diff --git a/docs/spec/supply/01_concepts.md b/docs/spec/supply/01_concepts.md
index 3d71e6e4b5..79c56e2906 100644
--- a/docs/spec/supply/01_concepts.md
+++ b/docs/spec/supply/01_concepts.md
@@ -56,7 +56,6 @@ permissions to that specific account and perform or not the action.
 
 The available permissions are:
 
-- `Basic`: is allowed to only transfer its coins to other accounts.
-- `Minter`: allows for a module to mint a specific amount of coins as well as perform the `Basic` permissioned actions.
-- `Burner`: allows for a module to burn a specific amount of coins as well as perform the `Basic` permissioned actions.
+- `Minter`: allows for a module to mint a specific amount of coins.
+- `Burner`: allows for a module to burn a specific amount of coins.
 - `Staking`: allows for a module to delegate and undelegate a specific amount of coins.
diff --git a/simapp/app.go b/simapp/app.go
index 0855d9e58e..4defb20085 100644
--- a/simapp/app.go
+++ b/simapp/app.go
@@ -145,8 +145,8 @@ func NewSimApp(logger log.Logger, db dbm.DB, traceStore io.Writer, loadLatest bo
 
 	// account permissions
 	maccPerms := map[string][]string{
-		auth.FeeCollectorName:     []string{supply.Basic},
-		distr.ModuleName:          []string{supply.Basic},
+		auth.FeeCollectorName:     nil,
+		distr.ModuleName:          nil,
 		mint.ModuleName:           []string{supply.Minter},
 		staking.BondedPoolName:    []string{supply.Burner, supply.Staking},
 		staking.NotBondedPoolName: []string{supply.Burner, supply.Staking},
diff --git a/x/distribution/keeper/test_common.go b/x/distribution/keeper/test_common.go
index 26aaa5f735..9b8a7ee7d0 100644
--- a/x/distribution/keeper/test_common.go
+++ b/x/distribution/keeper/test_common.go
@@ -121,8 +121,8 @@ func CreateTestInputAdvanced(t *testing.T, isCheckTx bool, initPower int64,
 	accountKeeper := auth.NewAccountKeeper(cdc, keyAcc, pk.Subspace(auth.DefaultParamspace), auth.ProtoBaseAccount)
 	bankKeeper := bank.NewBaseKeeper(accountKeeper, pk.Subspace(bank.DefaultParamspace), bank.DefaultCodespace)
 	maccPerms := map[string][]string{
-		auth.FeeCollectorName:     []string{supply.Basic},
-		types.ModuleName:          []string{supply.Basic},
+		auth.FeeCollectorName:     nil,
+		types.ModuleName:          nil,
 		staking.NotBondedPoolName: []string{supply.Burner, supply.Staking},
 		staking.BondedPoolName:    []string{supply.Burner, supply.Staking},
 	}
@@ -144,10 +144,10 @@ func CreateTestInputAdvanced(t *testing.T, isCheckTx bool, initPower int64,
 	}
 
 	// create module accounts
-	feeCollectorAcc := supply.NewEmptyModuleAccount(auth.FeeCollectorName, supply.Basic)
+	feeCollectorAcc := supply.NewEmptyModuleAccount(auth.FeeCollectorName)
 	notBondedPool := supply.NewEmptyModuleAccount(staking.NotBondedPoolName, supply.Burner, supply.Staking)
 	bondPool := supply.NewEmptyModuleAccount(staking.BondedPoolName, supply.Burner, supply.Staking)
-	distrAcc := supply.NewEmptyModuleAccount(types.ModuleName, supply.Basic)
+	distrAcc := supply.NewEmptyModuleAccount(types.ModuleName)
 
