BAS meaning in Cryptocurrency ?

Answer: What Is Basis Share (BAS)?

Basis Share is one of three tokens that play a starring role in the Basis Cash ecosystem. It launched in late 2020 — and the team behind this project are aiming to create a decentralized algorithmic stablecoin that will become a mainstay in the DeFi space.

According to developers, BAS is “an ownership token which receives inflationary rewards from Basis Cash” — and its value will be directly linked to increasing adoption of BAC.

Basis Shares and Basis Bonds are used to help keep Basis Cash at a price of $1. If the price falls below this level, bonds can be purchased at discount prices — and redeemed on a 1:1 basis once prices exceed this level.

If BAC remains above $1 after bonds have been redeemed, new BAC tokens are minted and distributed to those who own Basis Shares.

Who Are the Founders of Basis Share?

This is where things get a little bit unusual. Basis Share, and the other tokens in the ecosystem, have been launched by two anonymous people called “Rick” and “Morty” — a clear reference to the popular cartoon series of the same name.

During an AMA session in early January of 2021, “Morty” said that there are plans to expand the team further as there are technical positions to be filled concerning integrations and applications.

What Makes Basis Share Unique?

What’s unusual about Basis Share is how this token appears to have come from the ashes of a project that never saw the light of day. Elements of this ecosystem have been derived from Basecoin, which managed to raise $133 million in an ICO. Andreessen Horowitz was among just some of the big names that decided to get involved. Unfortunately, a clampdown by the SEC meant these funds needed to be returned to investors.

Basis Share is unique because of how it is one of two tokens that will be responsible for ensuring that Basis Cash remains at a value of $1. This means that BAC isn’t actually collateralized by an asset such as gold, dollars or another cryptocurrency.

One of the project’s main goals is to ensure that the Basis Cash stablecoin is fairly distributed, and that it is resistant to censorship.

Related Pages:

Find out more about Basis Cash.

How stable are algorithmic stablecoins?

Learn about crypto in our glossary.

reference

Full Form	Category
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Bʹʹlgarska Akademiâ na Naukite	Academic & Science
Bangladesh Astronomical Society	Academic & Science
Bulgarian Academy of Sciences	Academic & Science
Bureau of Agricultural Statistics	Academic & Science
Bachelor of Applied Studies	Academic & Science
Build Assessment Summary	Academic & Science
British Antarctic Survey	Academic & Science
Building Automated System	Academic & Science
Business Activity Statement	Accounts and Finance
Board for Actuarial Standards	Accounts and Finance
Balalae	Airport Code
Business Audio Source	Business
Business Administration Scale	Business
Business Activity Statements	Business
Business Application Services	Business
Business Automation Services	Business
Bank Account Statement	Business
Business and Administrative Services	Business
Bass, P. L. C.	Business
Book of Authorized Services	Business
Bass Strait Oil Company Ltd	Business
Bouwlust After School	Community
Brighton Area Schools	Community
Bit rate Allocation Signal	Computer and Networking
Visual Basic Module	Computing
Borland Appserver	Computing
Broadband Access Switch	Computing
Business Authentication Service	Computing
Basic Activity Subset	Computing
Binary Attribute Set	Computing
Basis Share	Cryptocurrency
Block Ape Scissors	Cryptocurrency
Brachycephalic Airway Syndrome	Disease
Basic Language Source Code File ( Quickbasic - Gw-basic)	File Type
Boundary and Annexation Survey	General
Boundary and Annexations Survey	General
Building Automation System	General
Basic Allowance for Sustenance	General
Beneficial to All Stakeholders	General
Build Advise Support	General
Benefit Auctioneer Specialist	General
Benchmark Assssment System	General
Bachelor in Applied Studies	General
Belt Alternator Starter	General
Behavioral Approach System	General
Brake Assist System	General
Braking Assist System	General
Benchmark Assessment System	General
Baltic Armada Semen	General
Building Automation Systems	General
Basic Allowance for Substance	General
Brake Apply Sensor	General
Benefit Administrative Systems	General
Breach and Attack Simulation	General
Belt Alternator System	General
Back After Summer	General
Bistable Automatic Shoe	General
Behaviour Assertion Sheets	General
Benefit Allocation Systems	General
Become A Star	General
Belt-Driven Alternator Starter	General
Beijing Auto Show	General
Bremsassistent	General
British Austin Society	General
British Ambulance Society	General
British Automotive Society	General
The Bovine Appreciation Society	General
Bloody Anime Station	General
Becoming Anti Social	Governmental
Behavorial Analysis Science	Governmental
Bibliography of Asian Studies	International
Big A** Scope	Internet
Basophils	Medical
Basal	Medical
Back Arm Squeeze	Medical
Balloon Atrial Septostomy	Medical
barium sulphate	Medical
barium swallow	Medical
Biological Age Score	Medical
Biologically Active Substance	Medical
British Andrology Society	Medical
bronchoalveolar secretions	Medical
Bronx Aging Study	Medical
Ballistic Addon Studios	Military and Defence
Baseline Assessment Strategy	Military and Defence
Battlefield Automated System(s)	Military and Defence
Basic Allowance for Subsistence	Military and Defence
Battalion Aid Station	Military and Defence
Bulletin of The Atomic Scientists	Physics Related
Ballalae, Solomon Islands	Regional
Basa	Regional
Block Acquisition Sequence	Space Science
Beat All Sports	Sports
Bay Area Slashers	Sports