Base Protocol The Next Generation of Future ~ Review
About Base Protocol
Base Protocol project have the real use-case platforms which is the best thing of this project. The platform is the most useful part of this project which push Base to a new height. The company is actively developing and will be able to help hold new promising tournaments, startups receive both financial support and even more users without traditional centralized restrictions!
My opinion about the Base Protocol this will be the best in the crypto industry. The project is very promising for solution today and in the future.
The Base Protocol (BASE) is a synthetic crypto asset that derives its price from the total market cap of all
cryptocurrencies (cmc) at a ratio of 1 : 1 trillion. BASE exists to maintain a market rate that is stably pegged to its
underlying asset the crypto industry. BASE’s peg to cmc is held stable through an elastic supply protocol. This protocol utilizes rebasing, a process which expands or contracts token supply to correct price. The Base Protocol acts as a one-stop trading instrument which allows holders to speculate on all cryptocurrencies
simultaneously, rather than just one or a select portfolio of multiple. It allows traders to agnostically invest in the
entire crypto ecosystem. This is its primary function.The Base Protocol can also be used as a tool for more nuanced trading situations.
The Base Protocol is the world’s first and only tokenized cryptocurrency market tracker. By holding BASE tokens, users can get exposure to the performance of the entire cryptocurrency market. Unlike the index trackers currently operating in the traditional markets, there is no entry or exit fee or brokerage charges.
Index funds have consistently outperformed actively managed mutual funds. Until the launch of BASE, there was no real cryptocurrency market tracker that tracked the performance of the entire digital asset market. BASE will be useful for institutional investors and traders to diversify and hedge their crypto portfolios. BASE will also help new and existing retail investors to take out the guesswork and get exposed to the growth of all current and future digital assets entering the market.
How it works:
- syn·thet·ic
- e·las·tic
- re·base
- cas·cade
syn·thet·ic
A synthetic asset is one whose properties have the same effect and value as another asset. BASE is a synthetic asset engineered to simulate the market patterns of its underlying asset - all cryptocurrencies. This allows users to agnostically speculate on every token, rather than just one or a select portfolio of multiple.
e·las·tic
BASE is built on an elastic supply protocol which programmatically expands/contracts token supply to achieve target price equilibrium. BASE's target price is one trillionth the total market capitalization of all cryptocurrencies: (cmc) x 0.1^12. When BASE market price (bmp) = (cmc x 0.1^12), BASE is at equilibrium. When this equilibrium is disrupted, token supply is adjusted.
re·base
Rebases occur when bmp ≠ (cmc x 0.1^12).
When bmp > (cmc x 0.1^12), expansion rebase occurs. When bmp < (cmc x 0.1^12), contraction rebase occurs. Expansion creates new supply, decreasing scarcity and driving price down its target. Contraction destroys supply, increasing scarcity and driving price up to its target.
cas·cade
Users will be able to buy BASE at its Uniswap liquidity pool. The Base Cascade rewards users who stake their BASE in the liquidity pool. The Cascade issues rewards based on how long a user stakes their tokens in the pool – where the more liquidity provided, and for longer, the greater share of the pool they receive.
Use Cases
Crypto Index
The Base Protocol acts as a one-stop trading instrument which allows holders to speculate on the entire crypto industry simultaneously, rather than just one token or a select portfolio of multiple. This should be valuable for outsiders interested in crypto investing who don’t know which assets they “should” buy. It will also be useful for institutional investors seeking to diversify crypto exposure to the entire industry, and general crypto traders looking to hedge or diversify their investments.Safe Haven
Bace can be used as a safe haven position between crypto transactions. Typically, one might trade into a “blue chip” crypto to reduce risk exposure. Trading into BASE mitigates the inherent risk of holding one coin, while absorbing the potential gains of several others. So far, the most popular safe haven crypto asset is Bitcoin, as it generally leads industry direction and is historically the least volatile. The ability to “hold” the entire crypto market should present a useful trading alternative.Collateral Asset
Bace can be used as a collateral asset to hedge on leveraged crypto trading. Say a trader borrows 100 BASE to buy an altcoin, and that altcoin plummets alongside a bearish trend in crypto markets. When the trader pays their 100 BASE back to the lender, he notices the value of that BASE also dropped – correspondent to the crypto market. This means that when he pays the loan back, he only absorbs the loss he took that was in excess of the overall loss in the market. In this way, BASE can be used as a strategic hedging instrument for crypto-focused portfolios trading on leverage.Reference
Bace can be useful as a price reference for any cryptocurrency. If a trader is speculating on an altcoin (x), he will often track price in terms of x/BTC rather than x/USD. This price reference illustrates how the altcoin performs relative to BTC rather than USD, which is the more important data for many crypto traders. If the trader instead uses x/BASE as their price reference, it would illustrate how x performs relative to the overall crypto market, rather than just BTC. The x/BASE price reference should present a valuable alternative to the popular x/BTC price reference.
