Basis (BASIS) Price Charts Market Cap Index

Basis (BASIS) Price Charts Market Cap Index

Basis (BASIS) Crypto Coin Rank N/A
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Basis (BASIS)
Basis (BASIS)
BASIS Coin Values BASIS

Basis (BASIS) valuesUSD Price
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Basis (BASIS) BTC Price
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Basis (BASIS) 24h Vol
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Basis (BASIS) Market Cap
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Basis (BASIS) Circulating
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Full Name
Basis (BASIS)
Start Date
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Algorithm
ETH Token
Proof Type
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Facebook
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Basis (BASIS) Block NumberBlock Number
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Basis (BASIS) Block TimeBlock Time
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Basis (BASIS) Block RewardBlock Reward
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Total Coins Mined
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Basis (BASIS) Net Hashes Net Hashes
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Description

Basis (BASIS) Coin Description

Basis is a stable coin pegged to arbitrary assets or goods remaining fully decentralised and always pegged to 1 USD. Furthermore, Basis has the option to be updated to peg to a Consumer Price Index (CPI) or a basket of goods. The Basis stability system uses common investment incentives and instruments, similar to traditional bonds and equity shares, this means the market participants help the coin maintain exchange rate stability. As an example, if the value of Basis token falls, the system creates new bonds worth one Basis token each. The bonds are then sold by the system for Basis tokens, reducing the token supply and driving the token price back up to the targeted value.

The Basis project reported in April $133million of funds raised from 225 investors (e.g. Andreessen Horowitz, Bain Capital Ventures, Pantera Capital, Polychain, and Digital Currency Group) and also attracted distinguished advisors such as Stanley Druckenmiller and economist John Taylor.

Technology

Basis (BASIS) Coin Technology

Sorry, detailed technology about Basis (BASIS) is not currently available

Features

Basis (BASIS) Coin Features

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BASIS News
Mercury FX uses Ripple’s xRapid to transfer thousands of dollars on a weekly basis, says CEO Alastair Constance

Mercury FX uses Ripple’s xRapid to transfer thousands of dollars on a weekly basis, says CEO Alastair Constance
Mercury FX is a money remittance service based in London with offices in various countries around the world. It is also one of Ripple’s many par... Read More

Russia Adopts Digital Rights Law That ‘Forms the Basis’ of Digital Economy Development

Russia Adopts Digital Rights Law That ‘Forms the Basis’ of Digital Economy Development
This autumn will see Russia adopt digital rights law after the country’s parliament passed the legislation this week Read More

Nouriel Roubini: ‘Cryptocurrency as a Technology Has Absolutely No Basis for Success’

Nouriel Roubini: ‘Cryptocurrency as a Technology Has Absolutely No Basis for Success’
Notorious crypto-basher Nouriel Roubini said that crypto “as a technology has absolutely no basis for success,” while blockchain has nothing to do wit... Read More

Bahrain to allow crypto-asset platform operators on a nine-month trial basis

Bahrain to allow crypto-asset platform operators on a nine-month trial basis
The cryptocurrency market may have been going through some ups and downs, but that has not stopped other countries from acknowledging the benefits of... Read More

$2 Trillion of Money Laundering on Yearly Basis (And No Relation to Crypto)

$2 Trillion of Money Laundering on Yearly Basis (And No Relation to Crypto)
TL: DR $2 trillion of FIAT money is laundered each year following banks engaged in fraudulent practices. Crypto, always been accused by Governments fo... Read More

Security expert claims $2.5 million is stolen from cryptocurrency exchanges on a daily basis

Security expert claims $2.5 million is stolen from cryptocurrency exchanges on a daily basis
Noted blockchain security expert Hartej Sawhney has stated that around $2.5 million, on an average, is stolen on a daily basis from cryptocurrency exc... Read More

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