alexametrics
5130 cryptocurrencies
Total Market Cap $1,741.00B
24h Total Volume $33.65B

Basis Basis star

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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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Proof type
24h Open $0.00000000
24h Low $0.00000000
24h High $0.00000000
Price in BTC BTC
Current Supply BASIS
Market Cap $0
24h Volume (coin) BASIS
24h Volume (currency) $0
24h Total volume (coin) BASIS
Volume 24H $0.00000000
Last updated 2021-10-20 14:02:22 +01:00 BST
ID Market Type Price Quantity Total
Date Price Volume

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