THE BASE PROTOCOL (BASE)

sayeds1956 (53)in #new • 4 years ago (edited)

BRIEF DESCRIPTION OF BLOCK CHAIN:

You might have heard a lot about Block chain since Bitcoin emerged as leading Digital currency in crypto space. Generally people think it is a database , it is but different type of database where information is stored in Blocks and all blocks are linked with each other. The most use of Blockchain is as Ledger for transactions.
In Bitcoin case , Blockchain is used in decentralized way so that data can be stored on multiple computers and no single person can have control over it. The beauty of Blockchain is that, the transactions are permanently recorded and can be viewed from any where.

Base Protocol (BASE) is a new jewel in crypto space. The idea is very innovative and simple to make profit for its investors by the presentation of whole crypto Market in a safe , decentralized and Future verification way. It is the first digital currency that will track the whole crypto market performance .

Base protocal.jfif

WHAT IS BASE COIN AND HOW IT DRIVES ITS PRICE:
It is a synthetic asset and functions to reflect overall crypto Market Price and drives its price from total value of Crypto currencies at Ratio of 1:1. To maintain its price, it is pegged to its underlying asset and to keep it stable the supply is kept elastic supply protocol. by re-basing which expands or contracts the supply of Base token to make correction in Base coin price.

To conclude and make the long story short . it is a synthetic asset and represents overall speculation of crypto Market. To make it possible and working, the supply of coin is kept Elastic by expanding and contracting process based on Market Price. Though it is synthetic asset but to keep it stable it is pegged to total Market capitalization.

BASE TOKEN ECONOMICS:

Total Token Supply : 8,493,221 BASE

This is the total supply of BASE tokens at the time of launch.

Initial Circulating Supply : 1,859,548 BASE