Frequently Asked Questions
Last updated
Last updated
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. Prometheus uses a positive rebase formula which increases the $PRMTS supply of each holder.
Prometheus has created an innovative autostaking mechanism which allows users a simple way to stake and receive staking rewards. Simply hold $PRMTS in your wallet and you will automatically receive staking rewards.
The rebase rewards, in simple terms, are the staking rewards. You are entitled to receive rebase rewards just by holding $PRMTS in your wallet. Rebases occur every 20 minutes or 72 times daily.
You can participate in our presale (Join to win your WL slot).
After that, $PRMTS token will be available on Sushi Swap.
There are two different Slippages which can be used for trading $PRMTS:
Buy : Set the slippage to at least at 12%.
Sell : Set the slippage to at least at 18%.
You might need to add higher slippage during times when there are lots of buys and sells of PRMTS but you should only ever incur the same buy and sell fees as mentioned above.
The rebase occurs every 20 minutes, in order to see when the next Rebase will occur, users will be able to check the timer on the Prometheus Dapp or in our Discord.
Yes, locked for 24 Months