basis-share logo download PNG or SVG

Information about basis-share

Basis Share is a token that is an essential component of the Basis Cash ecosystem, along with two other tokens. The project's objective is to establish a decentralized algorithmic stablecoin that will establish a strong presence in the DeFi space. The team launched Basis Share in late 2020. Developers have described it as an ownership token that receives rewards from Basis Cash's inflationary model. The token's value is directly tied to the growing adoption of BAC. Basis Shares and Basis Bonds are utilized to maintain the price of Basis Cash at $1. In case the price falls below this threshold, discounted bonds can be purchased and redeemed at a 1:1 ratio once the price exceeds $1. If BAC maintains a value above $1 even after bond redemption, new BAC tokens are created and distributed to Basis Share holders.

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