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Basis (BASIS)
BASIS
1 Basis (BASIS) Rank 7992
$0.002039
Buy / Sell
Basis (BASIS) Rank 7992
Website
Twitter
0 BASIS
Buy / Sell
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Basis (BASIS) Price $0.00
$0.00
Basis (BASIS) 24h Vol
$11
$11
Basis (BASIS) Market Cap $0
$0
Basis (BASIS) Circulating 0
0
Full Name
Basis (BASIS)
Symbol
BASIS
Algorithm
ETH Token
BTC Price
10,000.00 BTC
BTC Market
0 BTC
BTC 24h Vol
53,948,014 BTC
Total Coins Mined
0 BASIS
1h
0 %
24h
-11.13 %
7d
-4.93 %
Twitter
Website
Description
Basis is a stable coin pegged to arbitrary assets or goods remaining fully decentralised and always pegged to 1 USD. Furthermore, Basis has the option to be updated to peg to a Consumer Price Index (CPI) or a basket of goods. The Basis stability system uses common investment incentives and instruments, similar to traditional bonds and equity shares, this means the market participants help the coin maintain exchange rate stability. As an example, if the value of Basis token falls, the system creates new bonds worth one Basis token each. The bonds are then sold by the system for Basis tokens, reducing the token supply and driving the token price back up to the targeted value.
The Basis project reported in April $133million of funds raised from 225 investors (e.g. Andreessen Horowitz, Bain Capital Ventures, Pantera Capital, Polychain, and Digital Currency Group) and also attracted distinguished advisors such as Stanley Druckenmiller and economist John Taylor.
| Full Name | Basis (BASIS) |
|---|---|
| Start Date | N/A |
| Algorithm | ETH Token |
| Proof Type | N/A |
| Website | www.basis.io/ |
| @basisprotocol | |
| N/A | |
| N/A | |
| Block Number | N/A |
| Block Time | N/A |
| Block Reward | N/A |
| Total Coins Mined | N/A |
| Previous Total Coins Mined | N/A |
| Net Hashes Per Second | N/A |
Basis (BASIS) News
Economists Predict Federal Reserve Will Reduce Interest Rates by 25 Basis Points in September
Economists predict the Fed will cut rates by 25 basis points in September. Wall Street banks expect a larger rate cut, increasing market uncertainty. Continue Reading:Economists Predict Federal Reserve Will Reduce Interest Rates by 25 Basis Points in September The post Economists Predict Federal Reserve Will Reduce Interest Rates by 25 Basis Points in September appeared first on COINTURK NEWS.
08-09-2024 14:43
Federal Reserve Lifts Interest Rates Another 25 Basis Points
The bitcoin price was TKTK in the minutes following the announcement.
02-01-2023 19:03
Federal Reserve Raises Rates by 25 Basis Points
Today the U.S. Federal Reserve announced that it was bringing interest rates to the 4.50% to 4.75% range, a 0.25% increase from last month. Rates were still at 0% less...
02-01-2023 19:00
Shiba Inu (SHIB) Boasts New Listing As Price Jumps 22% on Weekly Basis
Popular meme token Shiba Inu got listed by this trading app as price hit two-month high
01-17-2023 12:52
Bitcoin Volatility Explodes Around $18K Level, As Fed Reveals 50 Basis Point Rate Increase
Bitcoin price touched a high of nearly $18,400 in anticipation of today’s Federal Reserve meeting, where the US central bank was expected to raise interest rates by 50 basis points. Volatility picked up as the Fed meeting commenced, with Bitcoin suffering a sudden pullback to $17,700. Here’s what you need to know about the last Fed meeting of the year. No Pivot: Fed Hikes Rates 50 Basis Points All eyes were on today’s Fed meeting and if Fed Chair Jerome Powell would follow through and soften int...
12-14-2022 20:55
