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About BasketCoin

2024-06-05 106

About BasketCoin

Meticulously crafted basket of several cryptocurrencies which are utilized in numerous trusted Staking & DeFi platforms to strengthen the buy-back&burn process

It’s first deflationary token, secured with a basket of cryptocurrencies, with the possibility of staking.

BasketCoin is:
Deflationary,
With collateral – covering its value,
With the system of repurchase and burning of BSKT tokens.

A fee of 2,5% of the value of each transaction will be taken from the transfer – 1% burned out, the other 1% goes to the staking/reward redistribution pool which indeed speeds up the process of reducing supply and 0,5% is set aside for future addition to liquidity pool. Smart Contract itself assumes that a total of 90% of all BSKT will be burned -> supply will decrease from 21,000,000 to 2,100,000

The BSKT token is secured with a basket of several cryptocurrencies that cover its value. The security so adopted is intended to ensure a constant and stable increase in the value of tokens. Thanks to the correct match of coins in our basket, its value is less susceptible to fluctuations appearing in the cryptocurrency market.

The Basket contains:

  • Bitcoin (BTC) – 16 BTC,
  • Ethereum (ETH) – 255 ETH,
  • Polkadot (DOT) – 6 000 DOT,
  • Smarkey (SKEY) – 850 000 SKEY,
  • YfDAI.finance (YF-DAI) – 30 YF-DAI,
  • USD Coin (USDC) – 98100,
  • Binance Coin (BNB) – 232 BNB,
  • ccFound (FOUND) – 2 370 000 FOUND,
  • Ari10 (Ari10) – 300 000 ARI10,
  • Synapse Network (SNP) – 45 000 SNP,
  • ETHPoW (ETHW) – 300 ETHW
    Binance Launchpool:
  • Manta Network (Ari10) – 93 MANTA,
  • AltLayer (ALT) – 1 533 ALT,
  • Pixels (PIXEL) – 2 038 PIXEL
    CommunityCoinCollection:
  • Ari10 (Ari10) – 100 000 ARI10,
  • FEG (FEG) – 1 000 000 FEG

Most of listed cryptocurrencies that make up the BSKT basket will be used to generate additional profits on platforms such as:

Crypto.com (profits of 3%-12% APR),
YF-DAI (profits up to 72% APR),
Swissborg (profits up to 20% APR),
and other decentralised profit-generating platforms in DeFi format.

Revenues from these platforms will be used in the repurchase process for the redemption and burning of BSKT tokens, contributing to a significant reduction in supply on the secondary market. 45% of the above profits will be used for Buyback$Burn, 45% of the above profits will be used for ETH buys while the remaining 10% will goes to team.

 
 
 
 
 
 
 
 
 
 

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