Bitcoin 6 hours ago · 2 min read
TOB Tokens of Babel
Table of Contents
Source: TOBUSD Chart by TradingView
Tokens of Babel is a trading game on Ethereum that burns tokens whenever a new all time high is made.
Burns are conducted via something called a ‘rebase.’ Rebases affect the amount of tokens in your wallet, but not your overall share in the total supply. If you own 1% of the total supply, you will always own 1% of the total supply, regardless of the number of tokens in your wallet.
This means that the value of your tokens do not decrease over time, but the cost to purchase a token after a rebase has increased for a new buyer.
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