Rebase

The number of HP owned by the holder changes with the total number of effective token-holding addresses, and the holder's token number is automatically rebased.

Tokens are automatically rebased along with the number of addresses of the holders of the token. When the number of HP holding addresses changes, the system will also rebase the number of tokens for each holder accordingly, therefore the number of HP which the user holds is not a constant. The specific mechanism is as follows:

In the HP system, the total circulation is n*100( n is the number of valid currency holding addresses). For every additional HP-holding address, the system will issue an additional 100 HP tokens. But the daily increase of tokens is divided into two stages of rebase:

Stage 1: When the number of addresses increased daily accounts for less than 5% of the initial number of addresses held in the day, additional tokens will be issued according to the number of addresses increased *100, and rebase to all addresses in proportion.

Stage 2: When the number of additional addresses exceeds 5%, additional tokens will still be issued according to the number of addresses exceeded 5%* 100, and all will be rebase to the Hot One.

Similarly, every reduction of one HP-holder address will reduce 100 tokens in the system. The daily reduction of tokens is divided into two stages of rebase:

Stage 1: When the number of addresses reduced daily accounts for less than 5% of the initial number of addresses held in the day, tokens will be reduced according to the number of reduced addresses*100, and rebase to all addresses in proportion.

Stage 2: When the number of addresses is reduced beyond 5%, tokens will still be reduced according to the number of addresses exceeded 5%* 100, and all will be rebase to the Hot One. Now the reduction of the number of addresses will only cause the decreased number of tokens in the Hot One. If the prize pool is full of BNB but no HP, or if the HP in the prize pool is not enough to deflate, then all HP currency holders will be deflated proportionally.