The Blockchain technology when it was invented was poised to steer in the decentralized era by making a general community of people everywhere across the globe where financial value can be exchanged between individuals without government obstruction and one in which the users are additionally incentivize for the part they play to make and power decentralized economies of future the Blockchain.

Introducing Base Protocol

Rebasing is a ground-breaking advancement in the crypto space. However, most rebase projects haven't used this advancement for its most noteworthy potential. The motivation behind this article is to make one thing understood — Base Protocol isn't one of those mediocre projects.

BASE is a project whose token price is fixed to the absolute market cap of all cryptos. This enables traders to estimate on the whole crypto industry like it was an index like the S&P 500 or NASDAQ of the traditional financial market.

The Base Protocol (BASE) is an synthetic crypto token whose price is fixed to the complete market cap of all cryptocurrencies at a proportion of 1:1 trillion. BASE permits traders to rationally invest in the whole crypto industry with one token. Example; if the value of entire crypto market cap is $400B, then the price of 1 BASE is $0.4, or if the entire crypto market is worth $750B, then the price of 1 BASE is $0.75.

The Base Protocol perform as a one-stop trading instrument which permits holders to invest on the whole crypto industry concurrently, as opposed to only one token or a select few portfolio. This should be significant for investors inspired to invest in crypto but don't know which assets they "should" purchase. Likewise, it will be helpful for institutional investors trying to diversify their investment portfolio by tapping into the crypto market and crypto investors trying to hedge their investments.

How does it work?

Synthetic

A synthetic asset is an asset whose properties have a similar impact and value as another asset. BASE is a synthetic asset designed to mimic the market examples of its fundamental asset – all cryptocurrencies. This permits consumer to rationally speculate on each token, instead of only one or a selected few portfolio.

Elastic

BASE is based on a flexible supply protocol which automatically enlarges/contracts token supply to accomplish target price balance. BASE's objective price is one trillionth the all out market capitalization of all cryptocurrencies: (cmc) x 0.1^12. At the point when BASE market price (bmp) = (cmc x 0.1^12), BASE is at equilibrium. At the point when this equilibrium is interupted, token supply is automatically amended.

Rebase

The Supply expansions and contractions are called rebases.

Rebases happen when bmp ≠ (cmc x 0.1^12). Note that, Bmp (Base Market Price) and cmc (Crypto Market Cap)

When bmp > (cmc x 0.1^12), expansion rebase happens. When bmp < (cmc x 0.1^12), contraction rebase happens. Expansion makes new supply, diminishing shortage and driving price down its target. Contraction diminishes supply, expanding shortage and driving price up to its target.

Cascade

Base users will have the option to purchase 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 pool is shared based on the quantity and longevity of the liquidity provided

Tokenomics

Team

Partnership

The Base Protocol team is working tirelessly to develop the project and seal the best partnerships for the project. They are putting in so much effort to promote the project by meeting up with top crypto analyst and influencers to conduct AMA to convince more people and investors to adopt BASE. In the past week, the team was able to secure mouth watering partnership with PlasmaPay and Chainlink. They also have a partnership with Blockpass to help perform KYC for presale investors.

To learn more about Base Protocol, consult the following link

Website: https://www.baseprotocol.org/

Twitter: https://twitter.com/baseprotocol

Telegram: https://t.me/baseprotocol

Presale Application: https://www.baseprotocol.org/presale

Whitepaper: https://drive.google.com/file/d/1O9V4vjygGmno90NAXSDtj9IwZAelZCsj/view

Litepaper: https://drive.google.com/file/d/1yy2ZySspCxdsqawOTcvgPyuY7fnp_hVT/view?usp=sharing

BTT Username: adekogbe

BTT Url: https://bitcointalk.org/index.php?action=profile;u=1556229

ETH Address: 0x3db9E8a4015F443948D82547E09D32155b4A450f