basis-cash logo download PNG or SVG

Information about basis-cash

Basis Share is a digital token that is a key component of the Basis Cash ecosystem. Launched in late 2020, the team behind this project aims to establish a decentralized algorithmic stablecoin that will be widely embraced in the DeFi sector. According to the developers, BAS is an ownership token that earns rewards linked to the inflation of Basis Cash, with its value directly tied to the growing adoption of BAC. Basis Shares and Basis Bonds serve the purpose of maintaining the price stability of Basis Cash at $1. In the event that the price falls below this threshold, discounted bonds can be purchased and redeemed on a 1:1 basis once the price surpasses $1. If BAC remains valued above $1 even after the redemption of bonds, new BAC tokens are created and distributed to owners of Basis Shares.

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