BASIC Official Announcement Channel
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The Future of Banking for Digital Age
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#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
#Community #AMA #ICOPantera

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

On March 31st, BASIC had an AMA session with ICO Pantera, one of the most influential crypto communities in South Korea. There were a total of 14 questions, which were answered by BASIC’s CSO Leon Kim. We would like to thank everyone for participating in the AMA, and here is part 1 of the translated version for our international community. Stay tuned on the channel for part 2.

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/ama-part-1-basic-icopantera-237219a97f85
#Community #CROSeries

πŸ“„ The Business Operations of Financial Institutions

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.

In many aspects, crypto assets are similar to traditional financial assets. Therefore, understanding how various financial institutions engage in business will give insights on how crypto assets can be managed by other institutions. What consists of financial institutions, and what are their business operations like?

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/the-business-operations-of-financial-institutions-cc248c3827a3
#Community #AMA #ICOPantera

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

On March 31st, BASIC had an AMA session with ICO Pantera, one of the most influential crypto communities in South Korea. There were a total of 14 questions, which were answered by BASIC’s CSO Leon Kim. We would like to thank everyone for participating in the AMA, and here is part 2 of the translated version for our international community.

We would like to thank the Korean community and ICO Pantera for their wonderful support. We look forward to communicate more with our international community as well. Please stay tuned for updates!

Check it out! πŸ‘€
https://medium.com/thebasic/ama-part-2-basic-icopantera-175d58b4f2bf
#Community #CROSeries

πŸ“„ Introduction to BASIC's CRO: Cris Kim

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.

Today we would like to take a short break before we move onto another deep-dive CRO series. The community has been enjoying the CRO series so far, but have we really heard anything about Cris Kim, the writer of these series? In this post is a brief interview of Cris Kim, looking into his various experiences in finance, academia... and how he eventually came to join us at BASIC.

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/cro-series-cris-kim-basics-chief-risk-officer-f13d53d92572
#Community #CREDIT #Token

πŸ“„ CREDIT Token

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

As discussed before, CREDIT token is the representation of a user’s credit score on the platform. Meanwhile, BASIC token is the utility token of the platform with various purposes. In this post, you will be able to learn the purpose of CREDIT token and its role in assessing user credit.

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/credit-token-daf4ff7ac430
#Community #CROSeries

πŸ“„ The Background of 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.

Today we are back to the deep-dive of blockchain & crypto assets in the investing context. Let us see the value proposition of crypto assets as an alternative solution to traditional currency, and how they are perceived in today’s investing scene.

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/the-background-of-crypto-assets-be04335f1192
#Community #BitGo #Partnership

πŸ“„ BASIC x BitGo

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

BitGo is the leader in the storage of digital assets, headquartered in Palo Alto, California. It is well-known for its solutions that offer custody, security, and liquidity. How does the partnership between BASIC and BitGo work?

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/7-basic-x-bitgo-4e208d5c1bf9
#Community #KYC #AML

πŸ“„ KYC x AML

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

Today's post will cover the regulatory risk management KYC & AML compliance practices, which are generally used as preventive measures of the illegal digital asset transactions (money laundering or terrorism financing) . But how does it actually work?

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/8-kyc-aml-928920357489
#Community #CROSeries

πŸ“„ Categorizing 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.

Today we will be looking at the primary characteristics of the crypto assets and determine how should it be categorized and classified within the accounting system and overall in the financial ecosystem.

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/thebasic/cro-series-categorizing-crypto-assets-115ae3daf51e
#Community #Risk #Management

πŸ“„ BASIC Risk Management

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

Today’s post will cover the Risk Management practices, that are implemented within the platform in order to establish an efficient and stable ecosystem and in order to secure all the occurring financial transactions. Let's see together the methodologies and tools, that BASIC is using to address all the associated risks, that may occur in any given financial transaction.

Check it out! πŸ‘€
πŸ‘‰ https://medium.com/the/9-basic-risk-management-69b15596e4f2