Though there are many alogorithmic stablecoin protocols that have emerged over the last few months. The advantage of BasisX is that it builts on exisiting protocols and implements certain parameters better than its predecessors, namely, reasonable epoch expansion rates, incentives for BXB holders to redeem their bonds when BXC prices are higher, fair distribution of BXS. Additionally, BasisX has a first mover advantage because it is built on HECO.