BasketCoin (BSKT) is a deflationary token launched in 2021 on the BNB Smart Chain, designed to ensure stability and growth through a diversified basket of cryptocurrencies, including Bitcoin, Ethereum, Polkadot, and others. Transactions incur a 2% fee, half of which is burned, and half redistributed to stakers. BSKT aims to reduce its supply from 21 million to 2.1 million tokens via systematic buybacks and burns. Its value is secured by a basket with Bitcoin and Ethereum providing 50% coverage, while other cryptocurrencies and BasketCoin itself cover the remainder. Profits from DeFi platforms are reinvested to further reduce supply and support expenses. Currently, BSKT has a supply of about 14.39 million tokens with a trading price around $0.1523, with no tokens circulating. Further details are available at [basketcoin.io](https://basketcoin.io).
BasketCoin (BSKT) is a deflationary token launched in 2021 on the BNB Smart Chain, designed to ensure stability and growth through a diversified basket of cryptocurrencies, including Bitcoin, Ethereum, Polkadot, and others. Transactions incur a 2% fee, half of which is burned, and half redistributed to stakers. BSKT aims to reduce its supply from 21 million to 2.1 million tokens via systematic buybacks and burns. Its value is secured by a basket with Bitcoin and Ethereum providing 50% coverage, while other cryptocurrencies and BasketCoin itself cover the remainder. Profits from DeFi platforms are reinvested to further reduce supply and support expenses. Currently, BSKT has a supply of about 14.39 million tokens with a trading price around $0.1523, with no tokens circulating. Further details are available at [basketcoin.io](https://basketcoin.io).
BasketCoin (BSKT) is designed to provide a deflationary token that appreciates and sustains value over time. It achieves this by utilizing a diversified basket of cryptocurrencies and strategic deflation mechanisms such as systematic buyback and burn processes. BSKT is intended for investors seeking stability and growth, with a structure that supports both value stability and long-term appreciation.
BasketCoin secures value stability and growth by utilizing a diversified basket of cryptocurrencies, including Bitcoin, Ethereum, and others, representing different proportions of BSKT’s value. The token’s deflationary nature is achieved through transaction fees, where a portion is burned and redistributed to stakers. Additionally, assets within the basket generate returns on DeFi platforms, funding further buyback and burning of tokens to enhance overall value.
Investors benefit from holding BSKT tokens through participation in a deflationary token structure, where a continued reduction in supply can drive value appreciation. The diversified basket backing BSKT mitigates market volatility, and staking provides additional rewards. Furthermore, consistent repurchasing and burning of tokens funded by DeFi platform profits fosters sustainable long-term growth, making BSKT an attractive option for yield farming enthusiasts.
BasketCoin distinguishes itself from other deflationary tokens by leveraging a diversified portfolio of cryptocurrencies to secure its value. This approach mitigates exposure to market volatility more effectively than tokens not backed by multiple assets. Additionally, BSKT's systematic buyback and burning mechanism, combined with staking rewards funded by DeFi profits, offer a comprehensive strategy enhancing both perfomance and sustainability, setting it apart within the yield farming ecosystem.
BasketCoin's profit-generating activities are supported on DeFi platforms like Crypto.com, YF-DAI, and Swissborg. These platforms enable the cryptocurrencies in the BSKT basket to earn potential returns ranging from 3% to an impressive 72% APR. Ninety percent of these profits are reinvested into repurchasing and burning BSKT tokens, thus further reducing supply and enhancing the token’s value retention.
If your BSKT tokens aren't reflecting in your wallet, first ensure you're using a BNB Smart Chain (BEP20) compatible wallet and check your network settings. Verify the Token Contract Address for BasketCoin is correctly added to your wallet. If issues persist, try resyncing or updating your wallet application. For persistent problems, contact BasketCoin’s community support through their official [website](https://basketcoin.io) or social media channels for further assistance.
Bskt simplifies DeFi yield farming, offering a platform for creating, managing, and investing in crypto baskets, automating the investment process while ensuring transparency and security.
BasketDAO offers DeFi products for efficient crypto management through tokenized asset baskets, utilizing Ethereum smart contracts for secure, transparent treasury and diversified investment strategies, with a governance token enabling user-led protoc...
Crypto Baskets simplifies crypto investment via curated baskets for risk reduction and diversified exposure, leveraging blockchain for secure transactions.
KoinBasket simplifies crypto investment with curated baskets for diversification, leveraging blockchain for security and providing educational resources.
BSKT tracks the top assets across the Solana ecosystem, eliminating the need to track and analyze individual coins while ensuring you are well positioned for Solana’s expected long term growth. Beat the market - while BSKT does all the work.
B2B Token offers a secure and transparent DeFi solution for Bitcoin, utilizing the BTCB token and Binance's proof of reserve.
Bitcoin on Base ($BTCB) offers limited scarcity with only 15.84M tokens post-burn, aiming to provide a Blue Chip investment on the Base network.
Bull Token is a fully decentralized community-driven project on Binance Smart Chain, offering unique deflationary mechanisms that increase liquidity and reward holders.
Explore BSCS, a DeFi platform on BNB Smart Chain offering staking, farming, and liquidity provision. Maximize returns with the BSCS token.
Bitcoin King (BCK) is a secure, user-centric digital currency enhancing digital transactions with privacy, low fees, and fast speeds through blockchain. Offers staking, yield farming, and DApp integration.
KB Chain (KBC) is a cryptocurrency on the BNB Smart Chain with a total supply of 110,000,000 tokens. Visit kbcfoundation.online for more info.
OptiToken utilizes proprietary algorithms for crypto trading and portfolio management, featuring a "buy back and burn" policy to potentially increase token value through reducing supply.