Basis Cash (BAC) Report

Basis Cash's Positioning and Significance

Basis Cash (BAC) is a dual-token stablecoin protocol that operates within the DeFi ecosystem. It features two distinct tokens designed to work together: Basis Cash, a stablecoin pegged 1:1 to the US Dollar, and Basis Share, an ownership token that captures value from the protocol's growth.

As of January 2026, Basis Cash maintains a market capitalization of approximately $91,195 USD with a circulating supply of 54,575,249.83 BAC tokens. The protocol has established itself with 3,042 token holders and maintains trading activity on Gate.com, serving as a foundational asset in the algorithmic stablecoin space.

This report provides a comprehensive analysis of Basis Cash's technical architecture, market performance, and operational mechanisms.

Origin and Development History

Background and Launch

Basis Cash emerged as an innovative solution to address the challenges of creating a decentralized stablecoin mechanism. Launched with an initial price of $1 USD, the project was published on November 30, 2020. The protocol was designed to leverage incentive mechanisms and community participation to maintain stablecoin stability without requiring overcollateralization or centralized control.

The project's dual-token model represents a significant innovation in stablecoin design, combining a stable unit (Basis Cash) with an equity-like component (Basis Share) to distribute protocol value among participants.

Notable Milestones

• November 2020: Basis Cash protocol launches on Ethereum mainnet, introducing the dual-token stablecoin mechanism.
• Peak Performance: Reached an all-time high of $1,010.99 per token on November 30, 2020, reflecting strong early market enthusiasm.
• Ethereum Integration: Smart contract deployment on Ethereum (Contract Address: 0x3449FC1Cd036255BA1EB19d65fF4BA2b8903A69a) enables DeFi composability.
• Community Development: Active GitHub repository (https://github.com/Basis-Cash) demonstrates ongoing development and transparency.

Under community governance and support, Basis Cash continues to refine its protocol mechanics and maintain its position in the algorithmic stablecoin landscape.

How Basis Cash Works?

Decentralized Architecture

Basis Cash operates on the Ethereum blockchain, leveraging a network of distributed nodes to validate transactions and maintain protocol integrity. This decentralized structure eliminates reliance on traditional financial intermediaries, granting users complete control over their assets while ensuring network resilience and censorship resistance.

Blockchain Foundation

Basis Cash functions as a smart contract protocol built on Ethereum's established blockchain infrastructure. The protocol records all transactions on an immutable, transparent ledger that any participant can verify. Smart contracts automatically execute the protocol's core functions, including minting, burning, and reward distribution, ensuring deterministic behavior without requiring manual intervention.

Dual-Token Incentive Mechanism

Basis Cash employs a sophisticated two-token system to maintain stability and align incentives:

• Basis Cash (BAC): The stablecoin component designed to maintain a 1:1 peg with the US Dollar, facilitating predictable value storage and exchange.
• Basis Share (BAS): An ownership token that captures protocol value through inflation rewards from Basis Cash. Participants who hold Basis Share benefit from the protocol's growth and increased adoption.

This mechanism ensures that during periods of price expansion, new BAC tokens are minted and distributed as rewards to BAS holders, creating a dynamic system where stakeholders directly benefit from the stablecoin's success and adoption.

Transaction Security

Basis Cash leverages Ethereum's robust cryptographic infrastructure to secure transactions:

• Private Keys: Enable users to sign transactions and prove ownership of their assets.
• Public Keys: Allow recipients to receive funds and the network to verify transaction legitimacy.
• Smart Contract Verification: Automated protocol rules ensure only valid transactions are processed.

This cryptographic foundation guarantees that funds remain secure and transactions remain pseudonymous, with all activity permanently recorded on the Ethereum blockchain for transparency and auditability.

Market Performance Analysis

Current Market Metrics (as of January 4, 2026)

Price Trends

Historical Price Performance

• All-Time High: $1,010.99 (November 30, 2020)
• All-Time Low: $0.00130316 (October 27, 2024)
• 24-Hour High: $0.00174
• 24-Hour Low: $0.001627
• Launch Price: $1.00 USD

Technical Specifications

Blockchain Network

Basis Cash operates exclusively on the Ethereum network, utilizing the security and liquidity of the world's leading smart contract platform.

