🌪️Humo Overview
Introducing the world's first deflationary rebase project.
Last updated
Introducing the world's first deflationary rebase project.
Last updated
Humo is an inelastic deflationary rebase token, supporting the liquidity of its Partner Token, FUEGO. Where most rebase tokens will be elastic to maintain price and stability, with both inflationary and deflationary properties, this deflationary rebase token called HUMO will be used in this revolutionary model to stabilize tokenized asset values and the growth of tokenized assets, onchain. Longer-term, this mechanism keeps necessary liquidity for funding a network of new hybrid financial protocols for tokenizing assets that live offchain by bringing them onchain.
Rebase tokens are pieces of code that self-execute a specific action (or actions) when predetermined conditions are met. Smart contracts can also drive the automation of a given token's supply.
The formula to adjust the supply is predetermined by a contract's design and can vary, but is generally based on setting a target price of a token. Typical rebase tokens react if the market price is lower than the target price, and the token supply is burned to bring the price back up. Alternatively, if the price is higher than the target price, the tokens are minted back into circulation.
But what happens if the rebase tokens are NOT brought back into circulation? What happens if the token constantly deflates at a specific and constant rate over time to support an ever increasing liquidity and asset values to bring the world's assets onchain?? The answer: infinite value based on assets held against deflationary rebase - with no adjustment contract necessary.
Like its Partner Token FUEGO, HUMO is built to be deflationary and to assist in sustaining and supporting an ever increasing Treasury to support the tokenization of assets, onchain.
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