Basix protocol is a Defi project, redesigning different concepts to provide profit for every token holder who understands how it works. The $BASX token is a hybrid of Ampleforth economic policy and YFI with the added functionality of an NFT. In other words, the Basix protocol is a modern decentralized system that introduces a deflationary system with NFT characteristics (currently, NFT is under development). $BASX is the token of the protocol. Every 24 hours, the Basix protocol will adjust the total amount of $BASX tokens, and the target value will be pegged to $sUSD at a ratio of 1:1.