First and foremost base Protocol is unique, it is without a doubt one of the most exciting project with potentials capable of positively changing the crypto-space.
Base Protocol is essentially an S & P 500 index fund for the entire coin market cap, it's price is pegged to the total market cap of all cryptocurrencies at a ratio of 1:1 trillion. It gives traders the opportunity to accurately speculate on the entire crypto-space using just one one base token. If the current market cap is $700 billion then base will be 70 cents these looks pretty simple but it's much more better than this, if you believe in the future of cryptocurrencies then I encourage you to watch out for base Protocol by doing your own research, this essentially the first project that is creating an index token of the crypto-industry, it's has four (4) component namely:
(1) Synthetic: this is designed to simulate the market pattern of it's underlying asset which is the total marketcap, it allows users to agnostically speculate on the entire coin marketcap, imagine what it will take to speculate on the entire coin marketcap holding over 2000 coins, you will have to own a certain percentage of this assets which is impossible, so base Protocol uses a rebase technology to ensure elastic supply.
(2) Cascade: the Cascading provides modalities for rewarding investors who hold or stake base tokens long term.Customers will have the option of buying base token at Uniswap exchange liquidity pool, staking base token on Uniswap comes with mouth-watering rewards, this rewards are dependent on the duration of staking
(3) ELASTIC: BASE depends on an adaptable nimbly show which consequently broadens/contracts token deftly to achieve target esteem concordance. BASE's target cost is one trillionth the full scale market capitalization of all cryptographic types of cash: (cmc) x 0.1^12. Right when BASE market cost (bmp) = (cmc x 0.1^12), BASE is at balance. Exactly when this equilibrium is upset, token nimbly is changed.
(4) REBASE: Rebases happen when bmp ≠ (cmc x 0.1^12). When bmp > (cmc x 0.1^12), advancement rebase occurs. When bmp < (cmc x 0.1^12), choking rebase occurs. Advancement makes new deftly, reducing deficiency and driving expense down its target. Pressure demolishes smoothly, extending lack and driving expense up to its target.
CONCLUSION
If you are reading this then you should count yourself lucky because base Protocol offers a new branch of opportunity for crypto enthusiasts who passionate about making the most out of crypto, the different profit earning opportunities are specially designed to accommodate different crypto enthusiasts with their different iñvestment interest and it will only continue to get better.
Many would love to doubt the authenticity of Base protocol platform given to recent events, but it will interest you to know that Base protocol has officially verified the $BASE token contract l, in addition to this the contract has also been fully verified by HalbornSecurity, this has been done In regards to the proxy contracts, this was strategic to defend against the issue from the first rebase, so there is nothing to be scared of
LINKS
Website: https://www.baseprotocol.org/
Twitter: https://twitter.com/baseprotocol
Telegram: https://t.me/baseprotocol
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5283589.0
Medium: https://medium.com/@BaseProtocol
Author's Details
BTT Username: Achile
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2768388
