Basic Protocol The stable peg to all cryptocurrencies as one!
Base Protocol makes it conceivable to contribute with this agreement. BASE permits merchants to hypothesize on the whole business with one token. The Base Protocol is the world's solitary tokenized cryptographic money market tracker. By holding BASE tokens, clients can get presentation to the exhibition of the whole digital currency market. Dissimilar to the list trackers at present working in the conventional business sectors, there is no access or leave expense or financier charges.
List reserves have reliably outflanked effectively overseen shared assets. Until the dispatch of BASE, there was no genuine cryptographic money market tracker that followed the presentation of the whole computerized resource market. BASE will be helpful for institutional financial specialists and merchants to differentiate and support their crypto portfolios. BASE will likewise help new and existing retail speculators to take out the mystery and get presented to the development of all current and future computerized resources entering the market.
BASE protocol website that the price of each BASE tokens is pegged to the total market cap of crypto capitalization with a ratio of 1:1 trillion. Meaning, that for every $1 USD worth of BASE, is 1 trillion in total market cap of the entire crypto market. Hence, if the entire crypto market capitalization goes 2 trillion USD, then each BASE will also become $2 USD each. On the other hand, if the market cap of the crypto is only 0.5 trillion USD, then the BASE token will only be $0.5 USD as well. But here's the catch, you may ask me, what if there is a disruption in the price of the token due to buying and selling to reach the target price as it is what it should be pegged? Good question. There comes now the features, use-cases and advantages of the BASE protocol which is in the next discussion. And let me remind you guys, this protocol as per the website is like the S&P 500 of crypto. Which will be launching by November 30th of this year.
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.
USE-CASES
- BASE token as a crypto index token
The BASE protocol is the equivalent of UITF, Mutual Fund, PSEI, S&P 500, NASDAQ, and anything you could think of as a measurement of economic stability. But in this one, it is all those equivalent in CRYPTO industry. In a quick summary, why would you buy each crypto, if, with BASE token, you already bought the entire crypto market cap! The ones that could buy these are the financial institutions that would want to invest in the cryptocurrencies with the lowest risk possible because it is already a crypto index fund. Aside from that, it can also be interesting for people of all ages to buy this crypto index token for maximum exposure whilst minimizing the risk.
- Borrowable asset and lendable asset
Base protocol is that it can be used to be a borrowable or lendable asset for trading. If you are a trader and wanted to hedge your trades to minimize risk, you can use BASE tokens as a borrowable asset. Since the BASE represents the entire crypto market, if ever the trader is at a loss when he/she used BASE as a borrowed asset to buy an altcoin and if he/she will repay back the loaned BASE, the BASE rate in USD will also be lower. Hence, it only makes implies that the only loss of the trader is the one where he/she bought which is the altcoin. This is also the same when he won in the trade and vice versa.
- Safe Haven in Crypto holdings
We all know here that crypto is a volatile market. Whether it be BTC, ETH up to the lower in the market cap. Especially for those in the lower market cap, wild swings can be experienced here. But when you buy BASE tokens, you do not need to worry anymore about volatility because what you are only about that you need to do is market cryptocurrencies more and give awareness. Because you are only concerned with the overall market capitalization of it. Amazing right? It is like having your retirement fund but in crypto.
- Price Basis
Base Protocol's vision and one of the missions is to have the BASE protocol token to be a base pair when trading. Because if the BASE token will be the base pair, You will be more accurate in checking the market health whether it is bullish or bearish. Therefore, giving you more accurate trade decisions that will give you more time to give a knowledgeable buy and sell signal from you with conviction. With this type of (altcoin)/BASE pair, we can be more confident to make this a possibility of profit in the short, medium, and long term investments.
REBASE
Rebase because all of the information can be accessed via their white paper which I will also input here later. This is the main emphasis of the elastic supply of BASE protocol. If you would see above, it is the supply that reacts to price change as well. Not the price only. To match the equilibrium based on the price oracles, the rebase will do the computation to incentivize the lag time between rebases for buyers and sellers. If the price is below the target price, it contracts the supply to have the price get distributed to the remaining supply. While if the price is too high above the target price to reach the equilibrium, the rebase expands the supply so that the price gets distributed to the network.
TOKENOMICS
ROADMAP
TEAM
Conclusion
The Basic Protocol works by assigning BASE fees to the exhausted market capitalization of all digital currencies in the proportion of 1: 1 trillion. This value bet is achieved through a flexible graceful convention that uses rebasing.
By holding BASE tokens, investors can invest in thousands of cryptocurrencies in the market - easily and quickly - so that investors don't have to be tired of reading the trends of crypto assets one by one, just with the BASE token investors can speculate on the entire crypto industry simultaneously.]
For more information see refer to the link below:
Website: https://www.baseprotocol.org/
Whitepaper: https://drive.google.com/file/d/1O9V4vjygGmno90NAXSDtj9IwZAelZCsj/view
Twitter: https://twitter.com/baseprotocol
Telegram: https://t.me/baseprotocol
PreSale Aplication: https://www.baseprotocol.org/presale
DisCord: https://discord.gg/rsPCcYV
Medium: https://medium.com/@BaseProtocol
YouTube: https://www.youtube.com/channel/UCfiacHaKd98kNLSRbc-4qnw
Author: syedrasool2020
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2278993
Eth Wallet: 0x9E2A20D6298438532e4830cd33350541dc057A7E