BAS (BNB Attestation Service) rose 46.84% in 24 hours.

Gate News Bot news, on October 24, according to CoinMarketCap data, BAS (BNB Attestation Service) is currently priced at 0.02 USD, with a rise of 46.84% in the last 24 hours, peaking at 0.17 USD and dropping to a low of 0.01 USD. The current market capitalization is approximately 412,000 USD, an increase of 131,000 USD compared to yesterday.

BNB Attestation Service (BAS) is the native verification and reputation layer of the BNB Chain ecosystem, providing composable KYC, identity, and asset proof for RWA, DeFi, and AI agents. BAS offers two certification modes: on-chain certification and off-chain certification. Currently, BAS has completed over 40 million certifications, has over 2.5 million unique addresses, and has established partnerships with more than 100 partners. BAS aims to rebuild trust in a decentralized, internet-driven environment, surpassing traditional centralized endorsements and geographical limitations.

Important news about BAS recently:

1️⃣ The team adjusts the airdrop strategy and launches a buyback plan The BAS team apologizes for the approximately 70% drop in coin price triggered by the recent 1% airdrop and announces that it will redesign a more balanced airdrop strategy. At the same time, the team plans to gradually initiate buyback actions to stabilize the market and demonstrate confidence in long-term development. This series of measures aims to reduce selling pressure, protect user interests, and is expected to provide support for the BAS price.

2️⃣ The BAS ecosystem scale continues to expand BAS, as a core component of the BNB Chain ecosystem, has completed over 40 million certifications, involving 2.5 million independent addresses, and has established partnerships with more than 100 partners. This vast user base and cooperative network lays a solid foundation for the long-term development of BAS, driving the continuous rise of its value and application scenarios.

3️⃣ Diversified application scenarios drive demand rise The application scope of BAS is continuously expanding, covering multiple fields such as KYC, identity verification, asset proof, etc., especially with the increasing applications in emerging areas like RWA, DeFi, and AI agents. This diversified application scenario has attracted more users and developers to join the BAS ecosystem, promoting the rise of its value and demand.

From a technical perspective, the BAS price has experienced significant volatility recently, first undergoing a sharp decline, followed by a rapid rebound. This price fluctuation reflects the market's positive response to the BAS team's strategic adjustments, but it also shows that there is still a degree of uncertainty in the short term. Investors should closely monitor the implementation of specific measures by the BAS team in the future, as well as its application progress in the BNB Chain ecosystem, as these factors will influence its long-term value performance.

This message is not an investment advice, and investors should be aware of the market volatility risk.