BAC

Basis CashBAC

Rank #901
Token
On 665 watchlists

Basis Cash Price (BAC)

$0.2782
3.67%

0.000005101 BTC2.25%

0.0001076 ETH11.90%

Low:$0.2754
High:$0.2935
24h
BAC  Basis Cash BACPrice: $0.2782 3.67%
Market Cap
$15,693,829
3.67%
Market Cap / TVL Ratio
38.87
Fully Diluted Market Cap
$15,693,859
3.67%
Total Value Locked (TVL)
$403,782
Volume
24h
$294,248
149.19%
Volume / Market Cap
0.01875
Circulating Supply
56,419,685 BAC
Max Supply
--
Total Supply
56,419,796

Basis Cash Chart

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BAC Price Live Data

The live Basis Cash price today is $0.278162 USD with a 24-hour trading volume of $294,248 USD. Basis Cash is down 3.67% in the last 24 hours. The current CoinMarketCap ranking is #901, with a live market cap of $15,693,829 USD. It has a circulating supply of 56,419,685 BAC coins and the max. supply is not available.

The top exchanges for trading in Basis Cash are currently MXC.COM, Gate.io, Uniswap (V2), and BKEX. 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.

Find out more about Basis Cash.

How stable are algorithmic stablecoins?

Learn about crypto in our glossary.

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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

Basis Cash

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USD

United States Dollar

BAC Price Statistics

Basis Cash Price Today
Basis Cash Price$0.2782
Price Change24h$-0.01061
3.67%
24h Low / 24h High
$0.2754 /
$0.2935
Trading Volume24h$294,248.00
149.19%
Volume / Market Cap0.01875
Market Dominance0.00%
Market Rank#901
Total Value Locked (TVL)$403,782
Basis Cash Market Cap
Market Cap$15,693,828.51
3.67%
Fully Diluted Market Cap$15,693,859.36
3.67%
Basis Cash Price Yesterday
Yesterday's Low / High
$0.2796 /
$0.2945
Yesterday's Open / Close
$0.2889 /
$0.2839
Yesterday's Change

1.73%

Yesterday's Volume$135,411.73
Basis Cash Price History
7d Low / 7d High
$0.2754 /
$0.3189
30d Low / 30d High
$0.2754 /
$0.3449
90d Low / 90d High
$0.2754 /
$0.6164
52 Week Low / 52 Week High
$0.2754 /
$1,013.25
All Time High
Nov 30, 2020 (5 months ago)
$1,013.25
99.97%
All Time Low
Apr 22, 2021 (10 hours ago)
$0.2754
1.00%
Basis Cash ROI
No Data
Basis Cash Supply
Circulating Supply56,419,685 BAC
Total Supply56,419,796 BAC
Max SupplyNo Data