What is ASI Finance (BASI) | What is ASI.finance token | What is BASI token
ASI stands for Artificial Super Intelligence (ASI), which is a hypothetical type of AI that doesn’t just mimic or understand human intelligence and behavior; ASI machines become self-aware and surpass the capacity of human intelligence and ability.
ASI works by applying a fee to each transaction ”fees are determined based on your ASI score”, then distributed amongst all token holders. ASI is a friction-less token, which means awards are immediately reflected in the holder’s wallet, instead of staking or waiting for fees to be delivered.
ASI ANTIBOTS:
As an ASI trader you also need to wait for 30 mins to be able to sell your full ASI token amount based on your score otherwise you’ll be charged 5% fees.
ASI Ecosystem
By joining the ASI Ecosystem you will earn rewards that will automatically increase in your wallet based on your ASI score and your ASI token amount, your score will increase if you’re holding or topping up your wallet.
How It Works?
ASI is a frictionless token, which means your rewards are immediately reflected in the holder’s wallet. You won’t have to complete a ‘lockup period’ of staking or wait for fees to be delivered. You’ll get instant access to your rewards once they start accruing into your wallet in real time.
Usecase
To empower the concept of implementing the AI and ML to the DeFi, ASI is launching it’s own decentralized exchange in April 2021.
Having asiswap.finance live means more users info and the DEX smart contracts will collect more info about the wallets due to the tokens/coins and the amount of trades and it will give more accurate ASI score to each wallet.
ASI score:
Buy ASI from uniswap and ASI will automatically give you an initial score of 1 or more, depending on the amount bought. The score is multiplied by the amount bought to give your holding share for ASI rewards distribution. There are 3 ways to adjust the ASI score:
Buy And Hold (BAH):
0.1–499 ASI Traders which means no score to be stamped in the ecosystem’s smart contracts the transaction fees will be 1.2%
- 500–4999 ASI > score 1> Trading fees 1.1%
- 5000–24999 ASI > score 1.1 > Trading fees 1%
- 25,000 to 49999 ASI > score 1.2 > Trading fees 0.9%
- 50,000 to 99,999 ASI > score 1.3 > Trading fees 0.75%
- More than 100,000 ASI > score 1.4 > Trading fees 0.5%
ASI score adjustments:
The smart contracts will adjust each holder’s score to distribute the new rewards amongst them based on the mechanism below.
- Topping up your ASI amount: you’ll receive a new score depend on the amount that you’ve added to your wallet, ex. if you’re in the 3rd category because your wallet has 48000 ASI then you bought 3000 ASI from Uniswap or any other DEX the smart contract will update your score from 1.2 to 1.3 and the trading fees will be 0.75% instead of 0.9%
Fair Launch and Tokenomics:
The ASI is launched with only 10,000,000 ASI, which is all added to liquidity at $0.001/ASI. Whoever buys ASI in the early stages will be eligible for high rewards as the early holders at the lowest prices.
- No Private sale
- No Pre-sale
- No Tokens for the team
BASI on Binance Smart Chain Launch Details
After the successful ERC20 launch the ASI developer needed to proof the concept of implementing the Artificial Intelligence and Machine Learning in DeFi.
Due to high TX fees on the Ethereum blockchain the trading volume has decreased on ASI. The trading volume is important for the Yield generation which is distributed among the holders.
BASI Tokenomics
ASI was fairly launched on ETH Blockchain Total supply was added to the Uniswap Liquidity. Tokenomics on BSC “BASI” is different Total supply is 8M and it is distributed as the following.
Tokenomics:
Symbol on BSC: BASI
Total Supply 8M
Private Sale: 500,000
Public Sale: 2.5M
Liquidity: 3M
Farming Rewards: 900,000
Developer: 700,000
Marketing: 400,000
BASI on BSC
Listing Details:
DEX: PancakeSwap
Time: Immediately post Presale sale
Listing Price: 1 BNB =1800 BASI
Total supply: 8M BASI minus The burned tokens from the pre sale “3M”
Min: 1BNB/User
MAX: 10BNB/User
Softcap: 200BNB
Hardcap: 1166BNB
DeFi tokens suffer from price manipulation and artificial inflation of transaction fees, a result of trading bots and whale activities.
