Prime（
https://primematrix.io/ ）What is it? Algorithm currency, elastic currency, in addition, prime is also a basic cryptocurrency. What are the basic cryptocurrencies, such as BTC, ETH, etc. In order to make it easier to understand, here we make a simple analogy between prime and BTC
BTC, the price can rise to the sky, but the total amount is fixed at 21 million cryptocurrencies;
Although the price fluctuates around the mark price temporarily, the total amount can rise to the sky.
In other words, BTC is a base currency whose price can reach Da moon, while prime is a base currency whose total amount can reach Da moon. For many people who have just come into contact with prime, there may be many problems. According to the author's observation, they can be divided into the following two types:
1. How does prime make money?
2. What is the rebase of prime? Can currency be separated in the wallet?
1、 How does prime make money?
If you bought one BTC when the BTC was $10000, and now bitcoin has risen to $19000, you have made $9000; if at some time in the past, you bought one when prime was $1, and now prime has risen to $1.40, and your original one has become two, then you have made $1.8.
In BTC, only one variable is price; in prime, there are two variables: price and quantity. There are two variables in prime, which increases the difficulty of understanding prime, and also increases the understanding of prime space for newcomers. Prime has a dimension more than BTC, and its rhythm is much faster than BTC. Some people compare prime to the fast forward version of BTC.
The growth space of prime depends on the price and the quantity. In sum, it depends on the market value. Although the price of prime fluctuates in a certain space, the number of prime can be a runaway wild horse. For example, if you buy 10 prime, it may become 100 or more in the inflation cycle, which will make money.
So how can prime become more or less? This is about the rebase mechanism of prime.
2、 What's the rebase of prime? Can money be divided in your wallet?
The total amount of prime is not fixed, so how to adjust the total amount? Prime's currency agreement automatically adjusts the wallet balance of all users in the network according to the price situation within 24 hours. In short, prime anchors a certain price. If the price in the past 24 hours is the average of the quantity and price of the price, inflation will occur, that is, more money in the wallet; if it is less than the marked price, deflation will occur, that is, less money in the purse.
The process in which the number of prime becomes more or less is automatically adjusted by the prime smart contract. This process does not need to be transferred. In other words, it is to directly modify the number of prime balance in the wallet. This automatic supply adjustment happens once a day. This operation is called rebase, which is triggered at 9:00 Beijing time every day.
In rebase operation, the number of token balance in all wallet addresses is changed in equal proportion according to the same principle. That is to say, no matter where your prime is placed, it will be divided or deducted, and there will be no difference; at the same time, everyone can get the same proportion, and there is no problem that who has an advantage. That is to say, although there are more or less coins, your proportion in the total amount of prime will not change if you do not actively sell or buy.
At present, prime can be traded on uniswap. As the market continues to pay more attention to algorithmic currency, prime will not be far away from its take-off day!