 	keeper.supplyKeeper.SetModuleAccount(ctx, feeCollectorAcc)
 	keeper.supplyKeeper.SetModuleAccount(ctx, notBondedPool)
diff --git a/x/mint/internal/keeper/test_common.go b/x/mint/internal/keeper/test_common.go
index c26908ce2e..09d1b1ba3f 100644
--- a/x/mint/internal/keeper/test_common.go
+++ b/x/mint/internal/keeper/test_common.go
@@ -58,7 +58,7 @@ func newTestInput(t *testing.T) testInput {
 	accountKeeper := auth.NewAccountKeeper(types.ModuleCdc, keyAcc, paramsKeeper.Subspace(auth.DefaultParamspace), auth.ProtoBaseAccount)
 	bankKeeper := bank.NewBaseKeeper(accountKeeper, paramsKeeper.Subspace(bank.DefaultParamspace), bank.DefaultCodespace)
 	maccPerms := map[string][]string{
-		auth.FeeCollectorName:     []string{supply.Basic},
+		auth.FeeCollectorName:     nil,
 		types.ModuleName:          []string{supply.Minter},
 		staking.NotBondedPoolName: []string{supply.Burner, supply.Staking},
 		staking.BondedPoolName:    []string{supply.Burner, supply.Staking},
@@ -72,7 +72,7 @@ func newTestInput(t *testing.T) testInput {
 	mintKeeper := NewKeeper(types.ModuleCdc, keyMint, paramsKeeper.Subspace(types.DefaultParamspace), &stakingKeeper, supplyKeeper, auth.FeeCollectorName)
 
 	// set module accounts
-	feeCollectorAcc := supply.NewEmptyModuleAccount(auth.FeeCollectorName, supply.Basic)
+	feeCollectorAcc := supply.NewEmptyModuleAccount(auth.FeeCollectorName)
 	minterAcc := supply.NewEmptyModuleAccount(types.ModuleName, supply.Minter)
 	notBondedPool := supply.NewEmptyModuleAccount(staking.NotBondedPoolName, supply.Burner)
 	bondPool := supply.NewEmptyModuleAccount(staking.BondedPoolName, supply.Burner)
diff --git a/x/slashing/app_test.go b/x/slashing/app_test.go
index 82ba0659e0..acdc1e7e93 100644
--- a/x/slashing/app_test.go
+++ b/x/slashing/app_test.go
@@ -37,7 +37,7 @@ func getMockApp(t *testing.T) (*mock.App, staking.Keeper, Keeper) {
 
 	bankKeeper := bank.NewBaseKeeper(mapp.AccountKeeper, mapp.ParamsKeeper.Subspace(bank.DefaultParamspace), bank.DefaultCodespace)
 	maccPerms := map[string][]string{
-		auth.FeeCollectorName:     []string{supply.Basic},
+		auth.FeeCollectorName:     nil,
 		staking.NotBondedPoolName: []string{supply.Burner, supply.Staking},
 		staking.BondedPoolName:    []string{supply.Burner, supply.Staking},
 	}
@@ -69,7 +69,7 @@ func getEndBlocker(keeper staking.Keeper) sdk.EndBlocker {
 func getInitChainer(mapp *mock.App, keeper staking.Keeper, accountKeeper types.AccountKeeper, supplyKeeper types.SupplyKeeper) sdk.InitChainer {
 	return func(ctx sdk.Context, req abci.RequestInitChain) abci.ResponseInitChain {
 		// set module accounts
-		feeCollector := supply.NewEmptyModuleAccount(auth.FeeCollectorName, supply.Basic)
+		feeCollector := supply.NewEmptyModuleAccount(auth.FeeCollectorName)
 		notBondedPool := supply.NewEmptyModuleAccount(types.NotBondedPoolName, supply.Burner, supply.Staking)
 		bondPool := supply.NewEmptyModuleAccount(types.BondedPoolName, supply.Burner, supply.Staking)
 
diff --git a/x/slashing/test_common.go b/x/slashing/test_common.go
index 1a27a0d1f7..ac498e5a79 100644
--- a/x/slashing/test_common.go
+++ b/x/slashing/test_common.go
@@ -78,7 +78,7 @@ func createTestInput(t *testing.T, defaults Params) (sdk.Context, bank.Keeper, s
 
 	bk := bank.NewBaseKeeper(accountKeeper, paramsKeeper.Subspace(bank.DefaultParamspace), bank.DefaultCodespace)
 	maccPerms := map[string][]string{
-		auth.FeeCollectorName:     []string{supply.Basic},
+		auth.FeeCollectorName:     nil,
 		staking.NotBondedPoolName: []string{supply.Burner, supply.Staking},
 		staking.BondedPoolName:    []string{supply.Burner, supply.Staking},
 	}
@@ -91,7 +91,7 @@ func createTestInput(t *testing.T, defaults Params) (sdk.Context, bank.Keeper, s
 	genesis := staking.DefaultGenesisState()
 
