basis.markets - Live basis.markets price and market cap

basis.markets Crypto Coin Rank 4950

Website

N/A

24h Vol

0 BTC

1 H

-0.15 %

24 H

-4.84 %

7 d

2.8 %

Today basis.markets price in US dollars is currently 0.0060 USD, and if converted to Bitcoin is 0.00000009 BTC. A total of N/A are currently circulating in the Market. basis.markets price is currently experiencing a change of -4.84 %, 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

0.00000009 BTC

BTC Market

0 BTC

BTC 24h Vol

0 BTC

Total Coins Mined

0 BASIS

-0.15 %

24h

-4.84 %

2.8 %

Twitter

basis.markets

Website

basis.markets

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

Sorry, detailed technology about basis.markets is not currently available

Features

Sorry, detailed features about basis.markets is not currently available