$BAS Has the minting cap been reached? On-chain data says it’s full, but the same page still says tokens can be minted 🤔
Bottom line first: keep watching; no need to rush in. This coin really got me digging today.
The ranking page contradicts itself about minting: one section says the minting-permission risk has been eliminated, while another says the minting role can still mint tokens. Both statements on the same page—who should I believe? I counted on-chain: the total supply is 10 billion, and the cap is also 10 billion. It’s fully minted. Whether the role still exists doesn’t matter; with the cap reached, no more tokens can be minted.
Even more interesting are the top four addresses: 32%, 18%, 15%, and 10%—exactly 7.5 billion tokens combined, or 75% of the total supply. The batch minted on August 27 was 7.5 billion tokens, and the numbers match exactly. Those 7.5 billion tokens are not circulating yet; only 2.5 billion are. So the $150 million figure on the ranking page is based on total supply, while the circulating market cap is only about $37.5 million. Don’t mix them up.
On the market, the current price is about $0.015, up roughly 9.3% over 24 hours. There were 5,125 sell orders and 4,167 buy orders—nearly a thousand more sells than buys—yet the price is still climbing. The main pool is BAS against
$BNB , with about $1.55 million in liquidity and roughly $1.39 million in 24-hour trading volume. There are about 168,000 holders, and the top ten hold 92.2%.
One other thing stands out: among the 3,534 addresses tested for selling, 428 couldn’t sell—about 12%. The page flags that some users may have been blacklisted. But both buy and sell taxes are 0. If the tax is 0, why can’t some people sell? I can’t explain that away.
The project itself is decentralized proof infrastructure on BNB Chain, building verifiable credit profiles for autonomous agents. The off-chain proofs are stored on Greenfield, according to the website and project description.
If you hold BAS, check two things first. One: according to public records, those additional 7.5 billion tokens won’t enter circulation until February 2027. When they do, the circulating supply will quadruple—make a note of it. Two: check whether the sell test works for your own address. Don’t wait until you actually want to sell to find out. What would change my view? Those 7.5 billion tokens held by the top four addresses starting to move, or a clear drop in the number of failed sell attempts.
This is not investment advice. Alpha projects are high-risk and could go to zero. If you hold BAS, check the sell-test section first: is your address among the 428 that couldn’t sell?
#BinanceAlpha #BAS #ContractWatch