 	// set module accounts
-	feeCollectorAcc := supply.NewEmptyModuleAccount(auth.FeeCollectorName, supply.Basic)
+	feeCollectorAcc := supply.NewEmptyModuleAccount(auth.FeeCollectorName)
 	notBondedPool := supply.NewEmptyModuleAccount(staking.NotBondedPoolName, supply.Burner, supply.Staking)
 	bondPool := supply.NewEmptyModuleAccount(staking.BondedPoolName, supply.Burner, supply.Staking)
 
diff --git a/x/staking/app_test.go b/x/staking/app_test.go
index cb4921e314..9a8e291e2e 100644
--- a/x/staking/app_test.go
+++ b/x/staking/app_test.go
@@ -27,7 +27,7 @@ func getMockApp(t *testing.T) (*mock.App, Keeper) {
 
 	bankKeeper := bank.NewBaseKeeper(mApp.AccountKeeper, mApp.ParamsKeeper.Subspace(bank.DefaultParamspace), bank.DefaultCodespace)
 	maccPerms := map[string][]string{
-		auth.FeeCollectorName:   []string{supply.Basic},
+		auth.FeeCollectorName:   nil,
 		types.NotBondedPoolName: []string{supply.Burner, supply.Staking},
 		types.BondedPoolName:    []string{supply.Burner, supply.Staking},
 	}
@@ -60,7 +60,7 @@ func getInitChainer(mapp *mock.App, keeper Keeper, accountKeeper types.AccountKe
 		mapp.InitChainer(ctx, req)
 
 		// set module accounts
-		feeCollector := supply.NewEmptyModuleAccount(auth.FeeCollectorName, supply.Basic)
+		feeCollector := supply.NewEmptyModuleAccount(auth.FeeCollectorName)
 		notBondedPool := supply.NewEmptyModuleAccount(types.NotBondedPoolName, supply.Burner, supply.Staking)
 		bondPool := supply.NewEmptyModuleAccount(types.BondedPoolName, supply.Burner, supply.Staking)
 
diff --git a/x/staking/keeper/test_common.go b/x/staking/keeper/test_common.go
index 3310815095..3defdfe898 100644
--- a/x/staking/keeper/test_common.go
+++ b/x/staking/keeper/test_common.go
@@ -125,7 +125,7 @@ func CreateTestInput(t *testing.T, isCheckTx bool, initPower int64) (sdk.Context
 	)
 
 	maccPerms := map[string][]string{
-		auth.FeeCollectorName:   []string{supply.Basic},
+		auth.FeeCollectorName:   nil,
 		types.NotBondedPoolName: []string{supply.Burner, supply.Staking},
 		types.BondedPoolName:    []string{supply.Burner, supply.Staking},
 	}
@@ -141,7 +141,7 @@ func CreateTestInput(t *testing.T, isCheckTx bool, initPower int64) (sdk.Context
 	keeper.SetParams(ctx, types.DefaultParams())
 
 	// set module accounts
-	feeCollectorAcc := supply.NewEmptyModuleAccount(auth.FeeCollectorName, supply.Basic)
+	feeCollectorAcc := supply.NewEmptyModuleAccount(auth.FeeCollectorName)
 	notBondedPool := supply.NewEmptyModuleAccount(types.NotBondedPoolName, supply.Burner, supply.Staking)
 	bondPool := supply.NewEmptyModuleAccount(types.BondedPoolName, supply.Burner, supply.Staking)
 
diff --git a/x/supply/alias.go b/x/supply/alias.go
index 77ee6f8b29..9bc7f5f135 100644
--- a/x/supply/alias.go
+++ b/x/supply/alias.go
@@ -15,7 +15,6 @@ const (
 	StoreKey     = types.StoreKey
 	RouterKey    = types.RouterKey
 	QuerierRoute = types.QuerierRoute
-	Basic        = types.Basic
 	Minter       = types.Minter
 	Burner       = types.Burner
 	Staking      = types.Staking
diff --git a/x/supply/internal/keeper/bank_test.go b/x/supply/internal/keeper/bank_test.go
index 187ccf4a67..e1701b653b 100644
--- a/x/supply/internal/keeper/bank_test.go
+++ b/x/supply/internal/keeper/bank_test.go
@@ -12,10 +12,10 @@ import (
 const initialPower = int64(100)
 
