Base officially explores native token launch to boost decentralization and global growth
Base officially announced exploration of a native community token throughout its Base Camp occasion on Sept. 15, marking a possible milestone for Coinbase’s Ethereum layer-2 community because it targets global adoption.
Base founder Jesse Pollak delivered the announcement throughout his presentation on the occasion, outlining the community’s imaginative and prescient to scale from tens of millions to billions of users globally.
Pollak positioned the token exploration inside three core rules: attaining full decentralization, aligning builders and creators as financial members, and pushing the boundaries of crypto to unlock new techniques.
He acknowledged:
“The economic system can solely work if we’re those shaping it and benefiting from it.”
Additionally, he defined the rationale behind creator and developer alignment via tokenization.
Base presently operates as a stage one rollup, consisting of a decentralized fraud or proof submission system and a safety council.
However, it isn’t totally decentralized, requiring further work to obtain full decentralization in stage two. The potential token represents a mechanism to speed up this transition whereas incentivizing ecosystem participation.
Brian Armstrong, co-founder and CEO of Coinbase, confirmed the event through X, stating the token “might be an excellent software for accelerating decentralization and increasing creator and developer growth within the ecosystem.”
Armstrong emphasised that no definitive plans exist, referring to the announcement as a philosophical replace because the crew explores prospects.
Three key commitments
Pollak made three specific commitments relating to token growth. Base stays dedicated to constructing on Ethereum, rejecting hypothesis about different blockchain foundations.
Further, the crew pledges to “do that proper” by collaborating with regulators and legislators, drawing on Coinbase’s 15-year compliance monitor document.
Finally, Base commits to clear growth, constructing “within the open” via group engagement and suggestions.
The announcement follows Base’s resolution to embrace transparency over secretive growth. Pollak acknowledged receiving recommendation to maintain exploration non-public however selected the “Base manner” of open growth with out predetermined solutions.
Base plans to collect group enter throughout the two-day Base Camp occasion to inform token growth in accordance with the community’s values.
Pollak described the announcement as “a brand new day one” alternative to leverage tokenization for constructing a global economic system.
The exploration section begins with out particular timelines or implementation particulars, as Base will prioritize group session and regulatory compliance earlier than advancing the event of the token.
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