Base

Base, an elastic supply cryptocurrency pegged to the price of Bitcoin. Community owned and built. Being decentralized and community governed is at the core of why Based was started. Six long term cryptocurrency advocates were really impressed with the elastic supply mechanics instituted by Ampleforth but didn’t believe USD should be the peg. Instead it should be Bitcoin as it embodies censor resistance and the future financial system. So they decided to personally financially seed Based, create the brand, develop the forked protocol and give it to the community by starting with a DAO that owns all it’s assets including the total supply of BASE currency. BASE is an elastic supply cryptocurrency that adjusts it’s supply based on its demand. The Based protocol tracks BASE’s price movements versus Bitcoin and increases or decreases all holder’s balance accordingly. With the intention of absolute fairness, the entire supply of BASE will be circulating upon launch with no tokens going to the founding team and over the course of 12 months all governance tokens for Based, gBASE, will be distributed to the community.