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Basis Stock
Basis is a price-stable cryptocurrency with an algorithmic central bank.
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
BTCMANAGER - Jun, 6 2018
TechCrunch - Apr, 18 2018
CoinDesk - Apr, 9 2018
Forbes - Nov, 28 2017
Cryptovest - Oct, 18 2017
Fortune - Oct, 16 2017
CoinDesk - Oct, 15 2017
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Some data provided by Crunchbase