A stable cryptocurrency with an algorithmic central bank
Smart contract blockchain
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.
The Basis is an ICO which actually revolves around a construction material. It has already gained fame in Russia. The people behind this project are organizing a crowdfunding initiative that will attract investment via a blockchain token. The aim of this project is to bring innovative construction methods around the globe. As this project is unique the team believes that Basis will achieve success in its initial stages itself. The team seems to be experienced but they have not been able to achieve the success that they aspired to have. The whitepaper is average and roadmap is almost good. Though the website is made well and it provides all information about Basis clearly.
User ReviewWrite review 1 reviews
The project is based on construction building material and seems to be unique but the team has not been able to perform to their best and till date are not able to manage their community well.Therefore I won't invest in this ico and I recommend everyone not to invest in the same.
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