The Rebase operation allows tokens to work in a way that the circulating supply expands or contracts due to changes in token price. This increase or decrease in supply works with a mechanism called rebasing. DiamondLock uses a Positive Rebase formula which increases the $DML supply of each holder.
2. How to Stake?
DiamondLock has created an innovative AutoStaking token that provides users a simpler way to receive staking rewards. Simply hold $DML in your wallet and you will automatically receive staking rewards.
3. How do I get my Rebase rewards?
The Rebase rewards, in simple terms, are the staking rewards. You are entitled to receive Rebase Rewards just by holding $DML in your wallet.
There are two different Slippages that can be used for trading $DML:
When you wish to buy, you will need to put the slippage of at least 8%
When you wish to sell, you will need to put the slippage at least 8%.
You might need to add higher slippage during times when there are lots of buys and sells of DiamondLock but you should only ever incur the same buy and sell fees as mentioned above.
6. Is there a Max Supply of $DML?
$DML is a token with elastic supply and there are no standards for its quantity. $DML does not have a Maximum Supply.
7. When does the Rebase occur?
The rebase happens every 30 minutes and it distributes 0.049% of the total tokens held in the $DML owner's wallet as a staking reward to the owner. To keep an eye on the next Rebase, holders can check the timer on the DiamondLock Staking Dashboard.