What is Basis Gold (BAG) | What is Basis Gold token | What is BAG token

Basis Gold Protocol embraces an innovative mechanism which completely relys on the market, executed by algorithm on smart contracts transparently. Money supply is totally determined by the demand, hence, the entire design ensures that users are willing to hold without worrying about hyperinflation while maintaining the purchasing power at the same time.

Basis Gold is a non-custodial algorithm stable coin powered by Huobi Eco Chain. Different from other DeFi projects, Basis Gold protocol consists of 3 tokens — Basis Gold (BAG), Basis Gold Share (BAGS) and Basis Gold Bond (BAGB). Basis Gold and Basis Gold Share can be farmable by depositing certain assets. In this system, Basis Gold is the stable coin considered to be valued at $1 while Basis Gold Share holders share the inflationary money supply of Basis Gold. In order to receive newly minted Basis Gold, Basis Gold Share holders have to stake in Boardroom. Basis Gold Bond may be purchased at a certain discount to maintain the stability of Basis Gold price with the assumption of future profits upon redemption.

How does the Basis Gold mechanism work?

Expansion — When Basis Gold trades beyond $1

If the price of Basis Gold exceeds $1, bond redemptions will be triggered. If the price of Basis Gold is still traded above $1 even after bonds are redeemed, new Basis Gold will be minted resulting from the increasig demand and will be fairly distributed to Basis Gold Share holders.

For instance, the price of Basis Gold continue to be traded above $1 even after bond redemption. At this point, the contract mints new Basis Gold into existence. This newly minted token is given to the Boardroom, where users can stake Basis Gold Share and earn daily Basis Gold based on the price of Basis Gold.

Contraction — When Basis Gold trades below $1

If the price of Basis Gold is below $1, Basis Gold Bond can be purchased at a certain discount to maintain the stability of Basis Gold price with the expectation of future profits upon redemption.

Each bond guarantees the holder exactly 1 Basis Gold at some point in the future under certain circumstances. Whenever a Basis Gold Bond is redeemed for a Basis Gold, it is burned, causing a decrease in the circulating Basis Gold supply. Bond do not have interest payouts, nor do they have maturity or expiration dates. Rather, they can be redeemed on a 1:1 ratio with Basis Gold when the price is traded above $1.

Purchased bond can be redeemed on a 1:1 ratio with Basis Gold only when the oracle price of Basis Gold is above $1. This prevents bond holders from cutting their losses on redemptions and creating unnecessary increases in supply.

Token Distribution

Basis Gold Distribution

HT, HUSD and HBTC will be accepted as initial deposited assets without impermanent loss, the distribution of Basis Gold prioritizes those who deposit to contract. A total of 15,000 Basis Gold tokens are rewarded to depositors, with 3,000 tokens distributed per day. An equal amount of tokens is assigned to each pool.

Basis Gold Share Distribution

A total of 1M of Basis Gold Share will be distributed right after Basis Gold start distribution to the liquidity providers who deposit BAGS-HUSD,BAGS -HBTC, BAG-HUSD,BAG -HBTC LP tokens. 7.5% of the distribution will be kept by team for the further development of the protocol!

To be more specific:

250,000 BAGS will be equally allocated to users who deposit asset to BAGS-HUSD,BAGS -HBTC LP pools which means each pool shares 125,000 BAGs. Users are able to receive 347.222 per day for 1 year.

While 750,000 BAGS will be equally distributed to users who provide liquidity to BAG-HUSD,BAG -HBTC LP pools with 3,080 daily BAGS distribution in the first 30 days, the distribution will be decreased every 30 days by 25% since then, meaning that the inflationary distribution will decrease from 3,080 to 2,310 till Febrary 2021.

Among the distribution, 7.5% will be used for the improvement and upgrades of Basis Gold protocol as well as the marketing and operation!

