Description
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).
