Basis

📍 Hoboken, United States🗓 Founded 2017👥 3 employees💰 Last funded Apr 2018
Technology, Information and Internet🌐 basis.io
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Did you notice that nobody is using cryptocurrencies to actually buy things, in spite of major benefits like privacy, security, low cost, and international reach? Rather, all of the transactions are speculative in nature, with traders simply betting on ups and downs, with almost no use as a medium of exchange. Why is that? Well, we believe the main blocker to mainstream adoption of cryptocurrencies as a medium of exchange lies in their price volatility. For example, its very hard to denominate prices in Bitcoin because the purchasing power fluctuates massively on a day to day basis. Much worse, its impossible to have rich credit and debt markets if the underlying currency is volatile. To see this, just consider issuing a Bitcoin loan-- if the price drops significantly at any point before the end of the loans term, the lender is left holding a significantly devalued stream of payments. So we see lack of price stability a complete nonstarter for mainstream adoption of cryptocurrencies. Thats why we created Basis, a new cryptocurrency that has all the benefits of traditional cryptocurrencies, including privacy, anonymity, decentralization, etc.. but with a monetary policy built into the blockchain that keeps the price of each token pegged to a stable asset (USD in the short run, basket of goods in the long run). In that sense, it is the worlds first "algorithmic central bank,"​ operating without need for human discretion. To learn more, visit our website below.
3
Total investors
3
Early stage
0
Mid stage
0
Late stage
2017
Founded

Investors

3 investors
All
Early stage
Mid stage
Late stage
Investor geography2 countries
United States
2
Singapore
1
Investor activity2017–2018 · investors recorded per year
2017120182
Recent (last 2y)Earlier
Frequently asked questions
Who invested in Basis?
Basis has 3 investors on record on gritt.io, including 3 early-stage backers.
When did Basis last raise funding?
The most recent investment in Basis recorded on gritt.io was in April 2018.
When was Basis founded?
Basis was founded in 2017.
What industry is Basis in?
Basis operates in Technology, Information and Internet. Find similar Technology, Information and Internet investors on gritt.io.
Where is Basis based?
Basis is headquartered in Hoboken, United States.