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

πŸ“„ Unforeseen Impact of the Quantitative Easing

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 negative affects of the Quantitative Easing policy, that has been abused by the U.S government during the financial crisis of 2008. Let’s have a look together, what are the consequences to the natural economy of reckless abuse of financial tools.

Check it out! πŸ‘€
https://medium.com/@thebasic/cro-series-unforeseen-impact-of-the-quantitative-easing-10664ec50b55
#Community #Report

πŸ“„ BASIC Monthly Report!

What's up, Basic Community? πŸ™‹β€β™‚οΈπŸ™‹β€β™€οΈ

Greetings to the BASIC community! BASIC has prepared for you a digest of all the essential events and news for the April month. In this post, you may get familiar with the previously uploaded posts or the events, that took place during the previous month.

Check it out! πŸ‘€
https://medium.com/thebasic/basic-monthly-report-82a03c51fbf6
#Community #CROSeries

πŸ“„ Blockchain as a New Banking System!

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’s topic is sort of a sequential post and quite relevant to what, we have discussed previously. In today’s post, we will be looking at the β€œBretton Woods Agreement”, which has intensified an issue over the centralized monetary system, and made the topic of β€œblockchain as a new monetary system” very relevant.

Check it out! πŸ‘€
https://medium.com/thebasic/cro-series-blockchain-as-a-new-banking-system-c3a5140ade2d
#Community #BASIC #Loan

πŸ“„ BASIC Loan Product Usage Scenario!

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

Today’s post will cover the two different scenarios of loan product usage. In fact, BASIC offers diverse types of loan products, and each has its own features. Let’s look at the assumed scenarios with two different loan products in order to observe the potential result of the usage of those products.

Check it out! πŸ‘€
https://medium.com/thebasic/basic-loan-product-usage-scenario-a5e9a113c131
#Community #CROSeries

πŸ“„ The Crypto Assets in the era of 4th Industrial Revolution!

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 today’s post we will be looking at the regulatory and legislative side of the crypto assets, and we will see why is it important for the government to accelerate the adoption of appropriate regulations in order to further boost the advent of the 4th Industrial Revolution.

Check it out! πŸ‘€
https://medium.com/thebasic/cro-series-the-crypto-assets-in-the-era-of-4th-industrial-revolution-b5c2b0476546