Basis Share (BAS) is a censorship-resistant & fairly distributed implementation of the Basis Protocol. It inspired individuals, by painting a picture of a world that runs entirely on decentralized digital dollars the policies for which cannot be corrupted or politicized^[1][2].

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Overview

Basis Share is not a DeFi (Decentralized Finance) project. The project is simply leveraging the industry’s excitement in the category to bring much-deserved attention and engagement to the Basis Protocol, and to use this opportunity to distribute ownership in the protocol fairly^[3][4].

Features

• Basis Cash
• Basis Share
• Basis Bond

Basis Cash

Basis Cash is an ERC-20. Basis Cash doesn’t natively implement an AMM. It has implemented a fixed formula to price bonds instead of an auction, such that a bond can be purchased when cash is de-pegged at 1^[5].

Basis Share Purchase

Users can purchase Basis Share (BAS) using their investment from Coinbase. Users can buy Basis Share (BAS) at a good number of cryptocurrency exchanges including MXC.

Basis Protocol was brought back from the grave. Basis Cash is a censorship-resistant & fairly distributed implementation of the Basis Protocol, which after a 133M Initial Coin Offering (ICO) was shut down by the SEC due to concerns its Basis bonds and share tokens may be securities.