HOW IT WORKS EXPLAINER

Understand basics about utility of BasketCoin tokens and possibilities along side.

BASKET OF CRYPTOCURRENCIES BASKET

Funds raised during the sale have been used to purchase seven cryptocurrencies in order to fulfill the Basket.

The Basket consists of BTC and ETH, SKEY, DOT, YF-DAI, and USDC.

These cryptocurrencies are allocated to various platforms, providing revenue for the buy-back process. 90% of generated revenue is put towards the BasketCoin token burn process, while the remaining 10% is designated to project related expenses.

Bitcoin (BTC)
16 BTC
Ethereum (ETH)
255 ETH
Polkadot (DOT)
6 000 DOT
Smartkey (SKEY)
850 000 SKEY
YfDAI.finance (YF-DAI)
30 YF-DAI
USD Coin (USDC)
121 000 USDC

Additional tokens added to The Basket

The Basket will be gradually expanded with new tokens providing the possibility of passive income, which we allocate to carry out the Buy-Back & Burn program.

Check the details on the statistics platform

Binance Coin (BNB)
232 BNB
CC Found (FOUND)
2 370 000 FOUND
Ari 10 (ARI10)
300 000 ARI10
Synapse Network (SNP)
45 000 SNP
ETHPoW (ETHW)
300 ETHW

GOVERNANCE FEATURES TOKEN

Governance features allow our hodlers to give the project a direction and eventually decide about final share of cryptocurrencies in The Basket.

features
Rewards & Shares

After reaching 10% max. supply due to deflation, the community can choose to sell some crypto and share funds with all hodlers, or simply keep assets intact and receive rewards from previous allocations. Shares or rewards, or maybe both?

features
Modify the Basket

Cryptocurrencies included in the Basket can be adjusted. Do you have an idea for exchanging the crypto in the basket for others? Say no more! Just share your concept with rest of the community directly on the custom-designed voting platform.

features
Decision-making

The main function of the governance token is to delegate the decision making process concerning some of the most important features of the BSKT project directly to the community. This will lead to greater decentralization.

Your vote matters! 💪

Check the details on the governance platform

EXTREME DEFLATION DEFLATION

The final supply of BSKT will reach only 2,100,000 BSKT.

In order to achieve deflation, the initial supply of BSKT tokens has been set at 21 million (21,000,000) and the final supply will be 10% of that value, or 2.1 million (2,100,000).

In the case of deflationary cryptocurrencies, the purpose is to gradually reduce the existing number of available tokens by eliminating them from the market in a process that is generally called burning.

The token elimination process can be achieved through the following actions:

  1. Burning a certain percentage of available tokens,
    each transaction made using BSKT is charged to a fee of 2,5% of its value (1% is burned out, 1% goes to the staking platform and 0.5% is set aside to provide liquidity in future networks).
  2. Buy-backs of tokens and then burning them,
    the company will allocate a large part of the profits from staking cryptocurrencies covering the value of the BSKT token for repurchase and burning.
  3. Removal of tokens from circulation through staking,
    attractive staking rewards for Investors who have placed at least 5,000 BSKT on a designated special staking platform.

Deflation in time

INNOVATION OF TOKEN INNOVATION

A unique token with many innovative features.

features
The Basket

Funds raised during sales were used to buy 7 various cryptocurrencies as collateral of The Basket.

Become BSKT hodler and you will be eligible to receive benefits as time progresses.

features
Buy-backs and burning

The passive profits obtained from the staking of the Basket assets will be used to buy and burn.

Find out how we’re making every effort to accelerate the BSKT deflation process.

features
Staking platform

Connect your private wallet and lock at least 5000 BSKT tokens on the designated staking platform.

Watch as your decision to support the network generates passive income.

features
Deflationary token

Transactions are charged to a fee of 2,5% of their value. 1% is burned, 1% is redistributed, 0,5 future liquidity.

Inspect how the amount of circulating tokens is continuously and progressively reduced.

features
Governance tokens

Governance tokens will be introduced and developed providing project decentralisation.

Make decisions together with the community, guided by the good of the project!

features
Unique NFT tokens

Non-convertible NFT tokens under the flag of BSKT are a limited and exclusive treat for Investors.

Acquire a unique NFT token and stand out from the crowd supporting the project.

STAKING PLATFORM POS

Receive rewards for supporting the network by placing BSKT on the staking platform.

Staking Platform

Place at least 5000 BSKT tokens on the Staking Platform and participate in the BasketCoin redistribution!