 var (
-	holderAcc     = types.NewEmptyModuleAccount(types.Basic, types.Basic)
+	holderAcc     = types.NewEmptyModuleAccount(holder)
 	burnerAcc     = types.NewEmptyModuleAccount(types.Burner, types.Burner)
 	minterAcc     = types.NewEmptyModuleAccount(types.Minter, types.Minter)
-	multiPermAcc  = types.NewEmptyModuleAccount(multiPerm, types.Basic, types.Burner, types.Minter)
+	multiPermAcc  = types.NewEmptyModuleAccount(multiPerm, types.Burner, types.Minter, types.Staking)
 	randomPermAcc = types.NewEmptyModuleAccount(randomPerm, "random")
 
 	initTokens = sdk.TokensFromConsensusPower(initialPower)
@@ -44,7 +44,7 @@ func TestSendCoins(t *testing.T) {
 	keeper.SetModuleAccount(ctx, burnerAcc)
 	ak.SetAccount(ctx, baseAcc)
 
-	err = keeper.SendCoinsFromModuleToModule(ctx, "", types.Basic, initCoins)
+	err = keeper.SendCoinsFromModuleToModule(ctx, "", holderAcc.GetName(), initCoins)
 	require.Error(t, err)
 
 	require.Panics(t, func() {
@@ -54,12 +54,12 @@ func TestSendCoins(t *testing.T) {
 	err = keeper.SendCoinsFromModuleToAccount(ctx, "", baseAcc.GetAddress(), initCoins)
 	require.Error(t, err)
 
-	err = keeper.SendCoinsFromModuleToAccount(ctx, types.Basic, baseAcc.GetAddress(), initCoins.Add(initCoins))
+	err = keeper.SendCoinsFromModuleToAccount(ctx, holderAcc.GetName(), baseAcc.GetAddress(), initCoins.Add(initCoins))
 	require.Error(t, err)
 
-	err = keeper.SendCoinsFromModuleToModule(ctx, types.Basic, types.Burner, initCoins)
+	err = keeper.SendCoinsFromModuleToModule(ctx, holderAcc.GetName(), types.Burner, initCoins)
 	require.NoError(t, err)
-	require.Equal(t, sdk.Coins(nil), getCoinsByName(ctx, keeper, types.Basic))
+	require.Equal(t, sdk.Coins(nil), getCoinsByName(ctx, keeper, holderAcc.GetName()))
 	require.Equal(t, initCoins, getCoinsByName(ctx, keeper, types.Burner))
 
 	err = keeper.SendCoinsFromModuleToAccount(ctx, types.Burner, baseAcc.GetAddress(), initCoins)
diff --git a/x/supply/internal/keeper/test_common.go b/x/supply/internal/keeper/test_common.go
index 285492510c..5370d0c160 100644
--- a/x/supply/internal/keeper/test_common.go
+++ b/x/supply/internal/keeper/test_common.go
@@ -25,6 +25,7 @@ import (
 var (
 	multiPerm  = "multiple permissions account"
 	randomPerm = "random permission"
+	holder     = "holder"
 )
 
 // nolint: deadcode unused
@@ -78,10 +79,10 @@ func createTestInput(t *testing.T, isCheckTx bool, initPower int64, nAccs int64)
 	createTestAccs(ctx, int(nAccs), initialCoins, &ak)
 
 	maccPerms := map[string][]string{
-		types.Basic:  []string{types.Basic},
+		holder:       nil,
 		types.Minter: []string{types.Minter},
 		types.Burner: []string{types.Burner},
-		multiPerm:    []string{types.Basic, types.Minter, types.Burner},
+		multiPerm:    []string{types.Minter, types.Burner, types.Staking},
 		randomPerm:   []string{"random"},
 	}
 	keeper := NewKeeper(cdc, keySupply, ak, bk, DefaultCodespace, maccPerms)
diff --git a/x/supply/internal/types/account_test.go b/x/supply/internal/types/account_test.go
index 214c847a76..d7015c8f2a 100644
--- a/x/supply/internal/types/account_test.go
+++ b/x/supply/internal/types/account_test.go
@@ -13,7 +13,7 @@ import (
 
