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

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πŸ‘‰ https://medium.com/thebasic/5-basic-token-de7c98cb5f5b
#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.

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https://medium.com/thebasic/basic-loan-product-usage-scenario-a5e9a113c131
#Community #BASIC #Loan

πŸ“„ BASIC Surmounted Accumulated 12 billion KRW Loans!

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

In today’s post, we will be looking at the BASIC Platform in the status-quo, by emphasizing the currently operating β€œprivate beta service” and pointing out to the evolvement of the β€œuntact” services, that has a significant relevance to our platform, as well.

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https://medium.com/thebasic/11-basic-surmounted-accumulated-12-billion-krw-of-loans-d44af4c63352
#Community #BASIC #Crypto

πŸ“„The Rise of Digital Assets!

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

In today’s post, we will be looking at the overall ascend of the digital finance and the manifest of digital assets in the financial ecosystem.

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https://medium.com/thebasic/12-the-rise-of-digital-assets-ec0ab779e0f4
#Community #BASIC #DAFI

[DAFI & BASIC to explore the possibility to issue synthetic tokens]

We are thrilled to announce the collaboration between BASIC and DAFI Protocol to carry out a strategy on the release of synthetic tokens to be applied in platform. Accordingly, BASIC is planning to review the possibility to utilize DAFI's dTokens to develop a new collateral release model that will be applied to the loan system. The Synthetic Tokens are going to be issued in a limited amount with the timely restriction in order to protect their value from initial inflation. Subsequently, the tokens are planned to be allocated to long-term users with the increase in the network demand. DAFI Protocol creates synthetic tokens to reward long-term network users, solving the biggest issue within decentralized economies - by rewarding long-term users, rather than the short-term ones. As a matter of fact, DAFI is planning to expand its partnership network to the Korean market in the future and establish a Korean community.