Price change (24h):
2.88%
High (24h):
$0.00321007
Low (24h):
$0.0029526
Volume (24h):
$3.62K
Market Cap:
$167.08K
All Time High:
100.00% $1010.99
Nov 30, 2020
All Time Low:
135% $0.00
Oct 27, 2024
68.73 %(1Y)
$0.00306144
Price change (24h):
2.88%
High (24h):
$0.00321007
Low (24h):
$0.0029526
Volume (24h):
$3.62K
Market Cap:
$167.08K
All Time High:
100.00% $1010.99
Nov 30, 2020
All Time Low:
135% $0.00
Oct 27, 2024
Basis Cash (BAC) is a fairly distributed, censorship-resistant cryptocurrency that functions as an algorithmic stablecoin. It belongs to the seigniorage category of decentralized finance assets, operating without fiat collateral.
The protocol targets the centralization vulnerabilities inherent in fiat-backed stablecoins by substituting custodial reserves with an autonomous central bank model. Seigniorage—the profit from issuing currency—drives the stabilization mechanism. Supply expansions and contractions flow programmatically, responding to market deviations from the one-dollar target.
Basis Cash operates on the Ethereum network. Its smart contracts autonomously adjust the supply of BAC tokens, attempting to nullify price swings without human intervention. This algorithmic seigniorage approach classifies it distinctly from overcollateralized stablecoins.
The BAC token adheres to the ERC-20 standard, securing broad interoperability with Ethereum wallets and decentralized exchanges. A rebase function mechanically alters token balances across all addresses when the price diverges from the peg, directly expanding or contracting the money supply. Network security inherits from Ethereum’s consensus layer.
The project materialized as a community-driven implementation of the Basis Protocol, a conceptual design for an algorithmic central bank. No single founder has been publicly identified, reinforcing the fair distribution ethos that eschewed pre-mined allocations. The codebase launched publicly on GitHub, enabling transparent scrutiny and permissionless participation.
Its long-term ambition is to furnish a censorship-resistant unit of account that functions independently of any central issuer or fiat reserve. By dissolving the administrative control points that can freeze or blacklist assets, the protocol aims to deliver a genuinely permissionless stablecoin for global DeFi markets. This vision rejects the trade-offs of centralized stablecoin operators, pursuing pure algorithmic equilibrium.
BAC tokens act as the native stable unit, with supply governed by a sophisticated mint-and-burn contract system. When market price surpasses the peg, the protocol mints new coins to dilute value; when it dips below, it incentivizes contraction through arbitrage. The token also integrates into yield farming venues, where liquidity providers earn seigniorage-derived rewards during inflationary phases.
Positive rebase events automatically increase BAC holdings for every address, rewarding those who retain the token during expansionary cycles. Arbitrage traders exploit the spread by buying below the peg, knowing the protocol will eventually restore parity, while yield farmers deposit BAC into liquidity pools to capture distribution incentives. These mechanics transform volatility into systemic correction levers.
Basis Cash has a total supply of 54,575,249.83 BAC tokens. Currently, 54,575,145.21 are in circulation. The protocol imposes no hard cap; the supply dynamically adjusts through smart contract-driven expansions and contractions to maintain the dollar peg. With a market capitalization of $138,160.85, Basis Cash ranks #2,788 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 10/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 09/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 08/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 07/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 06/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 05/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 04/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 03/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
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