cryptooffer Posted March 26, 2022 Share Posted March 26, 2022 Introduction to $BASED The Based Finance token, $BASED, is an algorithmic token pegged to $TOMB built on the $FTM network. The protocol’s underlying mechanism dynamically adjusts $BASED supply, pushing its price up or down relative to the price of $TOMB. Based finance is a multi-token protocol which consists of the following three tokens: • BASED ($BASED). • BASED Shares ($BSHARE) • BASED Bonds ($BBOND) The price of $BASED is pegged to that of $TOMB, and through our LP farms $BSHARE is produced as a reward. When the price of $BASED is above that of $TOMB, $BSHARE tokens can be locked (for at least 24 hours) in the Acropolis in order to earn further rewards in $BASED (inflationary). If the price of $BASED goes below 1 $TOMB, the Acropolis stops printing to prevent further inflation and $BASED can now be burned in exchange for $BBOND (deflationary). $BBOND can be swapped back for $BASED (+ a holding incentive) from the DAO treasury once $BASED is back above its peg. You can find an introduction to our based team here. https://medium.com/@basedfinance/based-team-introduction-2cb60b4d3e34 $BASED Timeline Jan. 31: Giveaway #1 (1 $ETH) Feb. 5 - 6: Successful Project Launch " https://medium.com/@basedfinance/based-launchprocedure-a8801e7d8ad2 " (TVL >$10M) Feb. 7: Curve Geist Stablecoin Pool Receipt Token Farm Added Feb. 8: Competition #1 (700 $TOMB) Feb. 11: Team KYC’ed by AssureDefi (TVL >$20M) AND Audit Initialized with Obelisk (still ongoing) Feb. 12: Curve Tricrypto Pool Receipt Token Farm Added Feb. 15: Competition #2 (3 prizes, [10k | 9k | 9k] $USDC) Feb. 17: Now listed on multiple platforms (TVL > $50M) Coingecko, Vfat, Coinmarketcap, Defillama, Debank Yieldwolf, Beluga, Grim Finance Feb. 22: Partnership wih $TOMB (TVL >$75M) Feb. 23: TVL Reaches $100M Feb. 25 - Mar. 11: Listed on additional platforms Matrix Farm, Podtown, Apeboard, Beefy, Devil Finance, Tarot, Autofarm Mar. 4: Giveaway #2 ($3000 of $BASED) and First Based Friday Mar. 9: Giveaway #3 (0.5 $BSHARE) Mar. 14: RugDoc Review Mar. 18: Competition #3 (2 prizes, [4k $USDC + 1000 $BASED] each) AND Fully Audited Zap-in Feature Implemented Current Farming/Staking Options Basedfinance.io • Agora (Earn $BSHARE) • Deposit $BASED-$TOMB LP • Deposit $BSHARE-$FTM LP • Deposit $BASED-$MAI LP (0.2% Deposit Fee) • Deposit $BASED-$BSHARE LP (0.2% Deposit Fee) • Deposit Curve Gheist Receipt Tokens (0.2% Deposit Fee) • Deposit Curve Tricrypto Receipt Tokens (0.2% Deposit Fee) • Acropolis (Earn $BASED if $BASED > $TOMB) • Deposit $BSHARE • Parthenon • Burn $BASED if $BASED < $TOMB, get $BBOND • Burn $BBOND if $BASED > $TOMB, get $BASED + hodl incentive External Sites • Auto compounders • Yieldwolf, Beefy, and Beluga • Autofarm and Matrix Farm • Grim Finance, Pain Finance, and Devil Finance • Leveraging and Reward Boosting • Tarot • Podtown What Makes $BASED Different Beyond having a BASED AF team, a partnership with $TOMB, large TVL, listings on multiple platforms, a clear security-first focus, over $40k worth of giveaways/prizes, (should I continue?) so far the based devs have implemented 3 key innovations that set us apart from other projects: • Triple yield stable coin pool with curve gheist receipt token • Tricrypto pool with curve reciept token • Based Fridays (weekly announcements and recaps) A profit sharing feature is also in the short-term roadmap, along with a tease at an additional protocol being developed. Much more to come from this team, don’t miss out on this you are still early. For now however, $TOMB on and stay $BASED! Website: https://basedfinance.io/ Link to comment Share on other sites More sharing options...
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