BAS-Basis ShareDetailed Description

BAS-Basis Share Detailed Description

Basis Cash is based on the stablecoin Basis (formerly known as Basecoin). Basis raised $133 million through an ICO, and the project team returned all funds at the end of 2018 after the intervention of US securities regulators. Basis Cash (BAC) is pegged 1:1 to the US dollar. The price of Basis Cash is managed by two other crypto assets: Basis Bonds and Basis Shares. The current total of 1 million BAS will be allocated to the Uniswap v2 pool (750,000 in the former pool and 250,000 in the latter pool).