Too Long; Didn't Read
You may not have heard of the year-old startup known as <a href="https://basis.io/" target="_blank">Basis</a>. But the <a href="https://hackernoon.com/tagged/cryptocurrency" target="_blank">cryptocurrency</a> company based out of Hoboken, New Jersey has roared out of the ICO gates and raised over $133 million in the past year to go toward creating a new stablecoin for the masses. The token (formerly known as Basecoin) is a <a href="https://medium.com/samsa-ai/stablecoins-carrying-the-way-to-the-crypto-promised-land-c124b2db8ea3" target="_blank">stablecoin</a> that is programmed to maintain its value closely to the value of one US dollar at all times. <strong>In cryptocurrency, it is not always a practical or available option to simply trade Bitcoin for dollars and vice versa.</strong> Basis works to solve this problem. We at the investing platform, <a href="http://lvl.co/?r=CxEGyn1x" target="_blank">Level</a>, recently spoke with them to better understand their intended and expected purpose for the future of cryptocurrency. The Basis team explains,