Block Ape Scissors aims to create the most advanced and innovative player owned economy in web3. By leveraging its in house game developers, alongside talented smart contract developers, the team also aims to be a core web3 infrastructure provider for the blockchain gaming industry.

Basis Share is one of three tokens that play a starring role in the Basis Cash ecosystem. It launched in late 2020 — and the team behind this project are aiming to create a decentralized algorithmic stablecoin that will become a mainstay in the DeFi space.

According to developers, BAS is an ownership token which receives inflationary rewards from Basis Cash — and its value will be directly linked to increasing adoption of BAC.

Basis Shares and Basis Bonds are used to help keep Basis Cash at a price of $1. If the price falls below this level, bonds can be purchased at discount prices — and redeemed on a 1:1 basis once prices exceed this level.

If BAC remains above $1 after bonds have been redeemed, new BAC tokens are minted and distributed to those who own Basis Shares.

This is where things get a little bit unusual. Basis Share, and the other tokens in the ecosystem, have been launched by two anonymous people called Rick and Morty — a clear reference to the popular cartoon series of the same name.

During an AMA session in early January of 2021, Morty said that there are plans to expand the team further as there are technical positions to be filled concerning integrations and applications.

Whats unusual about Basis Share is how this token appears to have come from the ashes of a project that never saw the light of day. Elements of this ecosystem have been derived from Basecoin, which managed to raise $133 million in an ICO. Andreessen Horowitz was among just some of the big names that decided to get involved. Unfortunately, a clampdown by the SEC meant these funds needed to be returned to investors.

Basis Share is unique because of how it is one of two tokens that will be responsible for ensuring that Basis Cash remains at a value of $1. This means that BAC isnt actually collateralized by an asset such as gold, dollars or another cryptocurrency.

One of the projects main goals is to ensure that the Basis Cash stablecoin is fairly distributed, and that it is resistant to censorship.