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DeFi algorithm stable currency Basis renamed to Basis Cash, team anonymous no token sales

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The team developed anonymously to resist SEC scrutiny.

The Basis team recently changed its name to Basis Cash, one of the early DeFi algorithm stabilization COINS. The project was previously closed due to risks associated with the SEC. & have spent

Basis's original vision was to create an equitable economic system that would work for everyone. In total, Basis received more than $133 million in funding. But too much money led the team to abandon the project due to legal restrictions. But now the team has decided to restart the project and rename it Basis Cash. Unlike Basis, Basis Cash has no venture capital, no token sales, and no pre-dig (pre-sell). It is built on Ethereum and the team is anonymous to prevent SEC scrutiny.