BasketCoin Price
BSKT
How Much is 1 BasketCoin (BSKT)
Convert BSKT to your currency
Last Updated on Dec 29, 2025 05:20 PM
What is BasketCoin?
About the coin
BasketCoin is a deflationary token designed to be secured with a basket of cryptocurrencies. It aims to provide stability and value growth through its unique structure. The token is built on the Binance Smart Chain and is designed to decrease its supply significantly over time.
Main features
BasketCoin incorporates a 2% transaction fee, where half is burned and the other half is allocated to a staking/reward redistribution pool. This mechanism accelerates the reduction of the token's supply. The token is backed by a basket of seven cryptocurrencies, including Bitcoin, Ethereum, and others, which cover its value and provide stability against market fluctuations.
How it works
The BSKT token's value is secured by a diversified basket of cryptocurrencies, each contributing a specific percentage to the overall coverage. The token's design includes a repurchase and burning process, funded by profits generated from various platforms like Crypto.com and Swissborg. These profits are used to buy back and burn BSKT tokens, reducing the supply and potentially increasing the token's value.
Wallet for BasketCoin
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Tangem supports networks for BasketCoin
- Bnb Smart Chain
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BasketCoin FAQ
- BasketCoin is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- BasketCoin stands out for its performance, cost-effective transactions, and ecosystem support. These strengths make it suitable for various blockchain activities.
- They refer to the same cryptocurrency. BSKT is the abbreviated code used in trading platforms.
- You can buy BasketCoin using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- The safest option is to use a hardware wallet that keeps your private keys offline. Tangem provides secure cold storage protection.
How to secure BasketCoin with Tangem Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
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Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why choose BasketCoin wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
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Other crypto assets supported in Tangem Wallet.
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