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Basis Coin is the new decentralized algorithmic protocol. It is an open-source, permisionless, highly- scalable, decentralized, algorithmic protocol built on Ethereum. This is a protocol inspired by Basis.cash. We found some design flaws in Basis.cash and made improvements. But retain the underlying structure of Basis.cash, because we believe that a structure that has been tested by time and users is stable and safe.