Basis Dollar (BSD)
Details about Basis Dollar cryptocurrency
€25,452 ( 0%)
€0
2,579,846
2,574,081
0
Unknown
https://basisdollar.fi/
@BasisDollar
12138600x
€120022
Basis Dollar price charts
BSD exchanges
Basis Dollar, the crypto
Basis Dollar (BSD) is a crypto project that aims to create a stablecoin with an algorithmic monetary policy, similar to Basis Cash (BAC) and its successors. The goal is to provide a stable cryptocurrency that can be used for everyday transactions and store of value, regardless of the market conditions.
The point
The main point of Basis Dollar (BSD) is to create a stablecoin that is resilient to market volatility and inflation. Unlike other stablecoins that are pegged to an external asset or currency, Basis Dollar (BSD) uses an algorithmic mechanism to adjust its supply and demand to keep the token's value stable. This way, BSD can maintain its value, regardless of the market trends.
The problem
Basis Dollar (BSD) tries to solve the problem of volatility in the cryptocurrency market. Stablecoins are a way to tackle this issue by providing a cryptocurrency alternative that maintains a stable value. However, most stablecoins are not fully decentralized and rely on external assets or currencies to maintain their value. Basis Dollar (BSD) aims to provide a decentralized stablecoin that can maintain its stability in any market conditions without external factors.
Compare BSD and BTC performance
Timeframe | BSD | BTC |
---|---|---|
1h change | 0 % | 0.0803122 % |
24h change | 0 % | 2.73864 % |
7 day change | 0 % | 8.9486 % |
14 day change | 0 % | 1.0014 % |
30 day change | 0 % | 25.4427 % |
200 day change | 57.07 % | 172.675 % |
Year change | -29.07 % | 160.362 % |