Altcoins Talks - Cryptocurrency Forum
Learning & News => Tokens/Coins Offerings (ICO, IEO, etc.) => Announcements [ANN] => Crypto Reviews => Topic started by: cryptopediabd on December 03, 2020, 02:05:03 PM
-
(https://bitalk.org/attachments/42168/)
Website (https://www.baseprotocol.org/) | Telegram (http://t.me/baseprotocol) | Whitepaper (https://drive.google.com/file/d/1O9V4vjygGmno90NAXSDtj9IwZAelZCsj/view) | Litepaper (https://drive.google.com/file/d/1yy2ZySspCdsqawOTcvgPyuY7fnp_hVT/view) | Twitter (https://twitter.com/baseprotocol) | Uniswap (https://app.uniswap.org/#/swap?inputCurrency=0x07150e919b4de5fd6a63de1f9384828396f25fdc&outputCurrency=ETH)
PRESS RELEASE. With the steady rise of Bitcoin price in recent days, this is arguably one of the best periods for Bitcoin trading and other cryptocurrencies. However, not all willing investors have enough capital to invest in the crypto market and although sometimes it is good to start small, investors who start with small capital tend to make negligible profits.
What is Base Protocol?
Base Protocol (BASE) is a synthetic crypto asset that derives its price from the total market cap of all cryptocurrencies (cmc) at a ratio of 1 : 1 trillion.
BASE is the world’s first and only tokenized crypto market tracker. BASE exists to maintain a market rate that is stably pegged to its underlying asset – the crypto industry.
How Base Protocol Works?
BASE’s peg to cmc is held stable through an elastic supply protocol. 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.
It allows traders to agnostically invest in the entire crypto ecosystem. By holding BASE, users get exposure to the performance of the entire cryptocurrency market.
BASE can also be used as a lending instrument to hedge on leveraged crypto trading. Traditionally, lending has been
a challenge in crypto; if an individual borrows 1 BTC to buy a car, they could be on the hook for much more than
they originally borrowed when it’s time to pay that 1 BTC back. This volatility presents a problem in borrowing
crypto for general purposes, but can be useful if borrowing for crypto investing. Say a trader borrows 100 BASE to
buy an altcoin, and that the altcoin plummets alongside a bearish trend in the crypto markets. When the trader goes
to pay their 100 BASE back to the lender, he notices the value of that BASE also dropped – perfectly 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. And vice versa, if his altcoin went bullish, he would only absorb the gain in excess
of overall market performance. In this way, BASE can be used as a strategic hedging instrument for crypto-focused
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.
portfolios trading on levrage.
Got Questions?
Reach out to Base Protocol via:
Email: [email protected]
● Telegram (https://t.me/baseprotocol)
-
Overall the project looks good to me but there is a red trust against this project for suspective team. Although i haven't found anything wrong with this project. Tokens already listed on Uniswap V2. Is there any way of bring bounty to altcoinstalks forum?
-
When I read about Base Protocol what a great idea but when the revelation about the team comes of light, I doubt the project won't end up the way Spectiv ended, I was one of those that was hoping the project would come around because then the talk about VR and AR was getting heated in the space but the team can't show anything for the money they raised. I don't know how this time around is going to be different
-
I received BASE tokens for the bounty company, now I'm trying to figure out whether to keep them or sell them, who thinks what guys how much a token might cost in the near future?