Can anybody help me.
I have a nasty problem.
I had 1740 PETH in my wallet and when the price went 10x in my wallet was only 174.
What might have happened?
Hello @sstteffotto To better assist, please send the following information:
Trust Wallet app version (open the app, go to the settings of the app and press “About”, take a screenshot, and attach it here)
Crypto wallet address (press the receive icon near the send button, take a screenshot of the QR code, and attach it here. Also copy and paste it in plain text)
Transaction hash or link (if you have any, please copy and paste)
Further details about your issue (please explain what you were trying to do)
Screenshots of the wallet (including errors or missing balance)
So the problem is I bought 1740 peth and when the price raised went to my wallet and there was only 174 peth
@sstteffotto you already swapped your PETH tokens. No remaining balance.
If you are asking why they decrease in amount; This token has an elastic supply (rebase token).
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.
Now I see the picture.
I am new and experimenting.
Will do what you say.