Please add our communication channel to keep you up to date! Looking for more information…

WebsiteExplorerSource CodeSocial ChannelMessage BoardMessage Board 2Coinmarketcap

Would you like to earn BAG right now! ☞ CLICK HERE

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobi

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #crypto #basis gold #bag

What is GEEK

Buddha Community

What is Basis Gold (BAG) | What is Basis Gold token | What is BAG token

What is Basis Gold (BAG) | What is Basis Gold token | What is BAG token

Basis Gold Protocol embraces an innovative mechanism which completely relys on the market, executed by algorithm on smart contracts transparently. Money supply is totally determined by the demand, hence, the entire design ensures that users are willing to hold without worrying about hyperinflation while maintaining the purchasing power at the same time.

Basis Gold is a non-custodial algorithm stable coin powered by Huobi Eco Chain. Different from other DeFi projects, Basis Gold protocol consists of 3 tokens — Basis Gold (BAG), Basis Gold Share (BAGS) and Basis Gold Bond (BAGB). Basis Gold and Basis Gold Share can be farmable by depositing certain assets. In this system, Basis Gold is the stable coin considered to be valued at $1 while Basis Gold Share holders share the inflationary money supply of Basis Gold. In order to receive newly minted Basis Gold, Basis Gold Share holders have to stake in Boardroom. Basis Gold Bond may be purchased at a certain discount to maintain the stability of Basis Gold price with the assumption of future profits upon redemption.

How does the Basis Gold mechanism work?

Expansion — When Basis Gold trades beyond $1

If the price of Basis Gold exceeds $1, bond redemptions will be triggered. If the price of Basis Gold is still traded above $1 even after bonds are redeemed, new Basis Gold will be minted resulting from the increasig demand and will be fairly distributed to Basis Gold Share holders.

For instance, the price of Basis Gold continue to be traded above $1 even after bond redemption. At this point, the contract mints new Basis Gold into existence. This newly minted token is given to the Boardroom, where users can stake Basis Gold Share and earn daily Basis Gold based on the price of Basis Gold.

Contraction — When Basis Gold trades below $1

If the price of Basis Gold is below $1, Basis Gold Bond can be purchased at a certain discount to maintain the stability of Basis Gold price with the expectation of future profits upon redemption.

Each bond guarantees the holder exactly 1 Basis Gold at some point in the future under certain circumstances. Whenever a Basis Gold Bond is redeemed for a Basis Gold, it is burned, causing a decrease in the circulating Basis Gold supply. Bond do not have interest payouts, nor do they have maturity or expiration dates. Rather, they can be redeemed on a 1:1 ratio with Basis Gold when the price is traded above $1.

Purchased bond can be redeemed on a 1:1 ratio with Basis Gold only when the oracle price of Basis Gold is above $1. This prevents bond holders from cutting their losses on redemptions and creating unnecessary increases in supply.

Token Distribution

Basis Gold Distribution

HT, HUSD and HBTC will be accepted as initial deposited assets without impermanent loss, the distribution of Basis Gold prioritizes those who deposit to contract. A total of 15,000 Basis Gold tokens are rewarded to depositors, with 3,000 tokens distributed per day. An equal amount of tokens is assigned to each pool.

Basis Gold Share Distribution

A total of 1M of Basis Gold Share will be distributed right after Basis Gold start distribution to the liquidity providers who deposit BAGS-HUSD,BAGS -HBTC, BAG-HUSD,BAG -HBTC LP tokens. 7.5% of the distribution will be kept by team for the further development of the protocol!

To be more specific:

250,000 BAGS will be equally allocated to users who deposit asset to BAGS-HUSD,BAGS -HBTC LP pools which means each pool shares 125,000 BAGs. Users are able to receive 347.222 per day for 1 year.

While 750,000 BAGS will be equally distributed to users who provide liquidity to BAG-HUSD,BAG -HBTC LP pools with 3,080 daily BAGS distribution in the first 30 days, the distribution will be decreased every 30 days by 25% since then, meaning that the inflationary distribution will decrease from 3,080 to 2,310 till Febrary 2021.

Among the distribution, 7.5% will be used for the improvement and upgrades of Basis Gold protocol as well as the marketing and operation!

