BasketCoin (BSKT)
BasketCoin is more than just another cryptocurrency - it's a thoughtful investment into the future. Our unique token, backed by a carefully selected basket of cryptocurrencies, opens up new possibilities in the digital finance world.
Deflation
The tokenomics of BasketCoin involves a deflationary approach. Initially, the supply of BSKT tokens was set at 21 million, with the final supply targeted to be 10% of that, amounting to 2.1 million. This deflation is achieved by burning a certain percentage of available tokens. Each BSKT transaction incurs a fee of 2.5%, of which 1% is burned, 1% goes to the staking platform, and 0.5% is reserved for future network liquidity.
Initial Supply
21 000 000Current Supply
14 791 879Final Supply
2 100 000Staking
Moreover, BasketCoin offers a unique reward generation system and allows users to manage BSKT tokens through a specially designed platform. Users can connect their private wallets, allocate a minimum of 5,000 BSKT, track their accumulated rewards in real time, and enjoy daily token redistribution
StakingGovernance
At BasketCoin, we value the voice of our community. Our governance model empowers token holders to actively participate in key decision-making processes, ensuring a democratic and transparent operational framework. Engage in collective decision-making processes, where each member's voice contributes to the overall direction and success of BasketCoin.
GovernanceBuyback & Burn
Cryptocurrencies from The Basket are utilized across numerous trusted Staking and DeFi platforms, enhancing the buy-back and burn process. This not only adds to the stability of BasketCoin but also amplifies its potential for growth. 45% of revenue generated from staked cryptocurrencies is used to buy back BSKT tokens which are then allocated to be burned on a quarterly basis, permanently reducing the token supply, thus creating a deflationary impact.
BSKT Burnt
6 208 121 BSKTPercent of Total Supply Burnt
29.56 %Supply Burnt with Buyback & Burn
1 951 446 BSKTSupply Burnt with Transactions
1 835 891 BSKTReduced by leftovers on ETH
2 420 784 BSKT