Elastic tokens are tokens whose supply adjusts— expanding and contracting as demand and usage rise and fall, respectively. This would seem natural, while in the centralized world, the production of money is governed and reactive; typically, in an effort to avert or contend with crises. However, there are some similarities as economists have defined money by two outstanding traits: scarcity and use value. Naturally, as a supply would shrink it should theoretically create more relative demand in a forced reversion to a defined mean, or equilibrium. The pegged price i.e. the predetermined value is always restored but this is only for the token price. The collective value of all the tokens or capped value is the variable, not the token price and this has inspired much confusion. Nominal exchange rates allow for the propagation of price-information which in turn determines the adjustment of a total supply to adjust accordingly. Elastic tokens snap to a grid of a price-supply equilibrium and continually adjust.