Please add our communication channel to keep you up to date! Looking for more information…

WebsiteExplorerSource CodeSocial ChannelMessage BoardMessage Board 2Coinmarketcap

Would you like to earn BAG right now! ☞ CLICK HERE

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobi

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #crypto #basis gold #bag

What is Basis Gold Share (BAGS) | What is BAGS token

Basis Gold Protocol embraces an innovative mechanism which completely relys on the market, executed by algorithm on smart contracts transparently. Money supply is totally determined by the demand, hence, the entire design ensures that users are willing to hold without worrying about hyperinflation while maintaining the purchasing power at the same time.

Basis Gold is a non-custodial algorithm stable coin powered by Huobi Eco Chain. Different from other DeFi projects, Basis Gold protocol consists of 3 tokens — Basis Gold (BAG), Basis Gold Share (BAGS) and Basis Gold Bond (BAGB). Basis Gold and Basis Gold Share can be farmable by depositing certain assets. In this system, Basis Gold is the stable coin considered to be valued at $1 while Basis Gold Share holders share the inflationary money supply of Basis Gold. In order to receive newly minted Basis Gold, Basis Gold Share holders have to stake in Boardroom. Basis Gold Bond may be purchased at a certain discount to maintain the stability of Basis Gold price with the assumption of future profits upon redemption.

How does the Basis Gold mechanism work?

Expansion — When Basis Gold trades beyond $1

If the price of Basis Gold exceeds $1, bond redemptions will be triggered. If the price of Basis Gold is still traded above $1 even after bonds are redeemed, new Basis Gold will be minted resulting from the increasig demand and will be fairly distributed to Basis Gold Share holders.

For instance, the price of Basis Gold continue to be traded above $1 even after bond redemption. At this point, the contract mints new Basis Gold into existence. This newly minted token is given to the Boardroom, where users can stake Basis Gold Share and earn daily Basis Gold based on the price of Basis Gold.

Contraction — When Basis Gold trades below $1

If the price of Basis Gold is below $1, Basis Gold Bond can be purchased at a certain discount to maintain the stability of Basis Gold price with the expectation of future profits upon redemption.

Each bond guarantees the holder exactly 1 Basis Gold at some point in the future under certain circumstances. Whenever a Basis Gold Bond is redeemed for a Basis Gold, it is burned, causing a decrease in the circulating Basis Gold supply. Bond do not have interest payouts, nor do they have maturity or expiration dates. Rather, they can be redeemed on a 1:1 ratio with Basis Gold when the price is traded above $1.

Purchased bond can be redeemed on a 1:1 ratio with Basis Gold only when the oracle price of Basis Gold is above $1. This prevents bond holders from cutting their losses on redemptions and creating unnecessary increases in supply.

Token Distribution

Basis Gold Distribution

HT, HUSD and HBTC will be accepted as initial deposited assets without impermanent loss, the distribution of Basis Gold prioritizes those who deposit to contract. A total of 15,000 Basis Gold tokens are rewarded to depositors, with 3,000 tokens distributed per day. An equal amount of tokens is assigned to each pool.

Basis Gold Share Distribution

A total of 1M of Basis Gold Share will be distributed right after Basis Gold start distribution to the liquidity providers who deposit BAGS-HUSD,BAGS -HBTC, BAG-HUSD,BAG -HBTC LP tokens. 7.5% of the distribution will be kept by team for the further development of the protocol!

To be more specific:

250,000 BAGS will be equally allocated to users who deposit asset to BAGS-HUSD,BAGS -HBTC LP pools which means each pool shares 125,000 BAGs. Users are able to receive 347.222 per day for 1 year.

While 750,000 BAGS will be equally distributed to users who provide liquidity to BAG-HUSD,BAG -HBTC LP pools with 3,080 daily BAGS distribution in the first 30 days, the distribution will be decreased every 30 days by 25% since then, meaning that the inflationary distribution will decrease from 3,080 to 2,310 till Febrary 2021.

Among the distribution, 7.5% will be used for the improvement and upgrades of Basis Gold protocol as well as the marketing and operation!

