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The Future of Banking for Digital Age
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BASIC in New York Consensus 2019

Greetings BASIC Community.

BASIC attended Consensus 2019 in New York, May 13 to May 15.

This was the fifth annual Consensus event, a key event in crypto conferences since the very first conference in 2015. Altogether, over 8000 attendees from 119 countries β€” and more than 1,000 corporations β€” attended the conference.
This year, blockchain experts from technology, government, finance, and regulation gathered to discuss blockchain developments and practical use cases for deploying blockchain technology.

As we enter an era when traditional finance is moving towards decentralization, BASIC’s primary mission was to discuss the hurdles and challenges of crypto finance.
BASIC’s goal to is pioneer banking standards for the future.
We held productive meetings with both traditional and emerging organizations, we’re proud to add, resulting in some new meaningful partnerships. Stay tuned for forthcoming announcements πŸ™‚

The future finance, BASIC
#Community #Introduction

πŸ“„ What is Basic?

Hello, Basic Community! πŸ™‹β€β™‚οΈπŸ™‹β€β™€οΈ

Starting from today, a series of introductory articles on Basic will be uploaded. The first post that we have is a simple introduction of the Basic platform.

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/what-is-basic-6640c3607383
#Community #CROSeries

πŸ“„ What does a financial institution do?

Hello, Basic Community! πŸ™‹β€β™‚οΈπŸ™‹β€β™€οΈ

Basic's CRO series includes various insights on finance in a traditional & blockchain perspective. In this series, we aim to share with the community the existing industry insights and how blockchain aims to create value in the existing industry. Lastly, you will be able to learn what is Basic's role in the industry.

Here is the first post, check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/cro-series-the-role-of-a-financial-institution-9cfef7dfedac
#Community #BasicOracle

πŸ“„ Introduction to Basic Oracle

Hello, Basic Community! πŸ™‹β€β™‚οΈπŸ™‹β€β™€οΈ

Basic Oracle handles the various processes related to lending & borrowing on the platform. How does Basic Oracle facilitate the platform's features?

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/2-introduction-to-basic-oracle-33cea82172de
#Community #CROSeries

πŸ“„ Financing in Traditional Finance

Hello, Basic Community! πŸ™‹β€β™‚οΈπŸ™‹β€β™€οΈ

Basic's CRO series includes various insights on finance in a traditional & blockchain perspective. In this series, we aim to share with the community the existing industry insights and how blockchain aims to create value in the existing industry. Lastly, you will be able to learn what is Basic's role in the industry.

Let's start with "Financing", what is financing and how does it happen in the existing finance industry?

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/cro-series-financing-in-traditional-finance-604ab4b0c8f3
#Community #BasicApplication

πŸ“„ Basic Application

Hello, Basic Community! πŸ™‹β€β™‚οΈπŸ™‹β€β™€οΈ

Today's post is an overview of Basic's crypto finance application. Take a sneak peak on some of the application's core features such as those related to borrowing and lending activities.

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/basic-application-2baaf6087220
#Community #CROSeries

πŸ“„ Financing in the Blockchain Industry

Hello, Basic Community! πŸ™‹β€β™‚οΈπŸ™‹β€β™€οΈ

Basic's CRO series includes various insights on finance in a traditional & blockchain perspective. In this series, we aim to share with the community the existing industry insights and how blockchain aims to create value in the existing industry. Lastly, you will be able to learn what is Basic's role in the industry.

Now from "Financing", how relevant is this for blockchain projects? While blockchain projects can use the existing methods of financing, there are some unique methods as well. Are you interested in what they are?

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/cro-series-financing-in-the-blockchain-industry-d09cd1ca8480
#Community #BCRS #Credit

πŸ“„ Basic Credit Rating System (BCRS)

Hello, Basic Community! πŸ™‹β€β™‚οΈπŸ™‹β€β™€οΈ

Today's post covers Basic's unique credit assessment method, called Basic Credit Rating System(BCRS). BCRS allows both lenders and borrowers to access each other's credit in a convenient and systematic method.

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/4-basic-credit-rating-system-bcrs-b629a26468ab
#Community #CROSeries

πŸ“„ Characteristics of Crypto Asset Products

Hello, Basic Community! πŸ™‹β€β™‚οΈπŸ™‹β€β™€οΈ

Basic's CRO series includes various insights on finance in a traditional & blockchain perspective. In this series, we aim to share with the community the existing industry insights and how blockchain aims to create value in the existing industry. Lastly, you will be able to learn what is Basic's role in the industry.

This post is a quick dive into Crypto Assets. Crypto assets, commonly represented by Bitcoin and other cryptocurrencies, are a relatively new asset class. There has been much debate into how this new type of asset can be part of the new investing era. What are its implications?

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/cro-series-characteristics-of-crypto-asset-products-3d7b8bdc2290
πŸŽ‰ BASIC Listing on Bithumb Exchange!

