Basis: APrice-StableCryptocurrency ...

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Basis: A Price-Stable Cryptocurrencywith an Algorithmic Central BankFormerly known as: BasecoinNader Al-Naji Josh Lawrence Diao published: June 20, 2017For the most updated version, : Why Does Price Stability Matter?1Use Cases for a Price-Stable Cryptocurrency3Developing Markets . . . . . . . . . . . . . . . . . . . . . . . . 3A Low-Volatility Cryptoasset for Traders . . . . . . . . . . . . 5Credit and Debt Markets . . . . . . . . . . . . . . . . . . . . . 6The Broader Blockchain Economy . . . . . . . . . . . . . . . . 7Fighting Macroeconomic Depressions . . . . . . . . . . . . . . 7How Basis Implements Price Stability8The Quantity Theory of Money . . . . . . . . . . . . . . . . . 9The Basis Protocol . . . . . . . . . . . . . . . . . . . . . . . . 10Measuring the Exchange Rate . . . . . . . . . . . . . . . 11Expansion and Contraction via a Three-Token System.

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