Basis Gold

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.

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Basis Gold

Basis Gold

Anon-custodial algorithm stable coin powered by Heco Chain!