- #5836
Basis Cash BAC
BAC Price
Market Cap
$119,683.29Rank #5836FDV
$119,683.52Rank #9956Investors
X Followers
Detailed Performance
BAC shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
BAC to USD Converter
Price History
- All-Time High
- $1,010.99461008x to ATH
- All-Time Low
- $0.0012861.71x to ATL
- Trade Launch Date
- 30 Nov, 2020
1483 days ago
Fundraising
See more- ICO Price
- --
- Funds Raised
- $133.00 M
- Tokens Sold
- --
Exchanges
Exchanges type
About BAC
Basis Cash is an algorithmic stablecoin that is designed to maintain a peg of 1 USD. It aims to stabilize purchasing power by expanding and contracting its supply, similar to how central banks trade fiscal debt. Unlike other stablecoins, Basis Cash does not rely on collateral or rebases. It can be used as a medium of exchange. Additionally, Basis Cash has governance tokens called Basis Shares, which allow holders to participate in the protocol's governance and receive seigniorage rewards.
What makes Basis Cash unique?
Basis Cash is unique compared to other cryptocurrencies because it is an algorithmic stablecoin pegged to 1 USD. It aims to stabilize purchasing power by expanding and contracting its supply, similar to how central banks trade fiscal debt. Unlike other stablecoins, Basis Cash does not rely on collateral or rebases, reducing collateral risk. Additionally, Basis Cash has a governance system through its Basis Share tokens, allowing holders to participate in protocol governance and receive seigniorage rewards. This combination of stability and governance sets Basis Cash apart from other cryptocurrencies.
Live Basis Cash Price Data
The current price of Basis Cash (BAC) is approximately $0.002193, reflecting a decrease of -1.34% in the last 24 hours. The BAC trading volume in the last 24 hours stands at $1,762.23. Basis Cash's market cap is currently $119,683.29, accounting for about < 0.01% of the total crypto market cap. The circulating supply of BAC is 54.58 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Basis Cash's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on BAC, check out our crypto insights page.
Official Links
BAC to USD Converter
Price History
- All-Time High
- $1,010.99461008x to ATH
- All-Time Low
- $0.0012861.71x to ATL
- Trade Launch Date
- 30 Nov, 2020
1483 days ago
Fundraising
See more- ICO Price
- --
- Funds Raised
- $133.00 M
- Tokens Sold
- --