basis.markets

basis.markets

BASIS
$0.00195349%7.76

Key Metrics

Price$0.00195349
Real Volume (24H)$44.72
MarketcapN/A
Fully Diluted Valuation$2,494,926
ATH$0.231297
ATH Date12/25/2021, 6:47:59 AM
ATL$0.00049266
ATL Date10/15/2022, 7:56:39 PM
Circulating SupplyN/A
Total Supply1B
WebsiteN/A
WhitepaperN/A
Popularity Rank6243
Chart
What is basis.markets?

Basis Markets is a revolutionary platform that encapsulates the future of Decentralised Finance (DeFi). At its core, the platform operates on four fundamental pillars that make it stand out in the crypto community. These pillars include the $BASIS token, Basis DAO, Basis Trade Engine (BTE), and Basis Trade Executioner (BTX).

The $BASIS token is an innovative token that provides utility in paying for fees when placing trades using the BTX platform. Holders of $BASIS tokens can also enjoy discounted fee structures, allowing them to access different tiers of trading fees. However, it's important to note that due to regulations out of the project's control, $BASIS tokens will no longer provide yield to holders. Future trades using the BTX will pay trading fees, which will be used to buy $BASIS tokens from the market.

Basis DAO is governed by a Decentralised Autonomous Organisation (DAO) of like-minded and intelligent individuals. Membership is limited to holders of the Basis NFT, which has a total supply of 5,000 NFTs, of which only 4,000 were sold to the public. The NFT provides its user with DAO voting rights and BTE access, allowing them to have a say in future developments and the power to vote on the roadmap. The NFT-onomics were designed to give governance to the community, with only 1,000 NFTs reserved for the team. This 80/20 split (4,000 public, 1,000 team) means that the community has majority control over future developments.

Basis Trade Engine (BTE) is a dashboard that helps traders spot market inefficiencies across exchanges. However, it is only accessible to NFT owners. On the other hand, Basis Trade Executioner (BTX) allows users to place delta-neutral trades through direct API connection to exchange accounts.

Financial markets have been around for centuries, and with the rise of cryptocurrency, the world of finance is being shaken up. The crypto community consists of a diverse group of people, ranging from scalpers, day traders, swing traders, brilliant minds, “gem finders”, influencers, NFT flippers, art collectors, funds, institutional treasuries, and DAOs. However, they all have one thing in common: a drive for transparency and openness, and an appreciation of community, opportunity, and innovation.

The crypto market has evolved hugely over the past few years, with over 10,000 different cryptocurrencies offered across 518 exchanges listed on CoinGecko. One of the most important changes in the past few years has been the growth in the range of perpetual futures contracts offered by exchanges. These contracts are agreements to buy or sell an asset at a predetermined price at a specified time in the future, with no expiry date, and have become increasingly popular due to their use in hedging and risk management, short exposure, and leverage.

Exchanges have also catered for derivative product restrictions in certain countries by offering spot margin trading, enabling traders to long or short any crypto asset but fund this in USD or funded by other investors lending their crypto assets.

Basis Markets has taken advantage of the opportunities presented by the growth in the crypto market and perpetual futures contracts. The $BASIS token provides utility to holders, and the Basis DAO gives governance to the community. The limited supply of Basis NFTs ensures that the ownership retains its value as the platform continues to grow.

In conclusion, Basis Markets is an innovative platform that provides its users with a unique set of opportunities in the world of finance. It is a platform that is driven by the crypto community's values of transparency, openness, community, opportunity, and innovation. With its four fundamental pillars, namely the BASIS token, Basis DAO, Basis Trade Engine, and Basis Trade Executioner, Basis Markets encapsulates the future of Decentralised Finance (DeFi). The platform offers a range of services, including the ability to spot market inefficiencies across exchanges, place delta-neutral trades through direct API connection to exchange accounts, and use $BASIS tokens for paying trading fees while using the BTX, among other benefits. The NFT-onomics model adopted by Basis Markets ensures community governance and majority control over future developments and the power to vote on the roadmap, providing a unique ownership experience for NFT holders. Overall, Basis Markets is a promising platform that holds tremendous potential for individuals and institutions alike in the world of finance.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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