 func TestModuleAccountMarshalYAML(t *testing.T) {
 	name := "test"
-	moduleAcc := NewEmptyModuleAccount(name, Basic, Minter, Burner)
+	moduleAcc := NewEmptyModuleAccount(name, Minter, Burner, Staking)
 	moduleAddress := sdk.AccAddress(crypto.AddressHash([]byte(name)))
 	bs, err := yaml.Marshal(moduleAcc)
 	require.NoError(t, err)
@@ -29,7 +29,7 @@ func TestModuleAccountMarshalYAML(t *testing.T) {
   - %s
   - %s
   - %s
-`, moduleAddress, name, Basic, Minter, Burner)
+`, moduleAddress, name, Minter, Burner, Staking)
 
 	require.Equal(t, want, string(bs))
 	require.Equal(t, want, moduleAcc.String())
@@ -40,29 +40,29 @@ func TestRemovePermissions(t *testing.T) {
 	macc := NewEmptyModuleAccount(name)
 	require.Empty(t, macc.GetPermissions())
 
-	macc.AddPermissions(Basic, Minter, Burner)
-	require.Equal(t, []string{Basic, Minter, Burner}, macc.GetPermissions(), "did not add permissions")
+	macc.AddPermissions(Minter, Burner, Staking)
+	require.Equal(t, []string{Minter, Burner, Staking}, macc.GetPermissions(), "did not add permissions")
 
 	err := macc.RemovePermission("random")
 	require.Error(t, err, "did not error on removing nonexistent permission")
 
 	err = macc.RemovePermission(Burner)
 	require.NoError(t, err, "failed to remove permission")
-	require.Equal(t, []string{Basic, Minter}, macc.GetPermissions(), "does not have correct permissions")
+	require.Equal(t, []string{Minter, Staking}, macc.GetPermissions(), "does not have correct permissions")
 
-	err = macc.RemovePermission(Basic)
+	err = macc.RemovePermission(Staking)
 	require.NoError(t, err, "failed to remove permission")
 	require.Equal(t, []string{Minter}, macc.GetPermissions(), "does not have correct permissions")
 }
 
 func TestHasPermissions(t *testing.T) {
 	name := "test"
-	macc := NewEmptyModuleAccount(name, Basic, Minter, Burner)
+	macc := NewEmptyModuleAccount(name, Staking, Minter, Burner)
 	cases := []struct {
 		permission string
 		expectHas  bool
 	}{
-		{Basic, true},
+		{Staking, true},
 		{Minter, true},
 		{Burner, true},
 		{"other", false},
diff --git a/x/supply/internal/types/permissions.go b/x/supply/internal/types/permissions.go
index ffb8cf492b..8547235003 100644
--- a/x/supply/internal/types/permissions.go
+++ b/x/supply/internal/types/permissions.go
@@ -9,7 +9,6 @@ import (
 
 // permissions
 const (
-	Basic   = "basic"
 	Minter  = "minter"
 	Burner  = "burner"
 	Staking = "staking"
diff --git a/x/supply/internal/types/permissions_test.go b/x/supply/internal/types/permissions_test.go
index 2612d3e0ed..fad1408ae3 100644
--- a/x/supply/internal/types/permissions_test.go
+++ b/x/supply/internal/types/permissions_test.go
@@ -8,21 +8,20 @@ import (
 
 func TestHasPermission(t *testing.T) {
 	emptyPermAddr := NewPermissionsForAddress("empty", []string{})
-	has := emptyPermAddr.HasPermission(Basic)
+	has := emptyPermAddr.HasPermission(Minter)
 	require.False(t, has)
 
 	cases := []struct {
 		permission string
 		expectHas  bool
 	}{
-		{Basic, true},
 		{Minter, true},
 		{Burner, true},
 		{Staking, true},
 		{"random", false},
 		{"", false},
 	}
-	permAddr := NewPermissionsForAddress("test", []string{Basic, Minter, Burner, Staking})
+	permAddr := NewPermissionsForAddress("test", []string{Minter, Burner, Staking})
 	for i, tc := range cases {
 		has = permAddr.HasPermission(tc.permission)
 		require.Equal(t, tc.expectHas, has, "test case #%d", i)
@@ -37,9 +36,9 @@ func TestValidatePermissions(t *testing.T) {
 		expectPass  bool
 	}{
 		{"no permissions", []string{}, true},
-		{"valid permission", []string{Basic}, true},
+		{"valid permission", []string{Minter}, true},
 		{"invalid permission", []string{""}, false},
-		{"invalid and valid permission", []string{Basic, ""}, false},
+		{"invalid and valid permission", []string{Staking, ""}, false},
 	}
 
 	for i, tc := range cases {