What is Basis Share? The Basis Share token is one of three that play a starring role in Basis Cash. According to developers, BAS is an ownership token which receives inflationary rewards from Basis Cash, and its value will be linked to increasing adoption of BAC. Basis Cash is kept at a price of $1 with the help of Basis Bonds and Basis Shares. If BAC stays above $1 after bonds are redeemed, new BAC token will be issued and distributed to those who own Basis Shares.
Who is the originator of Basis Share? Things get a little weird here. There are plans to expand the team further as there are technical positions to be filled concerning integrations and applications, according toMorty.
What makes Basis share unique? Basis Share seems to have come from the ashes of a project that never saw the light of day. Basecoin managed to raise $133 million in an initial coin offering. Some of the biggest names decided to get involved. Basis Share is unique because it is one of two token that will be responsible for ensuring that Basis Cash remains at a value of $1. One of the main goals of the project is to ensure that the Basis Cash stable coin is fairly distributed and resistant to censorship.
There are related pages. You can find out more about Basis Cash. How stable are coins? In our glossary, you can learn aboutcryptocurrencies.
