Dear BW User:
BAC(Basis Cash),BAS(Basis Share),DAI(Dai Stablecoin) will be launched at 10:00 on December 30 （UTC+8）
Open trading: 2020.12.30 10:00 (UTC+8)
Open trading pair：BAC/USDT, BAS/USDT, DAI/USDT
Introduction to BAC
There are two kinds of token in basis cash. One is basis cash, a stable currency, which is designed to be pegged to the US dollar at a ratio of 1:1; the other is basis share, a token of ownership, which gains the reward of inflation from basis cash and gains value in the increased adoption of basis cash.
Related links:
Official website: https://basis.cash/
Block query address: https://cn.etherscan.com/token/0x3449fc1cd036255ba1eb19d65ff4ba2b8903a69a
Introduction to BAS
The basis cash is based on the stable currency basis (formerly known as basecoin). Basis raised US $133 million by issuing ICO. After the intervention of US securities regulators, the project team returned all the funds at the end of 2018. Basis cash (BAC) is pegged to the US dollar at a ratio of 1:1. The price of base cash is managed by two other encryption assets: base bonds and base shares. The current total amount of 1 million bas will be allocated to the uniswap V2 pool (750000 for the former pool and 250000 for the latter pool)
Related links:
Official website: https://basis.cash/
Block query address: https://cn.etherscan.com/token/0xa7ed29b253d8b4e3109ce07c80fc570f81b63696
DAI introduction
Dai is the largest decentralized stable currency in Ethereum, developed and managed by makerdao, and is the infrastructure of decentralized Finance (defi). Dai is issued by the full mortgage guarantee of the assets on the chain, anchored at 1:1 with USD, 1dai = USD 1. Individuals and enterprises can exchange Dai or mortgage Dai to obtain hedging assets and liquidity. Dai has been applied in mortgage loan, margin trading, international transfer, supply chain finance, etc.
Maker protocol, also known as multi mortgage Dai (MCD) system, allows users to generate Dai by using mortgage assets approved by "maker governance". Maker governance is a process of community organization and operation, which is used to manage all aspects of maker protocol. Dai is a decentralized, unbiased, mortgage-backed cryptocurrency linked to the US dollar. Dai's low volatility can resist hyperinflation and provide economic freedom and opportunities for anyone anywhere.
Related links:
Official website: http://www.makerdao.com/
White paper: https://makerdao.com/whitepaper/DaiDec17WP.pdf
Block query address: https://cn.etherscan.com/token/0x6b175474e89094c44da98b954eedeac495271d0f
[risk tips]
Digital asset trading is a high-risk trading method, which may lead to partial or total losses. Users are requested to participate carefully, and carefully consider the experience of trading digital assets and the degree of risk tolerance before deciding on trading. The contents of this announcement and other information on the (BW) platform do not constitute investment suggestions, and the platform will not bear any direct or indirect losses arising from relying on such information. BW platform does not undertake the responsibility of guarantee, compensation and so on.
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