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Rockrt Finance (RKT) is an elastic supply token that is mathematically guaranteed to increase in price until it exceeds the price of bitcoin. RKT will expand or contract its circulating supply depending on where it trades relative to its peg price through rebases. For 360 epochs, RKT’s price peg will increase 5% every 4 hours. Once it exceeds the price of bitcoin, the peg will be the then current market price of bitcoin + 1%.
The rebasing mechanism adjusts the token circulating supply periodically. The protocol is designed for token supply to change without the holders having to do anything. In the event that we experience a negative rebase, the value of the coin will increase to match the pegged-price. In this event, the protocol will reduce the amount of circulating tokens to match.
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