So, even though Base came onto the scene later in 2023 compared to other Ethereum L2s, it quickly climbed to the top, thanks to strong support from Coinbase. Riding the huge wave of the memecoin craze in 2024, Base built up a massive following, now with more than 20 million monthly active addresses. That’s a milestone a lot of other L2s can only dream of.
The super low transaction fees, lightning-fast speeds, and the fact that it benefits from Ethereum's security, along with its ability to connect with Solana, have made Base a go-to choice for many dApps and users. Base is everywhere in the news while some other L2s are barely hanging on. The recent drop in prices for many L2 native coins shows just how weak the entire L2 trend is in the market right now.
On the brighter side, it looks like Base is gearing up to launch its own token. This could be a major move for Coinbase as they've wrapped up their tech polishing and are expanding their ecosystem. That token will be backed by the massive Base and Coinbase ecosystem, so it could have some serious potential, even though we don't know the tokenomics yet. I’m sure a lot of Base users are on the lookout for an airdrop!
I feel like Base wants to roll out this token to take full advantage of the coming altseason, kind of like what Metamask just did with their token launch. I'm not planning to jump into investing in these new tokens immediately; I just think that when big projects start launching their tokens, the market won’t just dive into a crypto winter right away. Instead, we’re likely to see some action.
Considering an investment in Base's native coin?
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In my personal opinion, yes. Actually, I have three crypto assets that Ive been doing DCA on under the Base network up until now. If we just observe carefully,
there are many of them, but Im not wealthy enough to buy all of the ones Id also like to have.
But my budget is still limited so far. Aside from the Base network, I also have other crypto assets that
I still do DCA on, at least little by little.
This is a good information. I will also buy the token, but I will sell it if it increased because I am not confident of altcoias it will definitely first be pumped, but later people might dump it but it is likely it will get dumped and its price fall. I can not hold it but use it for swing trading. In fact, I may not move the coin out of exchange and wait for a perfect exit.
CryptoLaserMember
Posts: 1 · Reputation: 66
#4Apr 1, 2018, 05:45 AM
where can ı buy ?
There is no official token yet for the actual base. But its network is being used widely already. Beware with the fake base's token that are scattered in the market and you'll need to check if it's a fake one. Because for now, they haven't released any base token yet. Although the base network has been widely used by these tokens: https://www.coingecko.com/en/categories/base-ecosystem
Most Base users are actually waiting for the airdrop to materialize. Not invest into the coin itself. We'll have to see what benefits holders of the native token will get in the long run. Maybe Coinbase will make Base a "PoS" cryptocurrency? That would certainly attract investors. Of course, Coinbase would need to plan ahead with the regulators before deciding to launch its own cryptocurrency. I don't think the SEC under Trump's administration will consider BASE a security. At least, within the next 4 years.
Personally, I'm using Base on a daily basis to trade ETH and other tokens through Uniswap. Fees are ridiculously-low, while transaction speeds are blazing-fast. As good as Base is, it's not the leading Ethereum L2. Based on TVL (and market cap), Arbitrum is the leading L2 on Ethereum. Depending on launch price, I'd buy some BASE tokens and hold them for the long-term. It might go to the moon if the hype is enough to propel it towards such lengths. The crypto market comes with its surprises due to its unpredictable nature. Only time will tell whenever the BASE token launch will be a success or a bitter failure.
Yes, I use Base. Not only Base, but I also use other L-2s like Arbitrum (ARB) & Optimism (OP). However, my frequency of use of L-2 is still more often using Base.
With all the technology behind it & also the support of one of the big regulated CEXs (Coinbase), I think so.
Yes, if it truly becomes a native token. However, I've often thought they wouldn't launch their own token, as it would be complicated process. I once asked one of the L-2 executives, that's Soneium, if they were going to launch their own token. They said, "It's possible, but it's difficult, because there's a lot of behind-the-scenes work involved. You know the company behind Soneium, right?"
Of course, in fact, I have one of the coins on the Base blockchain, which is Mog. Although Im willing to take risks, Ive been accumulating it and will see how much value
it can gain by the next bull run, a few years from now.
Though for some of my holdings of this coin, Im doing daily trade activity on spot so that I can at least rotate my balance while maintaining
my long-term holdings in this coin.
