| General information | |
|---|---|
| Global rank: | 4982 |
| Name: |
BaseTools |
| Symbol: | BASE |
| Current coin price (ETB): | 0.141 Br |
| Last hour: | arrow_downward-1.83 % |
| Last 24 hours: | arrow_upward21.41 % |
| Last 7 days: | -87.82 %trending_down |
| Capitalisation (ETB): | 0.000000 Br |
| Volume 24h (ETB): | 480 120.07 Br |
| Available supply: | 0.000000 BASE |
| Total coin supply: | -1 BASE |
| Start date: | 2020-12-01 |
BaseTools/Ethiopian Birr (BASE/ETB) price chart
BaseTools/Ethiopian Birr (BASE/ETB) capitalisation and volume charts
BASE aims to function as a synthetic asset which represents speculation on the total market cap of all cryptocurrencies (cmc). This is made possible through an elastic supply characteristic and programmatic rebasing protocol which incentivize market actors to drive BASE price to its target (peg) price.
Early on, qualitative factors like new adoption and speculation may disrupt that peg. But as the network grows, the peg stabilizes. In its early stages, BASE is a speculative asset that seeks to peg to cmc. In its final state, BASE is a synthetic asset that is stably pegged to cmc.