Hi there,
I need help. Yesterday evening I bought GSHIP tokens (approx 14 billion) with 3 separate transactions. I saw them after that in the Trust Wallet (see the screen below):
But today morning I can see only part of them - just half :(. Please see the screen below:
Please, do you have any thoughts on what could be behind it?
Thank you very much for your help in advance.
Bronislav
Hello @esolteric 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 to read and understand on tokenomics of any project before investing.
But, the supply shouldn’t affect how many a person bought? It should only affect what’s in circulation. This is also happening to me. So at this rate if the price keeps going up I will have 0 coins by your explanation? Doesn’t seem right🤔
@Eyescoops you have to do your own research, this is not Trust wallet issue. Contact project team for clarification.
