Based Money (BASED)

 Basics

• Founded in:
• Mainnet release:
• Based in:
• From CoinDesk (31-8-2020):

"Works like Ampleforth, but it adds some features that amp up game-ability for savvy traders. In particular, the rebases aren’t instant. They play out. Also, its initial distribution was designed to undermine whale dominance and at least appeared to reward early entry. At its heart, Based aims to create predictable mechanics that can be played in different ways depending on market conditions, theoretically making it a fun game for those with a clever macro view. (One other weird facet of Based: It explains itself clearly right on its front page. Crazy.)"

• From Coin Metrics (25-8-2020):

"The protocol is the product of an anonymous group and follows a distribution mechanism similar to Ampleforth where the supply is rebased periodically in an attempt to have 1 $BASED equal $1.

Following the release of its Pool 1 on Uniswap it had over $38m of staked liquidity in less than 24 hours and had traded at an all time high price of $941.13. It currently trades at $152.72 as of the time of writing. The creators state it is designed as “game of chicken designed to shake out weak hands and yield the highest gains for those who understand the rules”.  The activity surrounding it so far makes it appear an interesting aspect of the DeFi ecosystem to watch over the next few weeks"

Tech

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].
• Scored a 10% on DeFi Safety (9-2020),

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].