BasisX is an algorithmic stablecoin project built on the Huobi ecological chain.When the price of BXC is higher than US$1.05, the contract minted BXC and allocated to BXS pledge users; when the price of BXC is lower than US$0.95, users can purchase BXB at a discounted price, and when the price of BXC returns to US$1.05, the ratio will be 1:1 Buy BXC and get benefits.