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About Basis Share

Basis Cash is an algorithmic stablecoin that is open-source in nature. According to the official documents, the Basis Cash protocol tries to bring back the original idea of basis.io, first published as a lightweight Ethereum blockchain implementation.

Although there are many different stablecoin processes, Basis Cash uses an "algorithmic central bank" approach to govern the supply of tokens according to a set of rules. The algorithm is in charge of matching the stablecoin supply with variable demand in order to keep the token price stable.

Basis Cash tokens aim to serve as a medium of exchange. Their supply is expanded and contracted via a built-in stability mechanism, which keeps them tied to the MakerDAO ‘Multi-Collateral Dai’ token.

Basis Shares represent the value of the Basis Cash network. If there is enough demand for Basis Cash, fresh tokens are produced and issued to Basis shareholders, assuming the Treasury is fully stocked. Holders of Basis Share tokens are entitled to a pro-rata share of the accumulated Basis Cash tokens in the Boardroom contract.

There are no pre-allocations to the founding team or external traders in either Basis Shares or Basis Cash. Instead, shares are granted to members of the community who perform acts that benefit the network. The protocol's long-term viability benefits from a fair, open distribution of the whole token supply, rewarding those with a stake in the network rather than speculators looking for quick profits. Further, spreading BAS rewards creates a significant financial incentive for network bootstrapping, resulting in increased adoption through network effects. For example, rewarding Basis Cash liquidity providers prevent the currency from depreciating excessively, which could be harmful to the network.

The whitepaper was first published on June 20, 2017.

Market

Spain Market Stats

Market cap

€68,917.68

Volume (24h)

€67.81

Circulating supply

409.4K BAS

All time high

€879.85

Spain Market performance

Price change (1h)

0%

Price change (1d)

+1.25%

Price change (1w)

+0.02%

Price change (2w)

-0.85%

Price change (1m)

-24.83%

Price change (1y)

-9.68%

Spain News about Basis Share

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Basis Share is on the rise this week.

The price of Basis Share has decreased by 0.00% in the last hour and increased by 1.25% in the past 24 hours. Basis Share’s price has also risen by 0.02% in the past week. The current price is €0.17 per BAS with a 24-hour trading volume of €67.81. Currently, Basis Share is valued at 99.98% below its all time high of €879.85. This all-time high was the highest price paid for Basis Share since its launch.

The current circulating supply of Basis Share is 409,438 BAS which means that Basis Share has as total market cap of 409,438.

FAQ

What is the current price of Basis Share?

We update our Basis Share to EUR currency in real-time. Get the live price of Basis Share on Coinbase.

What is the market cap of Basis Share?

The current market cap of Basis Share is €68.92K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Basis Share?

The all-time high of Basis Share is €879.85. This all-time high is highest price paid for Basis Share since it was launched.

What is the 24 hour trading volume of Basis Share?

Over the last 24 hours, the trading volume of Basis Share is €67.81.

How many Basis Share are there?

The current circulating supply of Basis Share is 409 thousand.

Can I buy Basis Share on Coinbase?

Yes, Basis Share is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Basis Share guide.