I bought 115.6626 ELONOM chips and this morning I only have 5.2298 ELONOM, without me making any transaction in the Wallet.
Basically I find it strange that I don’t have all the ELONOM chips I bought.
Please tell me why this is happening?
I’m a little disappointed with this situation.
Waiting for your answer.
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.
I’m in the same situation. I got what you mean. But I bought approximately 100 Elonomics for 300$ a few days ago, it means around 2500$ today. And now, I have 3 Elonomics that is to say 100$. Is it normal ? Is it really the purpose of rebase mechanism tokens ?
@Jonathanisaac that is not the app issue. It is how tokens that you bought work. You would have read the tokenomics and understand before buying.
For more clarification, contact token team.