Details about Based cryptocurrency
€47
1,000,000,000
1
Unknown
https://based-finance.io
@BasedToken1
Based price charts
BDC exchanges
Based, the crypto
Based (BDC) is a decentralized finance (DeFi) platform that uses a rebasing mechanism to adjust the supply of tokens in response to market demand. The project was launched in August 2020 and is built on the Ethereum blockchain.
The point
The main point of Based (BDC) is to provide a stablecoin alternative that is not backed by any asset or pegged to any fiat currency. Instead, the token supply is adjusted automatically based on the price of the token, with the aim of maintaining a stable price over time.
The problem
Traditional stablecoins are backed by assets or pegged to fiat currencies, which can lead to issues such as centralization and lack of transparency. Based (BDC) tries to solve this problem by using a rebasing mechanism to maintain a stable price without relying on any external assets or currencies. This approach aims to provide a more decentralized, transparent, and flexible stablecoin alternative.
Compare BDC and BTC performance
| Timeframe | BDC | BTC |
|---|---|---|
| 1h change | 0 % | -0.234911 % |
| 24h change | 0 % | 1.25967 % |
| 7 day change | 0 % | -1.44157 % |
| 14 day change | 0 % | -9.47799 % |
| 30 day change | 0 % | -7.33786 % |
| 200 day change | 35.89 % | 129.168 % |
| Year change | -83.52 % | 129.33 % |