Based Share Token
$BASED token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain BASED's peg to 1 USDbC - $USDbC- token in the long run.
Note that $BASED actively pegs via the algorithm, it does not mean it will be valued at 1 USDbC all times as it is not collateralized.
BASED Shares (BSHARE) are one of the ways to measure the value of the Based Money Finance Protocol and shareholder trust in its ability to maintain $BASED close to peg. During epoch expansions the protocol mints $BASED and distributes it proportionally to all BSHARE holders who have staked their tokens in the boardroom.
BSHARE has a maximum total supply of 50,000 tokens distributed as follows:
1.
Team Allocation: 5000 $BSHARE vested linearly over 365
2.
Initial Supply: 10 $BSHARE tokens added to LP
3.
Incentives: 44,990 $BSHARE are allocated for incentivizing Protocol Liquidity Providers over
After the initial Genesis Pools phase, Based Money will emit BSHARE as Liquidity Provider Incentives. These farms will have emissions for 365 days
Information and new pools will be updated in the future.
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