What is StaysBASE (SBS) | What is StaysBASE token | What is SBS token
Stays + BASE = StaysBASE
StaysBASE is based on the concept of Base Protocol, while taking it a step further!! While Base Protocol (BASE) is essentially a token whose price is pegged to the total market Cap of Cryptocurrencies; StaysBASE takes the concept further by bringing the The World Stock Market and Gold Market into the picture. StaysBASE is pegged on the average of the Cryptocurrency Market Cap, The World Stock Market Cap and the Gold Market Cap.
How It works
StaysBASE aims at creating a token that is balanced with the average market cap of all three Markets overtime. Traders might not be well aware of specific assets in one or two of the three markets as they are all diverse with their own trends. All of them having their own set of leaders and also drastic ups and downs. So, StaysBASE is also aimed at helping you take advantage of these changes or safeguard yourself against more losses.
Crypto Market Cap
As of today, at the end of 2020, the Crypto Market Cap stands just a little shy of $644 Billion. This huge market is often looked at by outside investors as perhaps just BitCoin. While it is the leader, the same market has various other Great coins like Ethereum, Ripple, LiteCoin, Binance and more. And they do not always individually reflect the entire market’s direction either. For Example - BitCoin might be on the fall on a certain day even though it is the market leader, however the market total is still on the upside.
Gold Market Cap
Crypto and Gold Experts continue to debate about whether it will be another 8, 9 or 10 years before the “Flippening” happens; As the Crypto Market cap overtakes Gold Market cap. However, currently it stands comfortably above $8 Trillion. Jumping almost by a Trillion Dollars as compared to last year. While the physical limitations of Gold continue to exist, the market is still a Long Time standing market which StaysBASE wants to utilize in pegging itself.
Stock Market Cap
According to a leading German Bank’s calculations the world’s stock market added more than $17 Trillion in total value in the year 2019. And thus at the end of 2020, surpassed $85 Trillion, on its way to the $90 Trillion mark. Even though the world was hit by Covid, the market had a Banner year, that could be credited in part to easier monetary policy and political developments around the globe. However even the Biggest and oldest of names like AT&T are not safe from the falls of an unpredictable market, falling as low as $26.77 after starting the year just shy of $40.
About Project
The StaysBASE Protocol acts as a one-stop trading instrument which allows holders to speculate on the entire crypto industry, World Stock market and Gold Market simultaneously, rather than just one token or a select portfolio of multiple. StaysBASE is supposed to be a more holistic reflection of all the three markets.
Now this could be for various purposes for different individuals. It could be a good entry point for someone who isn’t sure about which assets to invest individually on, and hence bets on the entire market. But since it is aimed at being a stable pegged token, it can be used by crypto and other traders for hedging & diversifying their funds, which is a major Usecase too. So to name a few of its basic Use Cases -
- Borrowable Asset
- Price Basis
- Safe Haven
Tokenomics
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