Token Allocation

  • Team: 0
  • BAGS-HUSD LP LP pool: 12.5%
  • BAGS-HBTC LP pool: 12.5%
  • BAG-HUSD LP pool: 37.5%
  • BAG-HBTC LP pool: 37.5%
  • Private Sale: 0

Token Information and Release Schedule

  • Total supply: 1,000,000 (Updated on 2021/01/13)
  • Current circulating supply: 43,865 (Updated on 2021/01/13)
  • Release Rules

BAG Inflationary Rewards Distribution

It’s the time to deposit BAGS on Boardroom to earn BAG inflationary rewards!!! Do you get ready for this? To dive into details, please check the info below:

  1. Users can access to Boardroom on 11th Jan 2021 11:00 (SGT) by depositing BAGS to earn BAG inflationary rewards, meanwhile, rebase would happen on 12th Jan 2021 11:00 (SGT);
  2. Positive rebase will be triggered when previous day ’s TWAP is > $1.05, Inflation amount: BAG total supply * (TWAP-1) BAG total supply: BAG circulating supply — accumulated Seigniorage;
  3. 2% inflationary rewards will be used to project development while other 98% BAG will be distributed to users after the deduction of current supply;
  4. Inflationary rewards will be allocated to depositors proportionally according to the deposited amount of BAGS.

Would you like to earn BAGS right now! ☞ CLICK HERE

Please add our communication channel to keep you up to date! Looking for more information…

☞ Official website: https://basisgold.cc/#/
☞ White paper: https://pdf.maitube.com/pdf/?e=agJiH969D6BBIa
☞ Telegram: https://t.me/BasisGold
☞ Twitter: https://twitter.com/basis_gold
☞ Medium: https://medium.com/@basisgold
☞ Source Code: https://github.com/basisgold/basisgold-protocol

Create an Account and Trade Cryptocurrency NOW

BinanceBittrexPoloniexBitfinexHuobi

Thank you for reading!

#blockchain #bitcoin #crypto #basis gold share #bags

aaron silva

aaron silva

1622197808

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

Read More @ https://bit.ly/3oFbJoJ

#create a defi token like safemoon #defi token like safemoon #safemoon token #safemoon token clone #defi token

Bharat Patel

Bharat Patel

1626247784

FIBC/Jumbo Bags manufacturer & suppliers in India - Alpine FIBC Pvt Ltd

Bulk bags are a popular packaging solution for large quantities of products such as aggregates and waste. They have many names including, ton bags, garbage bags, FIBC, builders bags
The range of sizes and specifications of bulk bags is wide and each type will suit a different use. Specifications can also be quite detailed and technical, which can sometimes make it difficult to determine what type will be needed for the required use.
When deciding on the correct type of FIBC, the following points should be considered;