BasketCoin offers an innovative and unique reward generation system, each transaction made is charged to a 2.5% transaction fee. 1% is burned out, 1% goes to the staking platform and 0.5% is set aside to provide liquidity in future networks.

A specially designed platform will allow you to manage BSKT tokens:

  • Connect your private wallet (MetaMask) to the platform
  • Allocate of at least 5,000 BSKT
  • Check the amount of accumulated BSKT tokens in real time
  • Enjoy the daily redistribution of tokens
  • Discover other features of the platform

Team TEAM

The BSKT team consists of blockchain fanatics and investors who share a common passion and vision to create an innovative project.

team
Marcin Klarycki
CEO

The founder of the project, his many years of experience and passion for blockchain technology resulted in the creation of the BSKT token.

team
Karolina Sadowska
CMO

Experience in selecting key marketing activities, designing advertising campaigns and supporting business communications.

team
Tomasz Mirosławski
UI/UX Designer

Graphic designer, technician and freelancer with over 20 years of experience, owner of a engraver studio and crypto cantor.

Advisors ADVISORS

team
Piotr Michalak
Business Development & Investor Relations

CEO & Founder CCFound.com

Job Opportunities
We are always looking for cryptocurrency enthusiasts, entrepreneurial and creative people who would like to join a fast growing team. Let us know what you can offer by emailing admin@basketcoin.io

OUR VISION IS TO CREATE INVESTMENT OPTIMISATION ECOSYSTEM FOR ALL VISION

Frequently Asked Questions FAQ

Below is a collection of answers to the most frequently asked questions.

No, the maximum amount of BSKT in circulation will never be increased and new BSKT tokens will not appear on the market.

The initial supply is 21 million (21,000,000) BSKT. The final supply will be 2.1 million (2,100,000) BSKT tokens.

The supply of BSKT tokens will decrease through their burning achieved due to the progressive deflation and the system of repurchase and burning of tokens by the company.

Each transaction involving BSKT tokens is subject to a fee of 2,5% of the total transaction value (1% of this fee is burned out, another 1% is redistributed through the BSKT staking platform and 0,5% is set aside to provide liquidity in future networks).

Yes, BasketCoin token is now available to trade on PancakeSwap, you can find token via the contract address - 0x4dd1984a706e1c2c227bea67ad2f92dbde30afce You can also use the direct link to BSKT/BUSD pair: https://pancakeswap.finance/swap?inputCurrency=0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56&outputCurrency=0x4dd1984a706e1c2c227bea67ad2f92dbde30afce

In order to make a transaction on PancakeSwap you must have a private wallet that supports BEP20 protocol, e.g. MetaMask.

We recommend setting the "slippage" tolerance on at least 2,5-4%, and in conditions of higher network load, even up to 6%.

Payment must be made by using the BUSD

The minimum number of tokens necessary to stake on the platform is 5,000 BSKT. The upper limit is not specified.

With the launch of Staking Platform all tokens that have been collected in the form of a 1% fee on the total value of all transactions based on BSKT in the previous month will go to the redistribution pool. Then, this pool will be distributed throughout the following month to all stakers on the platform - proportionally. This process will be repeated monthly.

This is NOT the BasketCoin team. There are many scammers on Telegram and other platforms who impersonate team members. No one on the team will ever ask you for money or private keys. We recommend being extremely careful!

Redirect icons are in the footer of the page, our official social channels are on Telegram, Twitter, Facebook, Medium, LinkedIn and YouTube. We encourage you to follow us on all communication channels.

At the moment, the fastest way to communicate is to join our Telegram group and ask a question in the chat. We will answer all your questions immediately.

We have successfully lock
2 100 000 BSKT up for 21 months,
according to WhitePaper.

BasketCoin Token smart contract audit

TOKENGUARD

Medium of BSKT project
is a place where you can find
numerous useful information.

I HEREBY DECLARE THE FOLLOWING:

I accept the Terms & Conditions of BasketCoin, I confirm that I have read the Whitepaper and it is understandable to me, I have been informed that there is no obligation to invite new users to platform, Service Provider does not guarantee profits and there are risks associated with functioning on financial markets and in virtual currencies (cryptocurrencies) and I am aware of the loss of the right to withdraw from the contract due to the supply of digital content and the situation where the price of available services depend on fluctuations in markets over which Service Provider has no control.

I understand that DeFi is a new technology and I accept all the market and technology risks associated with using this offer.

I declare that I provide personal data voluntarily and I consent to their processing for marketing purposes, providing information about services and other contained in the Privacy Policy, and the data controller provided me information in accordance with the law.

 

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