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Basis Cash Stock

Basis Cash

BAC

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Basis Cash Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GateBAC/USDT0116.5427.1881,986.690cex357/9/2025, 6:23 AM
Gate.ioBAC/ETH00000cex14/8/2025, 6:32 AM
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Basis Cash FAQ

What is Basis Share (BAS)?

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.

Who are the Founders of Basis Share?

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 Distinguishes Basis Share? Basis Share stands out due to its unique approach to cryptocurrency stabilization and governance. By leveraging an algorithmic mechanism, Basis Share aims to maintain stability in the value of its associated stablecoin, Basis Cash. This is achieved through a systematic process involving three tokens: Basis Cash (BAC), Basis Share (BAS), and Basis Bond (BAB). The protocol is designed to expand and contract the supply of BAC based on market demand, without the need for collateral backing. Basis Share plays a crucial role in this system by participating in the governance and decision-making processes that determine the monetary policies of the Basis ecosystem. Holders of Basis Share have the privilege to influence protocol adjustments that can drive the stabilization goals further. For detailed information and related metrics about Basis Share, please refer to Eulerpool.

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.

What is the Circulating Supply of Basis Share (BAS) Coins?

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.

Where can you purchase Basis Share (BAS)?

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.

Investors interested in Basis Cash are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.