πͺBASED Token
BasedBot Whitepaper.
Team's Wallet
Airdrop #1 Supply: 35% Address: 0x39Ab41652de1Ec012A29aF6a7D5fC71cc287f222
Airdrop #2 Supply: 25% Address: 0xec9F036914c54f4e5ab1B7838D8C10b4f8bC2B0f
Contests Supply: 20% Address: 0xA67e9F4470744405f384b6F46Aa758994dD1e9Ca
Marketing Supply: 15% Address: 0xEd0BDc45d31d757d1f23731ea87D2D9f667185b4
Advisors Supply: 5% Address: 0x1C5510D1197b56950926540DdF48F01B4eF6731e
Abstract
This whitepaper introduces $BASED, a utility token developed for BasedBot, a versatile Telegram trading bot tailored for the degen community on the Base chain, an Ethereum Layer 2 solution. Leveraging the successful track record of PumpFun on Solana and its complementary trading bot, PumpPill, BasedBot aims to provide an all-in-one degen hub on Base. The paper outlines the tokenomics, features, and strategic vision for $BASED, positioning it as an integral part of the burgeoning degen culture on Base.
Introduction
The decentralized finance (DeFi) landscape has seen significant innovation and adoption, particularly within the niche of memecoins and degen trading. Building on the success of PumpFun, the premier memecoin launchpad on Solana, we introduce BasedBot, a comprehensive trading bot specifically designed for the Base chain. BasedBot offers advanced trading functionalities and risk management tools, catering to the needs of the degen community. The $BASED token is central to this ecosystem, providing utility, incentives, and community engagement.
Problem Statement
The DeFi and cryptocurrency markets are highly volatile and require sophisticated tools for traders to navigate effectively. Existing solutions often lack the integration and user-friendly features necessary for degen traders, who thrive on quick, high-risk, high-reward opportunities. Additionally, there is a scarcity of robust trading bots and platforms on the Base chain, which is emerging as a hotspot for memecoins and degen activity.
Detailed Content
Background and Context
PumpFun and PumpPill: PumpFun has established itself as the leading memecoin launchpad on Solana, leveraging our team's extensive experience in the cryptocurrency world. Following this success, we developed PumpPill, a Telegram trading bot that has gained popularity among degen traders on Solana.
Base Chain and ApeStore: Recognizing the potential of Base chain, an Ethereum Layer 2 solution, we launched BasedBot. The Base chain is known for its efficiency and suitability for memecoin and degen trading. ApeStore, a platform similar to PumpFun but built on Base, hosts BasedBot exclusively, making it the only bot available on this innovative platform.
Features
BasedBot provides a comprehensive suite of features designed to empower degen traders:
Copy Trading: Mimic the trades of successful traders in real-time.
Devsell: A tool for developers to sell their tokens directly through the bot.
Risk Management: Includes stop-loss (SL) and take-profit (TP) functionalities to manage trading risks.
Sniping: Upcoming feature that will allow users to execute trades at lightning speed.
Asset Management: Tools to manage and track one's cryptocurrency portfolio efficiently.
Tokenomics
The $BASED tokenomics are structured to foster community engagement and ensure sustainable growth:
Airdrop #1: 35% of the total supply will be distributed in the first airdrop.
Airdrop #2: 25% will be allocated for a second airdrop.
Contest & Giveaway: 20% reserved for various contests and giveaways, including trading, volume, and referral contests.
Marketing: 15% designated for marketing efforts, including paying key opinion leaders (KOLs) and advertisements.
Advisors: 5% allocated to advisors who contribute strategic guidance.
In total, 80% of the supply is given away through airdrops and contests, ensuring widespread distribution and community involvement.
Integration with Degen Culture
$BASED aligns with the degen trend on the Base chain, integrating seamlessly with popular tokens like Brett and Toshi. Holding $BASED grants access to exclusive contests, giveaways, and forthcoming features such as smart degen signals and sniping capabilities.
Case Studies or Examples
While BasedBot is newly launched, the success of PumpPill on Solana serves as a testament to our team's capability. PumpPill's widespread adoption and positive user feedback provide a solid foundation for the anticipated success of BasedBot and $BASED on the Base chain.
Conclusion
$BASED and BasedBot represent a significant advancement for degen traders on the Base chain. By offering an all-in-one trading hub with robust features and a well-structured tokenomics model, we aim to create a thriving ecosystem that caters to the unique needs of the degen community. The extensive airdrops and community-focused initiatives ensure broad participation and engagement, setting the stage for $BASED to become a pivotal token in the Base chain degen landscape.
References or Bibliography
Base chain technical documentation
Ethereum Layer 2 solutions overview
PumpFun and PumpPill case studies