the S&P 500 of crypto; launching November 30th
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Base Protocol (BASE) is a token whose price is pegged to the total market cap of all cryptocurrencies at a ratio of 1 : 1 trillion. BASE allows traders to speculate on the entire crypto industry with one token.
If crypto market cap is $450B, BASE is $0.45.
If crypto market cap is $800B, BASE is $0.80.

How It Works

syn·thet·ic

/sinˈTHedik/

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

/əˈlastik/

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

/rēˈbās/

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.

cas·cade

/kaˈskād/

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

/ˈinˌdeks/

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.

Borrowable Asset

/kəˈladərəl

BASE can be used as a borrowable asset to hedge on leveraged crypto trading. Say a trader borrows 100 BASE to buy an altcoin, and that altcoin plummets alongside a bearish crypto market. 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.

Safe Haven

/ˈhāvən/

BASE 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.

Price Basis

/ˈref(ə)rəns/

BASE can be useful as a base pair 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.

Crypto Index

/ˈinˌdeks/

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

/ˈhāvən/

BASE 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

/kəˈladərəl

BASE 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.

Price Reference

/ˈref(ə)rəns/

BASE 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.

Token Sale

Tokenomics

The Base Protocol team has put together a 3 page document which details the token sale stages, total supply breakdown, and vesting schedules for all allocations. We encourage you to learn more about BASE token economics through this document:

Supply Allocation

Technology

Programming

Base Protocol code is open-source and accessible on the Base GitHub. The foundation updates this repository as new developments are made.

Integrations

The Base Protocol is built on the Ethereum blockchain, integrates a Chainlink oracle, and will launch on Uniswap.

Team

Nick Ravanbakhsh
Operations

Dylan Senter
Commercial & BD

Chris Peña
Development

Based McGee
Development