- #6385
Based Money $BASED
$BASED Price
Market Cap
$82,741.75Rank #6385FDV
$85,047.55Rank #10661Investors
X Followers
Detailed Performance
$BASED shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
$BASED to USD Converter
Price History
- All-Time High
- $1,393.408591x to ATH
- All-Time Low
- $0.00677723.93x to ATL
- Trade Launch Date
- 12 Aug, 2020
1608 days ago
About $BASED
Based Money is a decentralized finance (DeFi) protocol that operates like a game of chicken. It combines elements from Ampleforth's economic policy and YFI's distribution mechanism. The protocol adjusts the supply of its native token, $BASED, every 24 hours to target a stable value of 1 $BASED to 1 $sUSD. Unlike Bitcoin with a stable supply, $BASED has a volatile supply to maintain a stable price. The protocol follows a set of rules that cannot be changed, making it impossible for an exit scam to occur. The tokens are distributed among holders, and once the token pools are depleted, no more $BASED tokens can be minted. It is built by Ghouls and emphasizes transparency and anti-copyright beliefs.
What makes Based Money unique?
Based Money (BASED) is unique compared to other cryptocurrencies because it has its own independent set of rules that are enforced by the protocol. This means that its price movements are not tightly coupled with other cryptocurrencies like Bitcoin. While the prices of traditional cryptocurrencies often move in sync, BASED presents a unique value and opportunity in the DeFi space. Additionally, BASED has no owners and the contracts cannot be changed, making it impossible for an exit scam to occur. The supply of BASED tokens can only change through rebasing events, which allows users to take advantage of future price movements.
Live Based Money Price Data
The current price of Based Money ($BASED) is approximately $0.1622, which has remained unchanged in the last 24 hours. The $BASED trading volume in the last 24 hours stands at $50.95. Based Money's market cap is currently $82,741.75, accounting for about < 0.01% of the total crypto market cap. The circulating supply of $BASED is 510,121.82.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Based Money's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on $BASED, check out our crypto insights page.
Official Links
$BASED to USD Converter
Price History
- All-Time High
- $1,393.408591x to ATH
- All-Time Low
- $0.00677723.93x to ATL
- Trade Launch Date
- 12 Aug, 2020
1608 days ago