BASIS Utility Token
Summary
BASIS is the platform token. Most of every trading fee buys BASIS on the open market. Most of what is bought is burned, and the rest goes to BASIS stakers.
Important distinction: BASIS is the platform token. STASIS is the platform's main Stable+ token and the base pair for factory tokens (paired with USDB during testing, USDG at launch). Different roles.
Key Points
- Fixed supply, shrinking over time: 1,000,000,000 BASIS, minted once. The buyback burns 40c to 50c of every $1 of base fee collected.
- Launch price $0.020, a $20M valuation, with an angel round and three presale rounds all priced below it.
- Activity-based airdrop: 11% of supply, earned through platform use in three phases (1% testing, 2% community, 8% trading).
- Founders' 10% is staked on 365-day notice and releases only gradually once notice is given.
- BASIS staking rewards come from the buyback and from an 8% staking-rewards allocation, paid out by weight on the notice ladder.
Token Supply
Total supply: 1,000,000,000 BASIS. Launch price $0.020 ($20M valuation).
| Allocation | % | Tokens |
|---|---|---|
| Launch liquidity | 12% | 120M |
| Angel round | 5% | 50M |
| Presale (three rounds) | 28% | 280M |
| Community airdrop (3 phases) | 11% | 110M |
| Staking rewards | 8% | 80M |
| Marketing / Operations | 8% | 80M |
| Strategic treasury | 8% | 80M |
| Market making / Exchange listings | 6% | 60M |
| Live streaming | 2% | 20M |
| Foundation grants | 2% | 20M |
| Founders | 10% | 100M |
See Token Distribution for the full breakdown and Presale Rounds & Vesting for the rounds.
Where the Fees Go
From the Robinhood Chain launch, every trade and prediction pays a base fee of 0.60% (0.54% with a referrer). Each $1 of base fee splits as follows:
| Destination | No referrer | One referrer | Two levels |
|---|---|---|---|
| BASIS buyback | 80c | 65c | 60c |
| Referrers (paid in cash) | 0 | 15c | 15c + 5c |
| Vault (stakers of the token's base) | 10c | 10c | 10c |
| Operating team | 10c | 10c | 10c |
What the buyback does. It buys BASIS on the open market. Of every $1 of base fee, 40c to 50c of BASIS is burned, 12.5c to 22.5c goes to BASIS stakers, and 7.5c is locked for the team. Referral money nobody claims is split half burned, half to BASIS stakers.
Creators can add their own fee of 0 to 1% on top, paid straight to them. Each $1 of loan-side fees goes 60c to the buyback, 20c to the token's creator, 10c to the vault and 10c to the operating team. The base fee is capped at 2% in the contract.
During testing on BNB Chain the dapp charges the earlier rates; the schedule above applies from the Robinhood Chain launch.
The STASIS Vault
The STASIS vault is a separate system from BASIS staking. It holds STASIS deposits and receives the vault share (10c of every $1 of base fee) on tokens that trade against STASIS. Vault positions can be used as loan collateral at 100% of their value, with no liquidation on price.
BASIS Staking
After TGE, BASIS holders place tokens on the notice ladder (Open 1x up to Annual 5x). BASIS staking rewards are paid in BASIS, by weight. No APY is projected here, because it depends on volume nobody can honestly forecast. See Staking Tier Structure.