Basis

Basis, founded in 2017, is a pioneering venture in the Crypto and Fintech sectors, headquartered in the United States. The company addresses significant hurdles in cryptocurrency adoption, primarily focusing on the price volatility that hinders its use as a stable medium of exchange. By introducing a cryptocurrency with an in-built monetary policy pegged to stable assets like the USD, Basis aims to forge an environment conducive to mainstream adoption.

Positioning itself as the world's first "algorithmic central bank," Basis operates without human intervention, leveraging blockchain technology to maintain price stability while retaining benefits like privacy and decentralization. It raised a notable $133.00M through an Initial Coin Offering on April 18, 2018, backed by prominent investors such as Digital Currency Group, Wing VC, and GV, among others. This substantial capital influx underscores strong investor confidence in Basis's innovative approach to stabilizing the cryptocurrency market.