Dharmawangsa Teguh: Base Protocol Token

Why choose BASE?

It's no uncertainty that a crypto industry ETF would be a significant item for speculators. Be that as it may, it is trying to make such an item through customary methods, as it would be practically difficult to oversee portfolio responsibility for resources. How might the portfolio director gauge responsibility for resource as market cap predominance changes? How might they represent recently entering/leaving resources? Who might take on all the related exchange and custodial charges? There are likewise different legitimate constraints that confine the arrangement of such an instrument in numerous nations and regardless of whether it could be framed, it would be a profoundly unified item.

By essentially fixing cost to the absolute market capitalization of all digital currencies, the Base Protocol slices through these issues. BASE gives holders a similar capacity as a customary industry ETF without the entirety of the brought together difficulties that make such an ETF unthinkable. BASE will offer new an incentive for speculators in the digital money biological system through a carefully straightforward convention so important thus basic.

This task couldn't be accomplished without a powerful decentralized blockchain, demonstrated prophet combinations, and new advancements in the DeFi space. We established the Base Protocol to expand on these developments and make BASE; one tokenized resource that speaks to theory on all digital currencies.

Vision

We've seen that there are numerous people who need to put resources into digital currencies, however don't really see how they work. While the review for each extraordinary crypto resource can be hard to comprehend for another client, the pitch for BASE is straightforward: it's the best approach to put resources into those crypto resources at the same time. Along these lines, the Base Protocol can turn into an instrumental power in driving new selection in the blockchain

#BaseProtocol $BASE #Gains #DeFi #Ethereum #Crypto #AMA

Token Economics
Total Token Supply : 8,493,221 BASE

This is the total supply of BASE tokens at the time of launch.

Initial Circulating Supply : 1,859,548 BASE

Most tokens sold in the fundraise and allocated for the ecosys-

tem are locked/vested, so the initial circulating supply of BASE

is less than 25% of total supply. The Base Protocol fundraise is

set up to only allow investors who demonstrate strategic value

and a long-term interest in the future of the project.

Initial Market Cap at List Price : $650,842

We’ve put a lot of consideration in structuring the project bud-

get to keep the total raise limited and the initial market cap as

low as possible, while still raising enough for a properly funded

launch and at least three years of runway.

Initial Liquidity : 492,424 BASE

These tokens (5.8% of supply) are allocated for initial Uniswap

liquidity. These tokens are matched with an equal value of ETH

recieved in fundraising, equating to $344,696 in liquidity at launch.

Token Economics
Operational Reserves 46% Supply

Ecosystem | 21.80% | 1,851,516 BASE

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

Team | 9.30% | 789,798 BASE

BASE tokens reserved for the Base Protocol team. Team tokens

are locked and vested to demonstrate long-term commitment.

• Tokens locked for 12 months

• After lockup, tokens are vested over 12 months

• 9.09% released monthly

Advisors | 4.62% | 392,019 BASE

BASE tokens reserved for the Base Protocol advisory board.

These tokens are vested to demonstrate long-term commitment.

• Tokens vested over 12 months

• 8.33% released instantly

• 8.33% released monthly

Initial Liquidity | 5.80% | 492,424 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 : $344,696

Initial Cascade Rewards | 4.64% | 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 in-

centivize 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

#BaseProtocol $BASE #Gains #DeFi #Ethereum #Crypto #AMA

Team
Chris Peña — Development
Chris has been programming professionally for almost 10 years. He has had the opportunity to develop and implement innovative systems that span across several industries; blockchain, natural gas, electric, real estate, virtual reality, and payment / identity verifications. He is also known for his YouTube channel, Learn with Coffee (18k+ subscribers), where he live codes apps and teaches programming through in-depth video tutorials. Chris is an excellent programmer and also has extensive experience managing development teams.

