Introduce
The change in total token supply is called "rebases," occur due to market demand and are executed in such a way that users' holdings don't change and aren't weakened. Rebases are executed at a particular fixed price, in order to adjust the current price.Base protocol have technology to programming code is open-source and accessible on the Base GitHub and the foundation updates this repository as new developments are made. The Base Protocol is built on the Ethereum blockchain,integrates a Chainlink oracle,and will launch on Uniswap.
Base Protocol is a protocol that is also a digital asset wherein you as a cryptocurrency enthusiast and believer buys the $BASE token to track the entire cryptocurrency market and its market cap as a whole. It is on the BASE protocol website that the price of each BASE tokens is pegged to the total market cap of crypto capitalization with a ratio of 1:1 trillion.For every $1 USD worth of BASE, is 1 trillion in total market cap of the entire crypto market and if the entire crypto market capitalization goes 2 trillion USD,then each BASE will also become $2 USD.If the market cap of the crypto is only 0.5 trillion USD, then the BASE token will only be $0.5 USD.So it is simple to understand.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.Base Protocol can also be used as a tool for more nuanced trading situations and it allows traders to agnostically invest in the entire crypto ecosystem.
Base Protocol features:
ELASTIC
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.
REBASE
Supply expansions / contractions are called rebases.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.
SYNTHETIC
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.
CASCADE
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.
Base Protocol 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 in Crypto holdings
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 and Price Basis
As a trader in crypto, most of the base pairs are either BTC, ETH, XRP, LTC, and etcetera. Base Protocol's vision and one of the missions is to have the BASE protocol token to be a base pair when trading. Because if the BASE token will be the base pair, You will be more accurate in checking the market health whether it is bullish or bearish.BASE can be used as a strategic hedging instrument for crypto-focused portfolios trading on leverage.
Rebasing
For any different crypto asset very difficult to understand for a new user,but understand BASE is not hard becouse it’s the way to invest in all of those crypto assets and in this way, the Base Protocol can become an instrumental force in driving new adoption in the blockchain space.So holding BASE, institutional investors will gain exposure to the entire cryptocurrency industry an objectively more diversified alternative.Most rebase projects haven’t utilized rebasing and this highest potential.A lot of projects have simply facilitated DeFi money games that don’t create fundamental value.
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
• Tokens reserved and not circulating until Cascade launch
• Tokens deployed into Cascade rewards pool after the first Base Protocol rebase
By holding BASE in essence, the entire crypto industry — you guarantee that you won’t completely miss out on these project and is designed to increase in value over time.BASE can be used as a safe haven position between crypto transactions and trading into BASE mitigates the inherent risk of holding one coin, while absorbing the potential gains of several others.
TEAM
ROADMAP
If you wanted to apply for the presale, you may go here to this link:
https://www.baseprotocol.org/presale
For more information on this project see the link below:
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
Proof Of Authentication link: https://bitcointalk.org/index.php?topic=5284450.msg55714915#msg55714915
BTT profile link- https://bitcointalk.org/index.php?action=profile;u=2872883