MAXIMIZING THE POTENTIALS OF BASE PROTOCOL

INTRODUCTION
DeFi have numerous features and aspects which is wide to the point that it will be difficult to explore every one of these viewpoints in months to come. Price elastic tokens are token which doesn't have a fixed complete supply as the token automatically fix itself relying upon the current market request, this naturally fixing is alluded to as REBASING. Price elastics token are not common like other tokens which is regularly observed around, this is on the grounds that not many ready to investigate this Defi perspective. However, Base Protocol is ready to make the striking stride by venturing into this DeFi perspective and investigating it to the most extreme in other to maximize its investors and clients benefits

WHAT IS BASE PROTOCOL
Making it simple for a better understanding, the Base Protocol is a DeFi based project that supports the Ethereum blockchain. BASE TOKEN is the native token, total supply of the token is not given because its price is flexible or elastic token. General performance the whole crypto market is also track by Base Protocol by the use of BASE token. The platform is also widely known as rebasing protocol and it also uses the Ethereum blockchain benefit to maintain a unique balance between the tether price and the market price because the token is flexible or elastic. The possibility to contrast and expand automatically because it is grounded on the mechanism of rebase and to adjust itself during need is powered by BASE.

HOW DOES BASE PROTOCOL WORKS

Just as mentioned as earlier, the price of the total global cryptocurrency market cap will be followed by BASE token. The BASE token is guarded by a unique protocol that will enable the token to work swiftly. The is how the BASE token works:-

• Synthetic:- Users are allowed to invest in multiples cryptocurrencies because the BASE token is an architectural synthetic asset to ensure the market styles of all crypto asset in the cryptocurrency market.

• Elastic:- When the total number of all phases are met, the protocol will adjust the token supply because it as an elastic supply protocol that strives to widen/shorten the token supply. This protocol runs the supply of the BASE token.

• Rebase:- Certain number of total phases are built to set the price of the BASE token because of supply expansions and contractions.

• Cascade:- Just like the Uniswap, the BASE token is available on the DeFi platform. Base Cascade will reward users in accordance to their stability in the liquidity pool when users stake their token in liquidity pool and becomes a Liquidity provider.

CONCLUSION
To end on this note, there are many projects based on DeFi but no token coin has been able to stand the chance reach the height of Base Protocol within this short spam of time of its birthing. The future is bright and secure and it also have a wide range of uses because of the phases that are perfectly fit. This is a chance of a life time for investors who desire to make a dream reality and also to become a holder of the token to be able to enjoy other and numerous advantages that is not find anywhere.

LINKS:
Website: https://www.baseprotocol.org/
Twitter: https://twitter.com/baseprotocol
Telegram: https://t.me/baseprotocol
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5283589.0
Medium: https://medium.com/@BaseProtocol

Author's Details

Bitcointalk username: Mayor6500
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2539302