
Basis CashBAC
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Basis Cash Price (BAC)
0.000000145 BTC3.22%
0.000002072 ETH3.33%

Basis Cash Links
Basis Cash Contracts

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Change the wallet network in the MetaMask Application to add this contract.
Basis Cash Tags
Basis Cash to USD Chart
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BAC Price Statistics
Basis Cash Price | $0.003912 |
---|---|
Price Change24h | +$0.00009469 2.48% |
24h Low / 24h High | $0.003799 / $0.003933 |
Trading Volume24h | $10,763 0.19% |
Volume / Market Cap | 0.05042 |
Market Dominance | No Data |
Market Rank | #1966 |
Total Value Locked (TVL) | $272,642 |
Market Cap | $213,489 2.48% |
---|---|
Fully Diluted Market Cap | $213,490 2.48% |
BAC to USD Converter
BAC Price Live Data
The live Basis Cash price today is $0.003912 USD with a 24-hour trading volume of $10,763.13 USD. We update our BAC to USD price in real-time. Basis Cash is up 2.48% in the last 24 hours. The current CoinMarketCap ranking is #1966, with a live market cap of $213,489 USD. It has a circulating supply of 54,575,145 BAC coins and the max. supply is not available.
If you would like to know where to buy Basis Cash at the current rate, the top cryptocurrency exchange for trading in Basis Cash stock is currently Gate.io. You can find others listed on our crypto exchanges page.
What Is Basis Share (BAS)?
Basis Share is one of three tokens that play a starring role in the Basis Cash ecosystem. It launched in late 2020 — and the team behind this project are aiming to create a decentralized algorithmic stablecoin that will become a mainstay in the DeFi space.
According to developers, BAS is “an ownership token which receives inflationary rewards from Basis Cash” — and its value will be directly linked to increasing adoption of BAC.
Basis Shares and Basis Bonds are used to help keep Basis Cash at a price of $1. If the price falls below this level, bonds can be purchased at discount prices — and redeemed on a 1:1 basis once prices exceed this level.
If BAC remains above $1 after bonds have been redeemed, new BAC tokens are minted and distributed to those who own Basis Shares.
Who Are the Founders of Basis Share?
This is where things get a little bit unusual. Basis Share, and the other tokens in the ecosystem, have been launched by two anonymous people called “Rick” and “Morty” — a clear reference to the popular cartoon series of the same name.
During an AMA session in early January of 2021, “Morty” said that there are plans to expand the team further as there are technical positions to be filled concerning integrations and applications.
What Makes Basis Share Unique?
What’s unusual about Basis Share is how this token appears to have come from the ashes of a project that never saw the light of day. Elements of this ecosystem have been derived from Basecoin, which managed to raise $133 million in an ICO. Andreessen Horowitz was among just some of the big names that decided to get involved. Unfortunately, a clampdown by the SEC meant these funds needed to be returned to investors.
Basis Share is unique because of how it is one of two tokens that will be responsible for ensuring that Basis Cash remains at a value of $1. This means that BAC isn’t actually collateralized by an asset such as gold, dollars or another cryptocurrency.
One of the project’s main goals is to ensure that the Basis Cash stablecoin is fairly distributed, and that it is resistant to censorship.
Related Pages:
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How Many Basis Share (BAS) Coins Are There in Circulation?
A total of one million BAS have been created, and they are being distributed to two liquidity pools on Uniswap in a 75/25 split. This token has been characterized as a “long position on the entire protocol” — a stark contrast to Basis Bonds, which have been likened to a fixed yield product.
Of course, the number of BAC in circulation is likely going to be far more fluid, as this will be determined by overall levels of supply and demand.
Where Can You Buy Basis Share (BAS)?
There are a number of Basis Share markets that are currently available. A DAI/BAS trading pair has been launched on Uniswap, while BAS/USDT pairs can be found on MXC.COM, Hoo and BKEx. Uniswap is the most liquid market by some distance. Learn more about how to convert fiat currencies into crypto here.
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BAC Price Statistics
Basis Cash Price | $0.003912 |
---|---|
Price Change24h | +$0.00009469 2.48% |
24h Low / 24h High | $0.003799 / $0.003933 |
Trading Volume24h | $10,763 0.19% |
Volume / Market Cap | 0.05042 |
Market Dominance | No Data |
Market Rank | #1966 |
Total Value Locked (TVL) | $272,642 |
Market Cap | $213,489 2.48% |
---|---|
Fully Diluted Market Cap | $213,490 2.48% |