Basis

Basis is a privately held company located in Newark, New Jersey. Founded in 2018, Basis employs 8 people. Basis develops cryptocurrency solutions focused on price stability. Their flagship product, Basis, is designed to address the volatility inherent in traditional cryptocurrencies. Basis aims to provide users with the benefits of cryptocurrencies, such as privacy, anonymity, and decentralization, while mitigating price fluctuations. Basis achieves price stability through an algorithmic monetary policy built directly into its blockchain. This system pegs the price of Basis tokens to a stable asset, initially the US dollar, and eventually a basket of goods. For more information, visit Basis's website at basis.io.