What is BasisX?

BasisX is an algorithmic stablecoin project built on the Huobi ecological chain.When the price of BXC is higher than US$1.05, the contract minted BXC and allocated to BXS pledge users; when the price of BXC is lower than US$0.95, users can purchase BXB at a discounted price, and when the price of BXC returns to US$1.05, the ratio will be 1:1 Buy BXC and get benefits.‌

BasisX is an upgraded version of Basis Protocol, which has been optimized in several aspects:‌

1) The upper limit of the inflation rate, by setting the maximum expansion rate, the token…


Judging from the outbreak of DEFI last year, it indicates that the digital financial ecosystem is developing in a more and more perfect direction. Also, because of the money-making effect and immeasurable number of users brought about by the emergence of the DEFI ecosystem, many exchanges have deployed public chains. , Including the head exchange Huobi. Huobi Ecochain is a decentralized, high-efficiency and energy-saving public chain. It is also the first product launched by the Huobi Open Platform to be combined with DEFI. It is called “DEFI 2.0” by the industry. Soon after it was launched, there were many outstanding…


In order to make the operation more convenient for most users, the team decided to replace HUSD-BXC with USDT-BXC. Users can save HUSD exchange fees.


BasisX algorithmic stablecoin tokens are divided into three types: BXC, BXS, and BXB. BasisX has 50,000 BXC mined at an early stage and supports mining with multiple tokens including HUSD,HT,HBTC,HDOT,HETH. In BasisX, users can not only obtain revenue through staking BXS and BXC to provide liquidity, but also through the allocation revenues that BXS holders will receive.

How the BasisX mechanism works

The BasisX protocol consists of three tokens: BXC, BXS, and BXB. BXC and BXS can be obtained by liquidity mining, where BXC is pegged to USD and value fixed at 1 USD, BXS holders participating in the board staking can gain premium income…

BasisX

Fairly distributed & censorship resistant stablecoin with an algorithmic central bank https://basisx.io

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