The iBasis project is an upgraded version of BAS, perfecting the mechanism of BAS

iBasis
2 min readJan 12, 2021

As an upgraded version of BAS, the iBasis project improves the BAS mechanism, as follows:

1. The project adds IBM currency. The total amount of IBM is only 20,000. The acquisition status is obtained through iBAS, iBAC pledge, iBAS and BIM spiral algorithm, IBM initially priced at US$1,000 each, increasing the price by 10% every day, and the duration is 1 month At time, users can only buy IBM, pledge IBM, and BIM liquidity, but cannot sell BIM. The iBasis project will open up Uniswap developed by itself. Mining initially provided 2000 IBM mining, 10 days to increase to 4000, 20 days 8000 IBM, 30 days 12000 IBM, provide 6000 IBM in the iBAS_IBM_LP pool, mining time is a linear graph method. iBAC and iBAB conduct algorithmic dollar checks and balances, and iBAS and IBM conduct mutual spiral growth in value.

2. iBasis provides a mining commission mode.

3. Liquidity upgrade, iBAS=BAS can be exchanged at 1:1

4. At the beginning of February, the second round of mining of the first ore 2.0 was started, supporting BNB, HT, iBAS, OK, etc., to improve the mining mechanism of the entire iBAS.

5. The iBasis project will open the iBAS recycling and destruction mechanism from time to time to meet the value and amount of iBAS and BAS.

6. In early March, multi-chain operation was started to meet the requirements of multi-chain operation and support not only Ethereum’s high gas operation.

7. Started from the end of March to April, with multiple types of support products launched, based on algorithmic stablecoins. At the same time, algorithm ETH, algorithm BTC and other peer products are gradually peered.

8. iBAC 200,000, 4, 4, 6, and 60,000 from the first week to the fourth week. The team is 20,000, the mining commission is 6,000, and the airdrop is 20,000 to the community

9. 1 million iBAS, four mining pools allocated 10, 10, 300, 300,000, 200,000 teams, 100,000 pools 25817 iBAS in the first month, 300,000 pools 77453 iBAS in the first month, and then monthly 75% decrease for a total of one year. Mining rebate rewards 24,000 to the community

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