Today's BASED Shares price is $15.89, which is up 16% over the last 24 hours. BASED Shares's market cap is unknown. 24 hour BSHARE volume is $689.80. It has a market cap rank of 7296. BASED Shares is traded on exchanges. BASED Shares had an all-time high of $14,664 10 months ago. Over the last day, BASED Shares has had 0% transparent volume and has been trading on 16 active markets with its highest volume trading pairs being .
Based Finance a decentralized utility-based algorithmic token $BASED on the $FTM network pegged 1:1 with $TOMB via seigniorage. The protocol’s underlying mechanism dynamically adjusts $BASED supply, pushing its price up or down relative to the price of $TOMB.
Based Shares (BSHARE) are one of the ways to measure the value of the BASED Protocol and shareholder trust in its ability to maintain BASED close to peg. During epoch expansions the protocol mints BASED and distributes it proportionally to all BSHARE holders who have staked their tokens in the Acropolis (boardroom).
BSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Based finance ecosystem.