The edge that pays for itself.
Basis Cash (BAC) Price
Basis Cash Price
DeFi Analytics
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| Gate | BAC/USDT | 0.00 | 116.54 | 27.18 | 81,986.69 | 0.00 | cex | 35.00 | 7/9/2025, 6:23 AM |
| Gate.io | BAC/ETH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | cex | 1.00 | 4/8/2025, 6:32 AM |
Basis Cash FAQ
Basis Share is one of three tokens integral to the Basis Cash ecosystem. Launched in late 2020, the team behind this project seeks to establish a decentralized algorithmic stablecoin intended to be a key component in the DeFi space. Developers describe BAS as “an ownership token which receives inflationary rewards from Basis Cash,” with its value directly tied to the increasing adoption of BAC. Both Basis Shares and Basis Bonds help maintain Basis Cash at the $1 mark. Should the price drop below this level, bonds can be acquired at discount prices and later redeemed on a 1:1 basis once the price exceeds this threshold. In instances where BAC remains above $1 after bond redemption, new BAC tokens are minted and distributed to holders of Basis Shares. For additional insights into Basis Cash, please visit Eulerpool.
This is where things become slightly unconventional. Basis Share, along with the other tokens within the ecosystem, were launched by two anonymous individuals known as "Rick" and "Morty"—a direct nod to the popular cartoon series of the same name. In an AMA session held in early January 2021, "Morty" mentioned plans to further expand the team due to the need to fill technical positions related to integrations and applications.
What is unusual about Basis Share is that this token seems to have emerged from the remnants of a project that never launched. Elements of this ecosystem have been derived from Basecoin, which successfully raised $133 million through an ICO. Andreessen Horowitz was among the notable investors involved. Unfortunately, regulatory actions by the SEC required these funds to be returned to investors. Basis Share is distinctive because it is one of two tokens responsible for maintaining Basis Cash at a value of $1. This indicates that BAC is not actually backed by an asset such as gold, U.S. dollars, or another cryptocurrency. A primary goal of the project is to ensure that the Basis Cash stablecoin is distributed fairly and remains resistant to censorship.
A total of one million BAS tokens have been issued and are being allocated to two liquidity pools on Uniswap with a 75/25 distribution ratio. This token is described as representing a "long position on the entire protocol," in stark contrast to Basis Bonds, which resemble a fixed yield product. The circulating supply of BAC is expected to be much more dynamic, as it will be influenced by overall levels of supply and demand.
Several Basis Share markets are currently available. A DAI/BAS trading pair has been introduced on Uniswap, and BAS/USDT pairs are accessible on MXC.COM, Hoo, and BKEx. Uniswap is notably the most liquid market by a considerable margin. Learn more about converting fiat currencies into crypto on Eulerpool.
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