Rabasing
Rebasing is a powerful innovation. However, most rebase projects haven’t utilized this innovation for its highest potential. Rather, these projects have simply facilitated DeFi money games that don’t create fundamental value. The purpose of this article is to make one thing clear Base Protocol is not one of those projects. BASE is a token whose price is pegged to the total market cap of all cryptos. This gives traders the ability to speculate on the entire crypto industry as though it were an index like the S&P 500 or NASDAQ. This is a powerful use case one which shouldn’t be obscured by the “degen” stigma associated with other rebase projects.
Tokens Economics
BASE tokens reserved for future ecosystem objectives like
partnerships, marketing, exchange listings, hiring, etc.
• Tokens vested over 36 months
• 2.77% released instantly
• 2.78% released monthly
Token Supply
- Total Supply : 8,382,939 BASE
- Initial Circulating Supply : Less than 15% of Total supply = 1,749,266 BASE
- Initial Liquidity : (5.80 % of supply) = 400,000 BASE
- Ecosystem : 21.80 % = 1,851,516 BASE
- Team : 9.30 % = 789,798 BASE
- Advisors : 4.62 % = 392,019 BASE
- Initial Cascade Rewards : 4.64 % = 393,940 BASE
Initial Liquidity | 4.77% | 400,000 BASE
BASE tokens immediately deployed on Uniswap to provide
initial liquidity at launch.
• 100% of tokens released instantly
• 100% of tokens deployed to liquidity pool
• Total liquidity at launch : $320,000
Initial Cascade Rewards | 4.70% | 393,940 BASE
BASE tokens allocated for the game changing liquidity staking rewards program: the BASE Cascade. This is a “launchpad” allocation. The BASE Cascade replenishes itself at every rebase, making it a uniquely self-sustaining liquidity staking program. The initial Cascade rewards are a provisional allocation to incentivize early adoption for liquidity staking.
• Tokens reserved and not circulating until Cascade launch
• Tokens deployed into Cascade rewards pool after the first Base Protocol rebase
Roadmap
2021 | Quarter 1 | Execution
Active CEX outreach, correspondence and listings.
Execute large-scale post launch Base Protocol marketing campaign.
Begin development on BASE brokerage site where anyone can buy BASE for fiat.
Perform protocol updates and expand Base Protocol development team.
Engage BASE governance proposals, votes, and action items.2021 | Quarter 2 | Exploration
Explore the creation of a Base Protocol DEX, where BASE is the price basis for all pairs (x/BASE).
Propose BASE as a price basis for crypto pairs on popular DEXs.
Explore BASE as a collateral asset for hedged lending.
Engage BASE governance proposals, votes, and action items.2021 | Quarter 3 | Expansion
Large-scale outreach to institutional investors to propose BASE as a diversified crypto investment vehicle.
Consider the creation of a foundation layer rebase token creation platform.
Engage BASE governance proposals, votes, and action items.2021 | Quarter 4 | Launch
Execute BASE token sales, community lottery round, and token distribution.
Integrate Chainlink oracle for total crypto market cap in partnership with Chainlink as node operator.
Launch the BASE Cascade DeFi liquidity staking rewards program.
Provide initial liquidity on Uniswap and integrate with other popular DEXs.
Establish BASE governance protocol and launch initial proposals.
Team
Partners
I really like the line concept of their device inside, true professional, friendly staff and most importantly the idea with a promising future. This is one of my locale's preferred project and I think it has incredible potential for the future. so set aside the effort to comprehend the extend and contribute it at this moment.
#Defi $BASE #DuckDao #Uniswap
For More Info Visit :
Website : https://www.baseprotocol.org/
Whitepaper : https://drive.google.com/file/d/1O9V4vjygGmno90NAXSDtj9IwZAelZCsj/view
Twitter : https://twitter.com/baseprotocol
Telegram : https://t.me/baseprotocol
PreSale Aplication : https://www.baseprotocol.org/presale
DisCord : https://discord.gg/rsPCcYV
Medium : https://medium.com/@BaseProtocol
YouTube : https://www.youtube.com/channel/UCfiacHaKd98kNLSRbc-4qnw
Author
My Bitcointalk Username: Kalpesh2872
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2707027
ETH Wallet Address: 0xc1fB832B00920C8e8E1C7B7E69888B4Ef87fFC6c