The Basix Protocol is a DeFi project that reimagines various concepts to offer profits to token holders who understand its workings. The $BASX token is a blend of Ampleforths economic policy and YFI, augmented with NFT capabilities. In other words, the Basix Protocol introduces a modern decentralized system with a deflationary mechanism featuring NFT characteristics (currently under development). $BASX is the native token of this protocol. Every 24 hours, the Basix Protocol adjusts the total supply of $BASX tokens, targeting a 1:1 peg with $sUSD.
