BASIS
basis.markets Rank 4888
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0 BASIS
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basis.markets
basis.markets Price $ 0.0028
$ 0.0028
basis.markets 24h Vol
$4,757
$4,757
basis.markets Market Cap $0
$0
24h Vol
0 BTC 1 H
-0.27 %
24 H
-0.04 %
7 d
6.36 %
Today basis.markets price in US dollars is currently
0.0028
USD, and if converted to Bitcoin is
0.00000007
BTC. A total of N/A are currently circulating in the Market. basis.markets price is currently experiencing a change of -0.04 %, and check here all cryptocurrency. Over the past 24 hours 0.000 M US dollars basis.markets have been traded on Crypto Exchanges. Get basis.markets's progress by adding it to your favourites and creating a free portfolio.
Full Name
basis.markets
Symbol
BASIS
Algorithm
ETH Token
BTC Price
0.00000007 BTC
BTC Market
0 BTC
BTC 24h Vol
0 BTC
Total Coins Mined
0 BASIS
1h
-0.27 %
24h
-0.04 %
7d
6.36 %
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Description
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.
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