Here is the English translation without altering the HTML format:
```html
BasisX is an algorithmic stablecoin project built on the Huobi Eco Chain. BXB refers to the issuance of bonds to buy back BXC when the price of BXC falls below $0.95, and when the price of BXC exceeds $1.05, holders of BXB can exchange it for BXC at a 1:1 ratio.
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