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What is BasisX
BasisX is an algorithmic stabilization project based on the Hubi Ecological Chain. When the price of BXC exceeds US $ 1.05, the agreement allows BXC and assigns BXS to pledge customers; When the BXC price is less than US $ 0.95, customers can buy the BXB at a discounted price and when the BXC price returns to US $ 1.05, the ratio to buy the BXC and make a profit is 1: 1.
Basis X Algorithm Static static tokens are divided into three types: BXC, BXS and BXB. BasisX initially has 50,000 bxc mining and supports mining with multiple tokens including HISD, HT, HBTC, HDOT, HET. In BasisX, customers can not only earn revenue through BXS and BXC to provide liquidity, but also earn revenue through the allotted income received by BXS holders.
How the BASISX system works
The Basis X protocol consists of three tokens: BXC, BXS and BXB. BXC and BXS can be obtained through liquidity mining, where BXC is valued at USD and priced at 1 USD, BXS holders participating in board stacking can receive BXC inflation premium income and board mining will begin 6 days after the start of the project. . The BXB is a bond issued to repurchase the BXC when the price of the BXC is less than 0.95 USD, and BXC holders can exchange the BXC in a 1: 1 ratio when the BXB price exceeds 1.05 USD. The Basis X protocol ensures financial resilience, but also engages a wide audience sufficiently to further empower Hoods and HEOs.
Understanding the Basis X project from multiple angles
BasisX is an improved version of the Basis protocol that has been adopted in many respects
1) The upper limit of the inflation rate, by determining the maximum rate of expansion, makes the token model more stable
2) The shorter the rebase time, the higher the frequency frequency the more intense the experience
3) Support USDT mining in line with more consumer habits
When the BXC crosses $ 1.05
When the price of BXC exceeds $ 1.05, the agreement mainly allows BXB Redeemers to BXB Redeemers. Even after the BXB is redeemed, if the BXC price is traded above the $ 1 price, demand for the BXC’s new BXC token result will increase and will be distributed to BXS holders.
BasisX is an algorithmic static currency running on HECO.
BasisX was created by the BasisX team as the first algorithmic stable currency in HECO. It is an innovative solution that can adjust the supply of fixed price stability to move the target currency price in the target price direction to bring programmability and interoperability to DFI.
Inspired by Basis and its predecessors, BasisX is a multi-token protocol consisting of three tokens: Basis X Cash (BXC), Basis X Share (BXS) and Basis X Bond (BXB).
#BasisX #BXC #DEFI #HECO #HuobiEcochain
More information for visit this Link
Website : https://basisx.io/
Twitter : https://twitter.com/x_basis
Telegram : https://t.me/BasisxOfficial
Medium : https://basisx.medium.com/
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