BASE PROTOCOL; Project Analysis

cryptobrzy (38)in #cryptocurrency • 3 years ago

INTRODUCTION

The Blockchain technology is barely over a decade old is has already gain traction in its application and adoption globally. Lately, numerous sectors and companies have tapped into the cryptocurrency market by developing their own unique decentralized platforms with the sole purpose of offering different types of services and solutions to varying problems in our world today.

BASE PROTOCOL

Base Protocol is an innovative cryptocurrency asset that gets its price from the total market capitalization of all cryptocurrencies at a proportion of 1:1 trillion. The BASE token exist to keep up a market rate that is steadily attached to the underlying asset as the crypto market, in this manner the basis for crypto asset will be kept stable through an elastic supply protocol. Base Protocol acts as a single trading instrument that allows holders and traders to speculate on the whole cryptocurrency market through a single token (BASE). Base Protocol serves as a safe haven for crypto users and investors to invest and transact with crypto by reducing risk exposure and hedging against isolated and unforeseen risk.

The Vision

There are a lot of users and investors looking to take advantage of the crypto market to make money or diversify their portfolio but do not know how to do it or the exact crypto asset to buy, as there are over 7000 coin/tokens in the crypto market. Base protocol looks to solve this problem by providing a token (BASE) that allows investors to speculate and invest in the entire crypto market by invest in it. The price of BASE is pegged against the overall crypto market at the ratio 1:1 trillion, i.e. if the total crypto market cap is $750B then the price of one BASE is $0.75. So investors do not need to stress about finding the best and less risky coin/token to invest in, they just need to invest in and hold BASE to have the representation of the whole crypto market. BASE has so much potential to be the driving force for mass crypto adoption, as it solves the major problems limiting the adoption of the market.

Tokenomics

The Basic Protocol team has assembled a 3 page document detailing the stages of the token sale, details of the total supply, and vesting schedule for all allocations. I encourage you to go through the document to learn more about the BASE token metrics.