Basis Coin Cash

1. Summary

Ranks

Liquidity

-

Developer

-

Social

28

Momentum (beta)

0

Stack Rank™

-

Price

$0.005628940000 0.0%

Market Cap

$0.00 (#10716)

Supply

/

Tags

Ethereum Ecosystem

More Metrics

Price
52W High price	$0.03
52W High date	3rd Feb 2022 (3 years ago)
All Time High (ATH) Date	11th Dec 2024 (2 months ago)
All Time Low (ATL) Date	11th Dec 2024 (2 months ago)

Supply & Trading Volume
Trading Volume (24h)	$2.00

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Description

Basis Cash

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Basis Cash

Basis Cash is a decentralized algorithmic stablecoin designed to maintain a peg to the U.S. dollar. It is based on the concept of the original stablecoin Basis, which had $133 million in funding before being shut down due to regulatory concerns in 2018. The Basis Cash system utilizes a three-token mechanism consisting of Basis Cash (BAC), Basis Bonds (BAB), and Basis Shares (BAS) to achieve its pegged value.

Key Features

• Stablecoin: Basis Cash aims to maintain a value equal to one U.S. dollar.
• Algorithmic Central Bank: The blockchain dynamically adjusts the money supply to meet changes in demand, similar to the way central banks manage fiscal debt.
• Three-token System:
  • Basis Cash (BAC): Stablecoin pegged to the U.S. dollar.
  • Basis Bonds (BAB): IOUs sold at a discount to buy back Basis Cash when its price falls below $1.
  • Basis Shares (BAS): Receives seigniorage left after redeeming bonds.
• Censorship Resistant: Launched anonymously to avoid regulatory obstacles.

History

Basis Cash was created by an anonymous team, initially known by pseudonyms "Rick" and "Morty," who aimed to revive the original Basis protocol. The project was designed to be free from regulatory challenges, with no pre-mine or investors. It leverages the decentralized finance (DeFi) ecosystem to promote fair distribution and bootstrap liquidity and adoption.

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