BasisX is an algorithmic stablecoin project built on the Huobi ecological chain. In order to better build Heco's ecology, BasisX has made innovations and optimizations in both the mechanism design and the technical model. As HT's first anchor USD The algorithmic stablecoin, BXC and HT closely fit, and do their best to promote the development and growth of the Huobi ecological chain application.
 
When the price of BXC is higher than US$1.05, the contract minted BXC and allocated to BXS pledge users; when the price of BXC is lower than US$0.95, users can purchase BXB at a discounted price, and when the price of BXC returns to US$1.05, the ratio will be 1:1 Buy BXC and get benefits.
 
BasisX is an upgraded version of Basis Protocol, which has been optimized in several aspects:
 
1)The upper limit of the inflation rate is 4%. By setting the maximum expansion rate, the token model will run more stably .
2) Rebase time is shortened to be every 6hrs, which brings more exciting and smooth mining experience .
3) Supports HRC20 USDT mining 
 

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