Thankfully, ASI protects you from the whales and trading bots using an anti-bot mechanism created to prevent price manipulation and reward human traders based on their performance.
ASI simplifies DeFi for everyday participants and, at the same time, guarantees better rewards on your holdings.
Presale Smart contract & Instructions :
1- ASI developer has developed private & pre-sale smart contract
2- For private sale joiners make sure to fill the white listing form
3-The smart contract will detect your address if it’s whitelisted it will send you Tokens at the price of 1BNB=3000BASI “Private Sale” and if you’re not whitelisted the price will be 1BNB=2500BASI “Public Sale”
4-Private & Public sale will be live for 7 days or the hard cap reach.
5-Post liquidity initiation the remaining BASI from Private and Pre-sale will be burned.
6- If we didn’t reach the soft cap all participants will be refunded.
7-Once you send the BNB to the Private & Public sale smart contract you’ll be automatically receive your BASI tokens in your wallet.
The whitelisting form will be available for 24 hours only. Join the ‘TG Group’ and ‘Discord’ to get all updates.
ASI & BASI USE CASE:
The ASI needs a strong use case to support the concept which is why the developer will start working on launching ASI DEX.
A decentralized exchange to define each wallet’s ASI score, with fluctuating trading fees based on each wallet’s score. The use case be more influential because a DEX can collect more data about the user behavior.
The ASI DEX will start on BSC early April 2021 then on ETH Chain Mid May 2021.
Frequently Asked Questions
How is ASI different from other yield protocols?
ASI is a yield protocol, not a yield ‘farming’ protocol. This simply means, unlike yield farming, you won’t have to “work” in order to accrue rewards on your tokens. Instead, you simply buy ASI, hold the tokens in your wallet and your rewards will automagically accumulate in your wallet.
Do I need to stake or farm using LP tokens to earn ASI rewards?
No, you don’t need to stake or farm liquidity. You buy ASI and hold your tokens to earn rewards with no extra effort on your part. The rewards will be added automatically to your wallet balance.
Where do the token rewards come from?
ASI is a self-sustaining DeFi project with innovative tokenomics. The fees applied to any transaction on the ASI network are fairly distributed to token holders.
How do I know my ASI score?
Scores are different from one wallet to another. Your ASI score also depends on the amount of tokens you purchased and the length of time you’ll hold them in your wallet. You can check your actual score from the ASI Finance dashboard; it will show up once you connect your wallet.
How can I earn more token holder rewards?
As an ASI token holder, you’ll earn automatic rewards on your ASI token holdings, reflecting directly in your wallet balance. To earn more token rewards, you’ll have to reach a better ASI score. You can easily improve your score by buying and holding more tokens. Once you’ve bought ASI tokens, the smart contract will recalculate your performance. You’ll be assigned a new score depending on the amount of tokens you added to your wallet.
Is the Anti-bot mechanism a good thing?
From a trader’s perspective, yes! Trading bots — that is, malicious ones — are the bane of newly launched DeFi tokens. They work by conducting a lot of trades in short periods, thereby driving up transaction fees. They’re bad for business — token holders’ business. The anti-bot mechanism is put in place to limit trading bot activity and incentivize human holders to trade.
What is the Token contract address to add it to my wallet ?
ASI: 0x705d6cbf5352b29b4f4ee0bbe0788721f961abcd
BASI: 0x8F671544a39B2c0905BEaC1C1009389D6922305F
Would you like to earn TOKEN right now! ☞ CLICK HERE
How and Where to Buy ASI Finance (BASI)?
BASI has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BASI
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since BASI is an altcoin we need to transfer our coins to an exchange that BASI can be traded. Below is a list of exchanges that offers to trade BASI in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase BASI from the exchange: PancakeSwap
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once BASI gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Find more information BASI
☞ Website ☞ Explorer ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Coinmarketcap
🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds
Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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