SilentGuruSenior Member
Posts: 432 · Reputation: 1445
#9Apr 2, 2018, 01:12 AM
I like base and I like how fast and cheap they are, everytime I do on-chain interaction I always prefer base because it's fast.
Though I won't invest in their L2 token, I just don't really have that much belief in its potential though, I know it can reach huge FDV since we're talking about base here.
But I just don't see the need for governance token at all for these L2 besides just voting proposal. Maybe I'd change my mind if FDV is undervalued.
Base is one of the few (if not the only one) L2 networks focused on decentralization. Perhaps, a native token will give governance features to its holders. Just like Uniswap is doing these days. Coinbase can decide to implement a staking feature that will reward long-term holders. You can bet, everyone will be jumping on-board the Base network to be able to qualify for an airdrop. Even Metamask is considering its own token. And don't let me get started on Rainbow Wallet.
If Coinbase goes ahead with staking, Base would be worth the investment. But without incentives, I don't see it going anywhere. Who knows? Getting early now, might increase your chances of profiting in the future. Buy, "hodl", and forget about the rest.
wallet2018Member
Posts: 53 · Reputation: 235
#11Apr 3, 2018, 10:35 PM
Invest - probably not.
Get an airdrop - why not...
I love base, i'm actively using base like doing tens txs everyday there. Sadly, Base is not leading ethereum L2 in term of TVL. Base is placed at the 2nd following Arbitrum, which is leading L2s with more than 17b TVL while Base 15b TVL.
As for buying base token once it's launched. I will buy it, why not? As long as Base will be traded in rational mcap, i will be splashing my money there. However, i may hold on my interest to buy it if there will be huge portion of base tokens to be airdroped. It's caused by big airdrop means big dump. I don't wanna be exit liquidity
That scenario only happen if you're eligible for airdrop, but what's if you're not eligible?
I'm not pre-buying. Base works without a token; unless a token captures sequencer fees/MEV and governs the bridge and sequencer set, it's just a narrative trade. Coinbase's U.S. compliance likely limits airdrops, adds KYC, and pushes long vesting with big insider slices.
I'll use Base for apps and wait for governance scope and audits. If it controls real cash flows and decentralizes the rollup, I'll look; otherwise pass.
I personally prefer to see what Jesse Pollak's main goal in creating their own network token. And I want to know more about their tokenomics plan. For me these aspects can show their seriousness in creating the native token. But I only see a few goals and even side reasons (Source), where I feel they're not their main objectives. If Base wants to show their seriousness or even their main goal they must also provide several unique reasons and even have useful use cases that are innovative in nature. It would be no different if they had a vision or even mission that seemed common and even often found on other projects. And I think we still need to wait for their more concrete reasons to be able to consider investing in the native base coin they are planning. And I personally feel suspicious about the initial announcement which seems very premature as if there is a purpose behind it.
quantumsageFull Member
Posts: 118 · Reputation: 424
#15Apr 8, 2018, 05:45 PM
Yes, currently Base is used for transactions, even casino deposits are more often made using L2 Base.
Base and other L2s are equally good with fast transactions.
I can't compare them further because they are all good.
No --- I would only expect tokens from the airdrop if eligible, hahaha, but the news is that the Base TGE will be delayed.
Well, Trump's administration is pro-crypto. I don't think Coinbase will have a problem issuing airdrops to participants of the Base network. So everything will be "reds and roses". At least, for now.
What concerns investors is Base's long-term value after launch. With a limited supply, governance features, rewards mechanism (staking), and real use cases, it will go sky-high. Otherwise, it will lack behind against the competition. Coinbase is going all into decentralization. Perhaps, there's a bright future Base after all. I'd continue to use the Base network for "De-Fi", just in case. You might be able to qualify for the airdrop and cash out big time. We'll see what happens in the long run.
Big fat chance it will be only for governance, following other L2s token. People don't really care about utility, it's all just max extracting.
As for base, their chain is really good, but it seems any US based company starting to tap into the potential of creating their own token, from metamask to base.
Expected the launch to be big but im not buying it. Would be great if I can see some BASE in my wallet since I've used base heavily.