Basis Project Introduction, Team, Financing and News

Performances

Comparison

Team

Lawrence Diao

Co-Founder

Fundraising

Round	Amount	Valuation	Date	Source	Investor
ICO	$ 133M	--	Apr 18, 2018	--	AAndreessen Horowitz PPantera Capital DDigital Currency Group 11confirmation PPolychain FFabric Ventures ggumi Cryptos Capital BBlockchange Ventures SSora Ventures 11kx ZZhenFund DDistributed Global FFoundation Capital SSky9 Capital SSlow Ventures KKindred Ventures BBain Capital Ventures MMetaStable Capital GGoogle Ventures IINBlockchain CCeyuan Ventures UUnderscore VC

Follow Updates

Details

Basis is a stable cryptocurrency protocol with an algorithmic central bank designed to remove volatility. It is designed to keep prices stable by algorithmically adjusting the supply, similar to how central banks buy and sell fiscal debt to stabilize purchasing power. When demand is increasing, the blockchain will create more Basis, with the expanded supply designed to bring the Basis price back down. Conversely, when demand is decreasing, the blockchain will buy back Basis, with the contracted supply designed to restore the Basis price. Following intervention by the U.S. SEC, Basis was shut down in December 2018.

Tags:

DeFi

Stablecoin Protocol

Ecosystem(1):

Ethereum

Formerly:

Basecoin

Founded:

2017

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