Basis (@basisprotocol) — Twitter Score 39 out of 1000

Basis is a defunct algorithmic stablecoin project that shut down at the end of 2018 after its founders concluded the SEC would likely classify its tokens as unregistered securities. Basis's Twitter Score is 39 out of 1000 as of August 2026, ranking #23,879 (top 5%) among 483,944 tracked accounts.

Basis was co-founded by Nader Al-Naji, Lawrence Diao, and Josh Chen, with the goal of building a cryptocurrency whose elastic supply would expand and contract algorithmically to maintain a value of approximately one dollar. The project's design relied on a three-token system consisting of Basecoin, Base Bonds, and Base Shares, with Basecoin pegged to the USD and supply adjustments used to hold that peg. In April 2018, Basis announced a $133 million funding round, drawing backing from a wide range of prominent venture investors before the project wound down later that year.

Basis had previously received backing from Andreessen Horowitz, Bain Capital Ventures, GV, Lightspeed Venture Partners, Foundation Capital, NFX Ventures, Digital Currency Group, ZhenFund, Sky9 Capital, WingVC, Valor Capital, and Ceyuan. In July 2024, the SEC charged co-founder Nader Al-Naji with fraud and unregistered offers and sales of crypto asset securities in connection with a separate project, BitClout, with the SEC framing those claims as allegations in a complaint. Basis has accumulated 4,859 followers as of August 2026 and 79 posts, and has been mentioned by 84 accounts a total of 111 times.

Who follows Basis on X?

The accounts that follow Basis include 160 founders, 66 angel investors, 39 influencers and 10 VCs, among them Laura Shin, Kyle Samani, Fred Ehrsam, RYAN SAN ADAMS, Jake Brukhman and Ali Yahya.