How to buy/sell BAGS (Basis Gold Share) on Huobi Cryptocurrency exchange?

BAGS (Basis Gold Share)

BasisGold is the first algorithmic stablecoin project on HuobiEcoChain.

How to buy BAGS (Basis Gold Share) on Huobi?

Follow the easy 4 steps below to buy BAGS (Basis Gold Share) on Huobi.

1. Register a Huobi Global account
   Provide an email address, create a username, and choose a secure password.
2. Verify your account
   After registering and verifying, all you need to do to buy Bitcoin is to provide your name, date of birth, country/region and phone number. For verification information, see the verification documentation.
3. Deposit in fiat currency or cryptocurrency
   To deposit cryptocurrency, you only need to check the encrypted address on Huobi Global and send funds to that address. There are many ways to use fiat currency to fund your account for transactions, including credit cards, cash, and other cryptocurrencies.
4. Start buying Bitcoin on Huobi
   Once your fiat currency or cryptocurrency is in your account, you can start buying Bitcoin. Through your Huobi Global account, you can get trading charts, 24-hour global customer support, and BAGS (Basis Gold Share) derivatives trading.

Huobi Official Website

What is BAGS (Basis Gold Share)?

Basis Gold is the first algorithmic stablecoin project on HECO.

There are three tokens in the agreement, namely BAG (Basis Gold), BAGS (Basis Gold Share) and BAGB (Basis Gold Bond). BAG and BAGS can be obtained through mining, of which BAG is anchored as a stable currency at $1, and BAGS holders participate in the pledge to obtain the premium income generated by BAG after inflation. BAGB is a bond issued when the price of BAG is less than $1 to repurchase BAG.

When BAG returns to $1, BAGB holders can exchange BAG one-to-one. The Basis Gold protocol not only guarantees economic flexibility but also can fully attract a wide audience, and the distribution of tokens is absolutely fair and free from human intervention and control.

BAGS-HUSD LP mining pool and BAGS-HBTC LP mining pool will distribute the same number of tokens every day, which is 347.222, which will be released linearly in one year.

The BAG-HUSD LP mining pool and the BAG-HBTC LP mining pool will distribute 3080 BAGS every day for the first 30 days, and the reward will be 75% of the previous 30 days every 30 days thereafter. This means that in February 2021, the daily bonus issuance of the mining pool will drop from 3,080 to 2,310.

Open Huobi’s Crypto Account