Coil is an elastic supply cryptocurrency that adjusts itself to supply and demand of the market automatically every 23 hours. It is designed to be relatively stable in price, but “coils and recoils” around $1.
While Coil is young it will be more volitale, but in the long term as it matures it will be very very stable..
When demand is high and price goes up over $1.05 (REBASE), Coil automatically adds more Coil to all wallets to help push the price back to its target of $1.
When supply is too high and price falls under $.95c (DEBASE), Coil removes supply from all wallets to stimulate more demand to drive the price back up, making less supply on the market and Coil more scarce.