platform to the market.
Results
The FatStack’s algorithm is unique, and we can't share it in the public space, but we still can show you the results of the project.
Here you can see the dashboard showing the user all the necessary information to interact with the platform. FatStack allows selling 10% of the user’s total amount of tokens monthly in order to provide owners the benefits similar to the benefits of stablecoins usage.
It’s needed to clarify that this is not a promotional material for the FatStack project. We illustrate our case study of FatStack rebase token development. Please, conduct your own research before investing in any project.
New blockchain opportunities attract many entrepreneurs and we think that it’s very important to be confident in your contractor. As a development team, Rock’n’Block does its best to give this confidence to its customers.
Rock’n’Block’s team is not limited only by the development of tokens and smart contracts. We can help with:
⚡️NFT and NFT Marketplaces development ;
⚡️Any other custom request from a crypto wallet development to custom blockchain development.
If you’re interested in building your blockchain project, feel free to contact our team via the Telegram channel or book a call via Calendly.
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