Ending the week with a spectacular announcement! We are extremely excited to annouce that our BASIC token will be listed on the Bithumb Exchange. Bithumb is one of the leading cryptocurrency exchanges based in South Korea.

Check out the pre-event planned by Bithumb! Listing details will be updated.

Please stay tuned for more updates about our listing on Bithumb Exchange. If you have any inquires, please contact us at admin@thebasic.io

πŸ”Ž More details here: https://cafe.bithumb.com/view/board-contents/1640669
🎁 BASIC Community Engagement Program

As a bonus to the official listing event on Bithumb, we are thrilled to announce a brand new community engagement event to share $20,000 USD worth of BASIC tokens for everyone!

Want to participate? Don’t miss out on the opportunity to earn big rewards by just following few easy and simple steps below!

First come, first served.

Learn more:
https://bitcointalk.org/index.php?topic=5236437
πŸŽ‰BASIC Pre-Listing Event Sold Out

BASIC's pre-listing event on Bithumb has successfully ended. We want to thank the community for an overwhelming support during the last two days. Here is a brief summary of the event results.

Pre-event DAY 1: Finished in 3 seconds
* 1 BASIC for every 11,000KRW trading volume

Pre-event DAY 2: Finished in 3 seconds
* 1 BASIC for every 13,000KRW trading volume

BASIC tokens earned during this pre-event will be distributed when deposits open with listing.

Thank you!
#TokenListing #Bithumb #BithumbGlobal

πŸŽ‰ It's official! We're thrilled to annouce that $BASIC will be listed on Bithumb.com under the trading pair of BASIC/KRW.

πŸ”₯ BASIC will be listed at 5pm KST on Bithumb & Bithumb Global. To celebrate BASIC being part of Bithumb exchange, there will be an airdrop event worth 200million KRW (approx. 162,000 USD).

Below are the summarized details.

▢️ Timeline for listing : 2020.04.01 (Wed) at 5:00 PM (KST)

▢️ Open date of Deposit address : 2020.04.01 (Wed) at 2:00 PM (KST)

▢️ Available channel : PC Web, Mobile, API


πŸ”Ž Check the Listing & Airdrop details here:
https://cafe.bithumb.com/view/board-contents/1640682

πŸ”Ž For Bithumb Global announcement:
https://cafe.bithumb.com/view/board-contents/1640682
#Partnership #RealLabs

BASIC and Real Labs agree to strategic partnership.

Hello Basic Community! πŸ™‹β€β™‚οΈπŸ™‹β€β™€οΈ

Digital asset finance platform BASIC partners with Real Labs, a subsidiary company of Real Capital.

With this partnership, BASIC platform will be able to effectively provide asset liquidity to users. BASIC will continue to seek strategic partnerships with various institutions in the upcoming future. Stay tuned for more details.

πŸ”Ž Find out more here:
https://medium.com/thebasic/basic-partners-with-real-labs-765434d307bc
#Partnership #DigitalFinanceGroup #DFG

BASIC and Digital Finance Group agree to strategic partnership.

Hello Basic Community! πŸ™‹β€β™‚οΈπŸ™‹β€β™€οΈ

Digital Finance Group invests in cryptocurrency, digital assets, and blockchain technology. The group is based in Singapore and focuses on cooperating with US-based blockchain projects. Digital Finance Group manages 300 employees and has 550 million USD worth of assets under management.

With the partnership with DFG, BASIC will target the Chinese market, providing liquidity with low interest rates. By establishing a joint venture in China, BASIC will acquire new users. Lastly, BASIC can attract startups and miner networks looking for loans.

πŸ”Ž Find out more here:
https://medium.com/thebasic/basic-partners-with-digital-finance-group-7f4eccbac37
#Community #CROSeries

πŸ“„ Investing in Crypto Assets

Hello, Basic Community! πŸ™‹β€β™‚οΈπŸ™‹β€β™€οΈ

Basic's CRO series includes various insights on finance in a traditional & blockchain perspective. In this series, we aim to share with the community the existing industry insights and how blockchain aims to create value in the existing industry. Lastly, you will be able to learn what is Basic's role in the industry.

Nowadays, for the average investor, investing has become more difficult amidst global conditions. In this post, we aim to look at the potential of crypto assets as alternatives to current conditions of low interest rates, low growth rates, and low inflation rates.

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/cro-series-investing-in-crypto-assets-b17e5d9c3e8a
#Community #BASIC #Token

πŸ“„ BASIC Token

Hello, Basic Community! πŸ™‹β€β™‚οΈπŸ™‹β€β™€οΈ

Today's post covers Basic's utility token, BASIC. A cryptocurrency, or token, is a fundamental component of the related blockchain. BASIC token is the utility token of the platform with various purposes. In this post, you will be able to learn the purpose of BASIC token, benefits, and related token economy.

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/5-basic-token-de7c98cb5f5b