HOW BASE TOKENS WORK THROUGH REBASING

vitek147 (25)in #base • 4 years ago (edited)

Base protocol have technology to programming code is open-source and accessible on the Base GitHub and the foundation updates this repository as new developments are made. The Base Protocol is built on the Ethereum blockchain,integrates a Chainlink oracle,and will launch on Uniswap.

The mission of the Basic Protocol is easy to make it easier for everyone to benefit by presenting the entire digital money market in a safe, decentralized and future-verified manner.The Base Protocol makes it possible to invest with this consensus. BASE allows traders to speculate on the entire industry with one token.The BASE tokens underlying protocol creates several additional use cases in DeFi, trading,hedge funds and other business sectors.BASE will also help new and existing retail investors to take out the guesswork and get exposed to the growth of all current and future digital assets entering the market and will offer new value for investors in the cryptocurrency ecosystem through an elegantly simple protocol.
Team build Base Protocol on DeFi space with last innovations and we recieve- one tokenized asset that represents speculation on all cryptocurrencies,and also important thing is that BASE Protocol the world's solitary tokenized cryptographic money market tracker.

BASE Protocol targets and future vision:

For any different crypto asset very difficult to understand for a new user,but understand BASE is not hard becouse it’s the way to invest in all of those crypto assets and in this way, the Base Protocol can become an instrumental force in driving new adoption in the blockchain space.So holding BASE, institutional investors will gain exposure to the entire cryptocurrency industry an objectively more diversified alternative.Most rebase projects haven’t utilized rebasing and this highest potential.A lot of projects have simply facilitated DeFi money games that don’t create fundamental value.Base Protocol the use сase is truly innovative,new asset class for which there are no existing competitors as a exchange tradeable cryptocurrency industry index and will also help new and existing retail investors to take out the guesswork and get exposed to the growth of all current and future digital assets.Base Protocol aims to become the household name for general cryptocurrency investing with simple mission to make it easy for everyone to benefit from the performance of the entire cryptocurrency market in a secure, decentralized and future-proof way.BASE’s vision is to become the primary channel of investment for new/existing cryptocurrency traders and institutional investors.

MAIN ELEMENTS:

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.
By holding BASE in essence, the entire crypto industry — you guarantee that you won’t completely miss out on these projects. By holding BASE, you hold everythingand know eerything in cryptoworld. In BASE’s end goal, it is an index tool pegged to the overall crypto industry,allowing users to speculate in a way that is not currently possible and all things held equal, BASE is designed to increase in value over time.BASE can be used as a safe haven position between crypto transactions and trading into BASE mitigates the inherent risk of holding one coin, while absorbing the potential gains of several others.