Based Finance a decentralized utility-based algorithmic token $BASED on the $FTM network pegged 1:1 with $TOMB via seigniorage. The protocol’s underlying mechanism dynamically adjusts $BASED supply, pushing its price up or down relative to the price of $TOMB.
Based Shares (BSHARE) are one of the ways to measure the value of the BASED Protocol and shareholder trust in its ability to maintain BASED close to peg. During epoch expansions the protocol mints BASED and distributes it proportionally to all BSHARE holders who have staked their tokens in the Acropolis (boardroom).
BSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Based finance ecosystem.
What is the highest value BASED Shares (BSHARE) has ever reached?
BASED Shares (BSHARE) reached its peak price at 9,915.65 $ on 07 September 2024, approximately a few seconds ago ago. Presently, the current price is -99.9% lower than this all-time high.
What is the historical minimum price for BASED Shares (BSHARE)?
The minimum price reached for BASED Shares (BSHARE) was 3.53 $, documented on 07 September 2024, more than a few seconds ago. In comparison, the current price is 172.8%, it above this historical low.
What is the fully diluted valuation of BASED Shares (BSHARE)?
The fully diluted valuation (FDV) of BASED Shares (BSHARE) stands at $ 481,801. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of BSHARE tokens. The realization of this FDV might take several years depending on the emission schedule of BSHARE tokens.