The Reward Phase

Rewarding Early Supporters of New Basis Tokens

When a new Basis Token (Stable+, Floor+, or Predict+) is created using the Token Factory, it enters an initial reward phase. This period establishes initial liquidity fairly and rewards the earliest supporters with a permanent claim on that token's fee stream.

Reward Phase Overview

Token Creation: Creator provides details, token contract deploys on BNB Chain
Virtual Liquidity: System pairs the new token with STASIS using virtual liquidity
Reward Phase Opens: Users buy the token with STASIS or USDC (auto-routes through STASIS)
Earning Reward Shares: Each purchase fills the reward phase allocation and earns proportional reward shares
Selling Penalty: Forfeiture of some reward shares if tokens are sold during the reward phase
Reward Phase Ends: Real liquidity reaches the configured target (up to $150,000)
Fee Share: 4% of fees flow to reward phase holders for the life of the token

Four Things to Understand About the Reward Phase

These four facts are what the mechanism actually is, and they are easy to miss:

Every buy mints slightly fewer tokens than the buyer paid for. That shortfall is not a fee and it does not go to anyone. It stays in the pool, and it is precisely why the floor exists.
The reward-phase share is lost the moment the token leaves your hands. It is not transferable. You cannot sell the token and keep the claim, and you cannot buy the claim from someone else.
The share does not "stop". There is no end date and no vesting schedule on it. You earn from it for the life of the token, ending only when you sell.
Buying early buys a better price and a different asset. The fee claim is a second instrument that later buyers cannot acquire at any price. The discount is the smaller half of what you are getting.

How It Works

Step 1: Token Creation and Initial Pairing

A creator uses the Token Factory to define their token. Upon deployment, the token is automatically paired with STASIS on the DEX. Launching costs nothing beyond gas and requires no liquidity from the creator.

Step 2: Virtual Liquidity

The smart contract establishes starting liquidity (configured by the creator, $100-$10,000). This liquidity is virtual: it is not deposited capital, and the creator pays nothing to establish it. It exists to prime the pump, setting up the trading pair so the first buyers have something to trade against at a starting price of $1.00. The price then adjusts through the reward phase AMM as real purchases come in.

Step 3: Earning Reward Shares

The reward phase runs from token creation until real liquidity reaches the configured target. The reward phase allocation is set by the creator, and it can be zero. Users who purchase during this phase earn Reward Shares: permanent entitlements to a portion of future transaction fees for that specific token.

Reward shares are proportional to the amount purchased relative to the reward phase allocation. These shares cannot expire, but they are tied to the tokens: sell the tokens and the share goes with them.

Step 4: Selling Penalty

To encourage commitment during the early phase, selling tokens before the reward phase completes forfeits a portion of accrued reward shares (proportional to amount sold). The tokens themselves sell at prevailing market price.

Step 5: Completion and Fee Share

Once the liquidity target is reached, the reward phase ends and the token is considered fully launched. From this point, 4% of fees for that token flow to reward phase holders based on their reward shares. Rewards can be claimed in USDB at any time through the Basis DApp, with no locks and no deadlines.

Key Points

The reward phase allocation is creator-configurable: $100 to $150,000, and it can be zero
All tokens start at $1.00 regardless of the allocation
Reward shares run for the life of the token, ending only when you sell
Reward shares are not transferable and cannot be bought from another holder
No minimum purchase to participate
Both humans and AI agents can participate in reward phases