  • Physical or chemical properties of the product intended to ent****er the bulk bag, such as:
    • Required volume
    • Weight of the product to contain
    • Bulk Density
    • Characteristics of the content flow
    • Degree of aeration.
    • Particle shape and size
    • filling temperature
    • If food grade is required
  • FIBC filling, handling, transport, storage and emptying methods.
    See below for a complete summary of the terms of this popular packaging solution and their meaning. This will help make informed decisions about the type of bag needed.
    Terminology information
    IBC class = Single trip, reusable standard service or reusable heavy duty.
    Safe Working Load (SWL) = This is the capacity of the bag and is related to the maximum weight or volume of the product that the bulk bag can safely hold. Usually it will be displayed in kilograms and ranges from 250kg to 2000kg.
    Size = This will generally be displayed in external dimensions and in centimeters.
    Factor of Safety = Standard ton bags will have a factor of safety of 5: 1, which means a 1000kg capacity bag will not break, tear, or rip weighing less than 5000kg. A factor of safety of 6: 1 is a bulk bag made of thicker woven polypropylene fabric and tested to a higher standard, and is generally a heavy-duty or multi-ride FIBC.
    Filling and unloading functions
    Flat Base - This is a standard flat base on the bottom of the bulk bag that gives it a cube shape. All standard construction bags will come with a smooth base.
    Lifting Loops - Strong loops are sewn into each corner of the bag allowing a forklift to lift and handle it. All FIBCs will come with 4 lift loops.
    Fill Inlet: There are two types of fill inlets. They are;
    Filling nozzle: a long tube that allows contents to flow easily into the bag
    Skirt Top - Additional fabric on the top of the bag that can be secured around the filling device to prevent any loss of content, ensuring that all content flows easily to the IBC.
    Baffles = Additional inner baffles are inserted into the corners of the bulk bag. This can help stabilize the bag and make it stiffer and is used specifically for unstable or fluid products.
    Discharge nozzle = A tube made of woven polypropylene fabric is sewn into the bottom of the bulk bag. This provides easier flow of the content out of the bag when it is held on a hopper and the content is unloaded.
    Food grade = Food grade manufacturing relates to the conditions under which the FIBC has been manufactured and stored prior to delivery to the customer. These conditions are based on strict standards that allow the bag to be suitable for use in food. Food grade bulk bags generally come with an internal polyethylene lamination.
    There are two main types of food grade conditions;
    Clean room = Manufacturing / storage facilities are free of loose threads, dirt and dust. Usually best suited for poultry seeds and feed
    BRC Compliant Food Grade Bulk Bags = Manufactured and stored in strict BRC compliant conditions. This ensures that food grade fiber is suitable for packaging food ingredients without risk of contamination.
    Linings: An internal polyethylene liner provides additional protection for the interior content. Liner can be:
    • Loosely inserted or flanged
    • Handcuffed, where the lining is inserted and the top section is rolled over the top of the bag to make it more secure.
    • With tabs, the lining is sewn in place at the corners to ensure stability inside the bag.

#bulk bags #fibc bags #big bags #jumbo bags #food grade bulk bags

aaron silva

aaron silva

1621844791

SafeMoon Clone | SafeMoon Token Clone | SafeMoon Token Clone Development

The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.

The SafeMoon tokens execute efficient functionalities like RFI Static Rewards, Automated Liquidity Provisions, and Automatic Token Burns. The SafeMoon token is considered the most advanced stable coin in the crypto market. It gained global audience attention for managing the stability of asset value without any fluctuations in the marketplace. The SafeMoon token clone is completely decentralized that eliminates the need for intermediaries and benefits the users with less transaction fee and wait time to overtake the traditional banking process.

Reasons to invest in SafeMoon Token Clone :

  • The SafeMoon token clone benefits the investors with Automated Liquidity Pool as a unique feature since it adds more revenue for their business growth in less time. The traders can experience instant trade round the clock for reaping profits with less investment towards the SafeMoon token.
  • It is integrated with high-end security protocols like two-factor authentication and signature process to prevent various hacks and vulnerable activities. The Smart Contract system in SafeMoon token development manages the overall operation of transactions without any delay,
  • The users can obtain a reward amount based on the volume of SafeMoon tokens traded in the marketplace. The efficient trading mechanism allows the users to trade the SafeMoon tokens at the best price for farming. The user can earn higher rewards based on the staking volume of tokens by users in the trade market.
  • It allows the token holders to gain complete ownership over their SafeMoon tokens after purchasing from DeFi exchanges. The SafeMoon community governs the token distribution, price fluctuations, staking, and every other token activity. The community boosts the value of SafeMoon tokens.
  • The Automated Burning tokens result in the community no longer having control over the SafeMoon tokens. Instead, the community can control the burn of the tokens efficiently for promoting its value in the marketplace. The transaction of SafeMoon tokens on the blockchain platform is fast, safe, and secure.

The SafeMoon Token Clone Development is a promising future for upcoming investors and startups to increase their business revenue in less time. The SafeMoon token clone has great demand in the real world among millions of users for its value in the market. Investors can contact leading Infinite Block Tech to gain proper assistance in developing a world-class SafeMoon token clone that increases the business growth in less time.

#safemoon token #safemoon token clone #safemoon token clone development #defi token