# Basis Share

> Basis Share (BAS) is a censorship-resistant & fairly distributed implementation of the Basis Protocol.

- Canonical URL: https://iq.wiki/wiki/basis-share
- Categories: Cryptoassets
- Created: 2022-07-25T01:47:49.390Z
- Last updated: 2022-10-12T15:35:33.865Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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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[\[1\]](#cite-id-zzqox167mg)[\[2\]](#cite-id-uplpx5but8).  
  
# 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[\[3\]](#cite-id-mfntiziqoor)[\[4\]](#cite-id-ykwzgt6a5sq).  
  
# 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[\[5\]](#cite-id-u6ftmksarxe).  
  
# 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.