basis.marketsPrice

(BASIS)

The BASIS Airdrop distributes native BASIS tokens to early users and community members of the Basis Markets platform and the TON ecosystem. To claim, users generally visit the official Basis Markets dashboard, confirm eligibility, and click a "Claim" button. This process involves approving a blockchain transaction, which incurs a small network fee (gas) payable in TON.

Staking BASIS tokens is essential for earning on-chain rewards, accumulating points, and activating a multiplier system that significantly boosts your share of potential rewards. 'Lock duration' defines the period you commit to keeping your tokens staked. Typically, a longer lock-up period results in higher reward multipliers and increased voting power within the platform's governance structure.

While some major centralized exchanges may not directly support BASIS, it is often available for purchase on decentralized exchanges (DEXs). The process typically involves connecting a compatible cryptocurrency wallet to a chosen DEX, acquiring a base currency such as USDT, and then executing a swap for BASIS tokens. Users should prioritize reputable DEXs and be mindful of transaction fees, security considerations, and liquidity.

The BASIS token is fundamental to the Basis Markets ecosystem, primarily used for paying trading fees when utilizing the Basis Trade eXecutor. Basis NFT holders gain several advantages, including access to the sophisticated Basis Trade Engine, discounted fees for the Trade eXecutor service, voting rights within the Basis DAO governance, and entry into a private Discord community for exclusive interactions.

The Basis Trade Engine (BTE) offers Basis NFT holders real-time data on funding and lending rates across numerous top exchanges, identifying favorable basis trade opportunities and providing advanced analytical tools. The Basis Trade eXecutor (BTX) is a specialized platform that connects to exchanges via API, designed to guide users and facilitate the easy execution of delta-neutral trades while minimizing potential manual errors during transaction setup.

Yes, Basis Markets faces serious fraud allegations. The Serious Fraud Office (SFO) has initiated a major criminal investigation, characterizing the project as an alleged large-scale Ponzi scheme that has reportedly defrauded numerous victims. Investigations indicate potential evidence of the team engaging in "pump and dump" schemes with their own token, diverting significant raised capital to personal accounts, and involvement in "insider trading" activities.