What is Cryptoeconomics & how does it work?

Cryptoeconomics — the combination of economic incentives with cryptographic verification using procedures such as proof-of-work (Bitcoin) or proof-of-stake (Ethereum) — secures public blockchains (Ethereum). These blockchains are regarded as "completely decentralized" in general.

Who invests in a crypto Coin & how does it work?

The full list of investors includes Bain Capital Ventures, Lightspeed Foundation Capital and billionaire hedge fund manager Stan Druckenmiller. The coin is built on the Ethereum blockchain and is designed to adjust its supplyautomatically in order to hold a steady value and avoid the extreme volatility of the cryptocurrency market.

Are cryptocurrencies a barrier to widespread adoption?

“At Basis, we believe the price volatility of cryptocurrencies is one of their biggest barriers to widespread adoption,” says CEO Nader Al-Naji. “Imagine you’re paid a salary of one Bitcoin per month. If the price of Bitcoin drops, you might not be able to make rent. If it rises, your employer won’t be able to afford your salary.