Smart Contract Details

• Contract Address (Ethereum): 0x3449FC1Cd036255BA1EB19d65fF4BA2b8903A69a
• Network: Ethereum Mainnet
• Verification: Etherscan

Supply Structure

• Maximum Supply: Unlimited (∞)
• Circulating Supply: 54,575,249.83 BAC (99.99999968% of current total)
• Total Supply: 54,575,249.83 BAC
• Supply Model: Inflationary mechanism designed to incentivize BAS holders during expansion periods

Resources and Community

Official Channels

• Website: https://basis.cash/
• Twitter: https://twitter.com/BasisCash
• GitHub Repository: https://github.com/Basis-Cash
• Contract Explorer: https://etherscan.io/token/0x3449FC1Cd036255BA1EB19d65fF4BA2b8903A69a

Trading

Basis Cash is available for trading on Gate.com, providing users with access to spot markets for BAC tokens.

Conclusion

Basis Cash represents an important experiment in algorithmic stablecoin design, introducing an innovative dual-token mechanism that attempts to achieve price stability through community incentives rather than collateral over-backing. The protocol's direct deployment on Ethereum provides access to extensive DeFi liquidity and composability.

The dramatic price movement from its $1,010.99 all-time high to current levels reflects the significant challenges inherent in maintaining stablecoin pegs through algorithmic mechanisms alone. However, the protocol continues to maintain active development, community participation, and trading activity.

Users and investors interested in Basis Cash should conduct thorough due diligence on the stablecoin's mechanism, risks associated with algorithmic stability, and current market conditions before participating.

Basis Cash Market Performance

Circulating Supply Overview

As of January 4, 2026, Basis Cash (BAC) has a circulating supply of 54,575,249.83 tokens, with a total supply of 54,575,249.83 tokens. The maximum supply is unlimited, indicating an inflationary model. BAC operates on a dual-token system where new tokens enter the market through inflation rewards distributed to Basis Share holders, creating dynamic supply-side pressure that influences price discovery and market equilibrium.

Price Volatility

Basis Cash reached its all-time high of $1,010.99 on November 30, 2020, reflecting early enthusiasm for algorithmic stablecoin mechanisms and the broader decentralized finance boom of that period. The token has since experienced a significant decline, with its all-time low of $0.00130316 recorded on October 27, 2024. These dramatic price movements reflect the inherent challenges faced by algorithmic stablecoins in maintaining peg stability and the market's evolving risk assessment of the protocol.

Current trading metrics show BAC at $0.001671 with a 24-hour price change of +1.51%. Over longer timeframes, the token demonstrates considerable weakness, declining -14.44% over the past year and -1.18% over the last 30 days. Hourly trading shows a minor pullback of -0.3%.

Check the current BAC market price on Gate.com

On-Chain Indicators

• Total Holders: 3,042 addresses (indicating limited network participation)
• 24-Hour Trading Volume: $12,029.19 (reflecting low liquidity and trading activity)
• Market Capitalization: $91,195.24 (demonstrating minimal market presence relative to major cryptocurrencies)

Basis Cash (BAC) Research Report

Basis Cash Market Overview

Basis Cash (BAC) is a dual-token algorithmic stablecoin protocol designed to maintain a 1:1 peg with the US Dollar through economic incentives rather than collateralization.

Key Market Metrics (as of January 4, 2026)

Price Performance

• 1 Hour: -0.30%
• 7 Days: +0.06%
• 30 Days: -1.18%
• 1 Year: -14.44%

Token Architecture

Basis Cash operates through a dual-token model:

1. Basis Cash (BAC) — Stablecoin

• Purpose: A stable currency mechanism designed to maintain a 1:1 peg with the US Dollar
• Function: Serves as the primary medium of exchange within the ecosystem
• Mechanism: Achieves stability through algorithmic incentives and market mechanics

2. Basis Share (BAS) — Governance & Reward Token

• Purpose: Ownership and governance token
• Rewards: Receives inflationary rewards generated by BAC expansions
• Value Capture: Gains value as Basis Cash adoption increases
• Role: Holders benefit from protocol growth and participate in ecosystem decisions

Basis Cash Ecosystem & Partnerships

Based on the available data, Basis Cash operates as an algorithmic stablecoin protocol with limited publicly disclosed partnership information at this time. The project focuses on its core mechanism of maintaining USD parity through its dual-token incentive structure.