Nick Ravanbakhsh — Community
Nick has years of experience managing / consulting tech projects. He has been active in the blockchain space since 2015 and founded his first crypto project in 2017. He has run multiple startups and has been an entrepreneur for his entire career. He represented the University of Houston at several business plan competitions across the US, where he achieved national recognition for various awards he won. Nick currently supports himself as an Airbnb property manager, where he passively generates $250k+/ yearly revenue through a portfolio of vacation rentals.

Dylan Senter — Marketing
Dylan is a lifelong entrepreneur who has specialized in ecommerce and cryptocurrency based companies. He has been active in the crypto space since 2014 and has spoken on multiple panels at different crypto conferences throughout the US and across the world. Dylan has consulted for over 50 clients across different ecommerce, blockchain, and technology projects. He currently runs an ecommerce store with over $1m in annual sales. Dylan uses his extensive online product marketing experience to plan and carry out Base Protocol marketing efforts.

Based McGee — Development
McGee is an experienced full-stack developer and devops engineer, responsible for Base Protocol’s infrastructure, security, and decentralized application user experience. His 10 years of experience in software engineering have led him to work with projects in many fields from finance to adtech. McGee has been working in the blockchain/decentralization space since the launch of Ethereum.

Experiences in Crypto
Collectively, this team has been active in the cryptocurrency space since 2013. In that time, we’ve had the opportunity to work on several blockchain projects in development, consulting, and advisory roles. One project Dylan, Nick, and Chris worked on was Spectiv (SIG) — a decentralized application that enables users to create ad campaigns on a marketplace where bounty hunters can promote ad content for rewards, administered via smart contract. The platform is called the Signal Marketplace and its first adopter was Spectiv VR, a virtual reality streaming platform.

We launched the project in late 2017 and ended it in early 2020. As you might be aware, the crypto markets endured a jarring downfall over that time. Many projects — even those who followed through on developments, built functional products, and maintained positive community sentiment — didn’t survive that downfall. Spectiv was one of those projects.

We and many members of the retired Spectiv community reflect fondly on the project. We built an innovative decentralized ad platform, made major industry partnerships, and maintained a spirited community culture over its lifespan. We also set an unprecedented standard for transparency — for example, by publicizing all organization expenditures and tax documents. Although Spectiv was on the tram lines to an industry collapse, the project was conducted with grace, excellence, and honesty. No Spectiv founder ever sold any team tokens at any point in the project’s existence.

As markets took a turn for the worse, we did everything we could to weather the storm. We downsized the team, switched to remote working, cut out all noncritical expenses, and Nick/Dylan did not take a salary at any point from 2018–2020. As time went by and markets held low, we foresaw that reserves wouldn’t be able to support hosting/development costs much longer, and that it wasn’t prudent for us to continue expending capital to maintain a sinking ship. We elected to refund all remaining ETH holdings to token buyers. Without compensating ourselves, we refunded all of ~1000 ETH in January of 2020.

In short, we’ve managed projects through favorable and adverse conditions — but we have always held ourselves to the highest standard of integrity no matter the circumstances. This standard has applied for everything we’ve done and applies now for the Base Protocol. We felt it was important to share this so token purchasers have the most complete, transparent information we can make available. We also hope it demonstrates our team’s past experience and virtues in launching a new token project.

Connecting Team, Technology, & ILO
BASE founders don’t stand to benefit very much in the short-term; our incentives are set up for long-term adoption. Founder tokens are locked up for 12 months, and then vested linearly over 12 months following the lock up. As the Base Protocol network grows, supply expansions occur, and a fraction of those expansions is minted and issued to the Base Ecosystem Pool (see whitepaper; section 4.3). This means BASE development is only capitalized as new adoption occurs. This is how long-term BASE developments are supported — if the protocol achieves traction, we will have proportionately sufficient reserves to build on it. To put it simply, we only win when the protocol wins.

Summation
This is the Base Protocol team. We bring extensive crypto experience to the project and will always prioritize responsibility, transparency, and community first. Although we would like to shift attention away from the team in the future, we believe going public is what’s best for the community at launch.