Many novice investors are wary of the rebase mechanism. What exactly is the reason? Mainly, it’s because the price volatility characteristics of such tokens make it difficult to adapt— the number of tokens held will automatically adjust, but the account value may not necessarily increase accordingly. Coupled with the fact that many rebase projects have collapsed due to poor design, this further deepens people's doubts. In fact, rebase itself is not a bad thing; the key depends on how the project team uses it— a well-designed rebase mechanism can maintain the stability of the token’s purchasing power, but only if there is genuine economic fundamentals backing it. This is also why many retail investors still prefer traditional token models, as they involve less uncertainty and are psychologically more reassuring.