Challenges & Considerations

Basis Cash faces several significant challenges:

• Extreme Price Volatility: Despite the stablecoin objective, BAC has experienced severe deviations from its $1 peg, dropping from an all-time high of $1,010.99 to lows below $0.002, indicating fundamental challenges in the stabilization mechanism.

• Market Confidence: The protocol's failure to maintain its USD peg suggests structural issues with the algorithmic approach to stablecoin design.

• Adoption & Liquidity: With only 3,042 token holders and limited 24-hour trading volume, the protocol struggles with network effects necessary for stable asset adoption.

• Competitive Landscape: The rise of over-collateralized and reserve-backed stablecoins has made algorithmic stablecoin models increasingly challenging to sustain.

Basis Cash Community & Social Presence

Community Metrics

• Official Website: https://basis.cash/
• Twitter Handle: @BasisCash (https://twitter.com/BasisCash)
• GitHub: https://github.com/Basis-Cash
• Contract Address (Ethereum): 0x3449FC1Cd036255BA1EB19d65fF4BA2b8903A69a

Community Sentiment

The Basis Cash community reflects ongoing discussions about algorithmic stablecoin mechanics and their viability. While early supporters championed the innovative approach to stablecoin design, current discourse centers on the protocol's challenges in maintaining its USD peg and sustainability of the economic model.

How to Acquire Basis Cash

Purchase Options

• Trading: BAC is available for trading on Gate.com and other supported exchanges
• Trading Pair: Available for spot trading on supported platforms

Security & Storage

When acquiring BAC tokens, ensure you use secure storage solutions and conduct thorough research before participating.

Key Information Sources

• Official Website: Visit Basis Cash Official Site for protocol information and updates
• Blockchain Explorer: Etherscan Token Contract for on-chain transaction data
• Social Media: Follow @BasisCash on X for community updates and announcements
• GitHub Repository: Basis Cash GitHub for technical documentation and development resources

Summary

Basis Cash represents an early experimental approach to algorithmic stablecoin design, operating through a dual-token mechanism where BAC seeks USD parity and BAS captures protocol value. While the project introduced innovative concepts to the DeFi space, it has faced substantial challenges in maintaining its stablecoin peg, reflecting broader difficulties with purely algorithmic stabilization models.

The protocol's current market position, with limited trading volume and a small holder base, reflects the market's assessment of algorithmic stablecoins relative to reserve-backed alternatives. Despite these challenges, Basis Cash remains a notable case study in cryptocurrency design and continues to operate on the Ethereum blockchain.

For investors and researchers, Basis Cash serves as an important historical reference point for understanding the evolution of stablecoin mechanisms and the technical challenges of decentralized currency design.

FAQ

What does BAC mean?

BAC is a cryptocurrency token in the Web3 ecosystem. It represents a digital asset used for transactions, governance, or utility purposes within its blockchain network. BAC holders can participate in ecosystem activities and value distribution.

How is BAC measured and calculated?

BAC measures alcohol concentration in the bloodstream using the formula: (alcohol consumed × alcohol percentage) ÷ (body weight × constant). It's typically expressed as a percentage, calculated from drink volume, alcohol content, and individual body weight to determine intoxication level.

What are the legal restrictions on BAC across different countries and regions?

BAC legal limits vary by jurisdiction. The US sets a limit of 0.08% blood alcohol content for drivers. EU countries typically range from 0.05% to 0.08%. Some regions have stricter limits of 0.02% or zero tolerance policies. Always comply with local regulations in your area.

How much BAC is considered drunk driving?

In the United States, a blood alcohol concentration (BAC) of 0.08% or higher while driving is legally defined as drunk driving across all states. This is the standard criminal threshold for DUI/DWI offenses.

How does blood alcohol concentration (BAC) affect driving ability?

BAC significantly impairs driving ability. At 0.05% BAC, accident risk doubles; at 0.08%, risk quadruples. Even one drink can affect driving performance. Never drive under the influence of alcohol.

How to quickly lower BAC level?

To lower BAC quickly, drink water between alcoholic beverages and consume food to slow alcohol absorption. Your liver metabolizes alcohol at a fixed rate; hydration and eating help but don't accelerate the process. Time is the only factor that truly reduces BAC levels.

What is the difference between BAC and breathalyzer alcohol concentration?

BAC measures alcohol in blood, while breathalyzer (BrAC) measures alcohol in breath. They correlate proportionally but measure different mediums. BAC is the legal standard for determining intoxication, while BrAC serves as a preliminary screening tool.