Basis (Basecoin) ICO (2018): Sale History, Figure & Outcome
Basis, also known as Basecoin, was a planned algorithmic stablecoin project that conducted a token sale in 2018. The project aimed to create a cryptocurrency with price stability through algorithmic mechanisms.
| Token | Basis (Basecoin) (BAS (never launched)) |
|---|---|
| Sale year | 2018 |
| Category | token |
| Chain | planned algorithmic stablecoin |
| Documented figure | $133,000,000 |
| Outcome | refunded |
| Data tier | 2 — research-lane verified |
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What the record shows
The Basis token sale raised USD 133 million from notable backers including a16z and Bain Capital Ventures. However, the project shut down in December 2018, citing constraints related to the U.S. securities watchdog. Nearly all capital was returned to participants, and the BAS token never launched.
Era context: ico mania (2017–2018)
The Basis sale occurred during the ICO Mania era (2017–2018), when token sales surged in popularity, often selling out rapidly. This period saw record-breaking fundraising followed by widespread project failures and increased scrutiny from authorities, reshaping the cryptocurrency landscape.
This sale is one of the 234 entries in our ICO Mania (2017–2018) era archive, part of the complete history of crypto presales — a sourced dataset where every figure links to the page that shows it.
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More from this era
- Benebit (2018)
- Bitcoiin2Gen (2018)
- BitScreener (2018)
- BitSong (2018)
- Blockvest (2018)
- BnkToTheFuture (2018)
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Sources
This page is historical research built from a sourced dataset — not a recommendation to buy anything. Token sales are high-risk. Money figures appear only where the cited source shows one. Corrections with sources: support@bmic.ai.