CLASSICAL USE OF BASE TOKEN

zenithace (8)in #ethereum • 3 years ago

INTRODUCTION

Putting resources into the cryptocurrency market today isn't as simple as it was previously. The market turns out to be more flimsy and it is hard to predict the pattern, particularly during a pandemic like at this point. Particularly for individuals who actually don't generally think about the assets in the cryptocurrency market, they will in general become involved with their decisions and wind up losing. However, imagine a scenario in which clients can invest not just in 1 kind of crypto asset however in more than +5000 cryptocurrencies? indeed, this should be possible with the Base Protocol - this is a symbolic whose price follows the absolute market ap of all cryptocurrencies.

BASE PROTOCOL

To start with, Base Protocol is a unique DeFi platform that gives tokens known as BASE. Users are allowed to invest in other cryptocurrencies whose price follows the capitalization of global cryptocurrency market because of the token.

Users can also invest in the cryptocurrency market without the need to buy multiple assets. Because of the use of elastic supply protocol on the Base Protocol which gives chance for rebasing, (a system that widens or bring together token supply to the real price).

THE BASE TOKEN

On the Base Protocol platform, the BASE TOKEN is the native token. For the crypto-economy, the token has been created to serve as a speculative and crypto index token and an alternative base-currency. BASE token is the that one special token that has represent all other token not minding there are over 6000 cryptocurrencies in the market. Performance of the whole cryptocurrency industry are exposed and seen by all BASE holders.

CHOOSE THE BASE TOKEN BECAUSE?

The Base Protocol token known as BASE Token is pegged to the Coin Market Cap (CMC) making it possible for other rebase assests to be commonly known for being as another single asseet is been pegged and not the total Coin Market Cap. Until the birthing of Base Protocol, this history has not been made in the world of cryptocurrency.

IMPORTANT USES OF BASE TOKEN

The crypto world is about to experience some unique opportunities because the Base Token is design to offer plenty of them. Some are listed below:-

• Foundation For All Cryptocurrencies:- All crypto investors will be helped in making tangible decision concerning their assets as the token is pegged to the general Coin market cap and the token will mirrors the performance of the market. This means the Base Token can serve as the determinant of the whole activities of cryptocurrency market.

• Collateral Purpose :- Because the Base Token is flexible in nature, it can serve as a collateral asset. It has the ability choose the lose or gain of a client depending on the market environment and to seperate current crypto price.

• Reference For All Other Currencies:- As the token is pegged to the market cap of all coins, it gives it the ability to be use as reference for all other cryptocurrency. The ability to determine and know the performance of crypto market by crypto investors and users is been provided by this.

CONCLUSION

To bring to an end, so easily and quickly, investors can invest in plenty of cryptocurrencies in the market by holding the BASE Token. The readings of different trends on other crypto asset one by one that gets investors so tired will be taking care of because all they needs to know is on the Base token. This is a one step instrument that allows traders to speculate on the entire crypto industry swiftly.

For more information visit :

Website: https://www.baseprotocol.org/

White paper: https://drive.google.com/file/d/1O9V4vjygGmno90NAXSDtj9IwZAelZCsj/view

Lite paper: https://drive.google.com/file/d/1yy2ZySspCxdsqawOTcvgPyuY7fnp_hVT/view

Token pre-sale: https://www.baseprotocol.org/presale

ANN thread: https://bitcointalk.org/index.php?topic=5283589.0

Medium: https://medium.com/@BaseProtocol

Telegram: https://t.me/baseprotocol

Twitter: https://twitter.com/baseprotocol

Discord: https://discord.com/invite/JyQ4gmR

Github: https://github.com/Base-Protocol

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