$0.001089
-$0.000021(-1.95%)
Market Cap
--
24h High
$0.001110
24h Low
$0.001086
24h Turnover
$73.67
Total Supply
10.00M
Market Sentiment
Neutral
About BaseX (BSX)
Basilisk is a liquidity protocol built for the Kusama ecosystem. Its mission is to enable frictionless liquidity that caters to the evolving needs of crypto assets - both fungible, and non-fungible (NFTs). Basilisk helps young cryptoprojects distribute tokens to their communities while navigating initial price discovery. It provides a gateway to liquidity bootstrapping in Kusama.The modular design of Basilisk enables fungible assets to bootstrap liquidity by choosing the Automated Market Maker (AMM) model which they find the most convenient. The first version comes with an implementation of Snek Swap (XYK) pools which allow users to buy and sell tokens, or to become a liquidity provider and earn rewards generated from trades.In the following version, Basilisk is preparing to release an array of new features. Liquidity Mining (LM) will allow the Basilisk Protocol to incentivize liquidity provisioning to selected pools with BSX tokens from the Basilisk Treasury. Furthermore, Liquidity Bootstrapping Pools (LBP) will allow young crypto assets to bootstrap liquidity in a fair and economically efficient manner.
Risk Disclosure
Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results.
Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.
Disclaimer
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