Basis Stock
Basis is a price-stable cryptocurrency with an algorithmic central bank.
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About Basis Stock
Basis (formerly Basecoin) is a price-stable cryptocurrency with an algorithmic central bank. Basis is designed to keep prices stable by algorithmically adjusting supplyWhen demand is rising, the blockchain will create more Basis. The expanded supply is designed to bring the Basis price back down. When demand is falling, the blockchain will buy back Basis. The contracted supply is designed to restore Basis price. The Basis protocol is designed to expand and contract supply similarly to the way central banks buy and sell fiscal debt to stabilize purchasing power. For this reason, we refer to Basis as having an algorithmic central bank.
Funding History
October 2017 | $0 |
---|---|
April 2018 | $133M |
April 2018 | $0 |
Management
Co-Founder
Josh Chen
Co-Founder
Lawrence Diao
CEO & Co-Founder
Nader Al-Naji
Chief of Staff
Dionne Gordon
CTO
Brian Freyburger
General Counsel
Susan Sidd
Press
TechCrunch - Dec, 13 2018
Basis, backed with $133 million from top VCs to build a price-stable cryptocurrency, says it’s shutting down and returning the moneyBTCMANAGER - Jun, 6 2018
$30 Million Worldwide Blockchain Investment Fund Launched by Mobile Game DeveloperTechCrunch - Apr, 18 2018
Basis, a year-old startup that’s building a price-stable cryptocurrency, just raised $133 million from top investorsCoinDesk - Apr, 9 2018
$125 Million Raised in Basecoin SAFT Sale, SEC Filing ShowsForbes - Nov, 28 2017
Naval Ravikant On How Crypto Is Squeezing VCs, Hindering Regulators And Bringing Users ChoiceCryptovest - Oct, 18 2017
Princeton Graduates Invite Investment Funds to ICOFortune - Oct, 16 2017
Bain Capital and Andreessen Horowitz Confirm Investment in New Cryptocurrency BasecoinCoinDesk - Oct, 15 2017
Basecoin Revealed: A16z, MetaStable Seek Crypto Holy Grail With Stable TokenEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
Some data provided by Crunchbase