Basis: Difference between revisions
Jump to navigation
Jump to search
(Created page with " '''= cryptocurrency designed to create a Stable Decentralized Programmable Money through an Algorithmic Central Bank mechanism''' URL = https://basis.io/ =Description=...") |
No edit summary |
||
| Line 1: | Line 1: | ||
'''= cryptocurrency designed to create a Stable Decentralized Programmable Money through an [[Algorithmic Central Bank]] mechanism''' | '''= cryptocurrency designed to create a Stable Decentralized Programmable Money through an [[Algorithmic Central Bank]] mechanism''' | ||
| Line 16: | Line 15: | ||
(https://basis.io/) | (https://basis.io/) | ||
[[Category:Crypto_Economy]] | |||
[[Category: | [[Category:Cryptoledger_Applications]] | ||
[[Category:Money]] | [[Category:Money]] | ||
Latest revision as of 11:57, 16 September 2024
= cryptocurrency designed to create a Stable Decentralized Programmable Money through an Algorithmic Central Bank mechanism
URL = https://basis.io/
Description
"Basis is designed to keep prices stable by algorithmically adjusting supply:
- When 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." (https://basis.io/)