BasisX is an algorithmic stablecoin project built on the Huobi Eco Chain. When the price of BXC exceeds $1.05, the contract mints BXC and distributes it to BXS stakers. When BXCs price falls below $0.95, users can purchase BXB at a discount. When BXCs price returns to $1.05, users receive benefits on a 1:1 basis when buying BXC.
