BAS

Basis ShareBAS

Rank #2392
Token
On 75 watchlists

Basis Share Price (BAS)

$60.58
19.49%

0.001876 BTC

0.04477 ETH

Low:$60.48
High:$77.18
24h
BAS  Basis Share BASPrice: $60.58 19.49%
Market Cap
- -

Why is there no Market Cap? 

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Fully Diluted Market Cap
- -
Volume
24h
$1,952,224
40.83%
Circulating Supply
- -

Why is there no Total Supply? 

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Basis Share Chart

 

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About Basis Share

Basis Share price today is $60.58 USD with a 24-hour trading volume of $1,952,224 USD. Basis Share is down 19.49% in the last 24 hours. The current CoinMarketCap ranking is #2392, with a market cap of not available. The circulating supply is not available and the max. supply is not available.

The top exchanges for trading in Basis Share are currently MXC.COM, BKEX, and Hoo. 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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BAS

Basis Share

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USD

United States Dollar

BAS Price Statistics

Basis Share Price Today
Basis Share Price$60.58
Price Change24h$-11.81

19.49%

24h Low / 24h High
$60.48 /
$77.18
Trading Volume24h$1,952,224.33

40.83%

Market DominanceNo Data
Market Rank#2392
Basis Share Market Cap
Market CapNo Data
Fully Diluted Market CapNo Data
Basis Share Price Yesterday
Yesterday's Low / High
$60.94 /
$77.49
Yesterday's Open / Close
$66.80 /
$63.73
Yesterday's Change

4.59%

Yesterday's Volume$2,452,839.12
Basis Share Price History
7d Low / 7d High
$60.48 /
$120.98
30d Low / 30d High
$60.48 /
$945.34
90d Low / 90d High
$60.48 /
$945.34
52 Week Low / 52 Week High
$60.48 /
$945.34
All Time High
Dec 30, 2020 (a month ago)
$945.34

93.59%

All Time Low
Jan 26, 2021 (22 minutes ago)
$60.48

0.18%

Basis Share ROI
No Data
Basis Share Supply
Circulating SupplyNo Data
Total SupplyNo Data
Max SupplyNo Data

Basis Share Markets

No Data

Basis Share News

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