Hello.
I cant send my own topic so i decide to write here.
2 days ago i buy 234 058 000 GShib coins.
Day by day coins dissapear, i dont know why.
I buy it for 2$. Coins grow up 3000% and i still got 2$. And now i got only 12 mln coins…
I try to write to the mail support from trustwallet but no answer only link here.
Screenshot under.
There is no problem with the app.
This token has an elastic supply.
Elastic supply tokens have a changing circulating supply.
The idea is that instead of price volatility, what changes is the token supply through events called rebases.
Simple explanation. Price goes up, less tokens. Price goes down, more tokens.
I suggest you read and understand the tokenomics of any project before investing.
if you have more knowledge please share, if I buy 1 coin and it will half when it grow when would be a gain?
Ok i know elastic token…
But something wrong if i spend 2$ and its go up 4000% and still got 2$…
The coin can go down but price must go up…
Its cheat…
@Baroszek you have to contact the project team for clarification on how tokenomics works. It is not Trust wallet issue.
