Base Token Plan Sparks Debate on Shareholder and Community Benefits
Ethereum's Base network, led by Jesse Pollak, is considering launching a native token. The proposal sparked discussions about its purpose and beneficiaries.
- The Base token could be the first blockchain token launched by Coinbase, a publicly traded company.
- Messari researcher AJC emphasized that the token should enhance shareholder value while rewarding the Base community.
- Coinbase's status as a public firm means any token distribution must benefit COIN shareholders.
- A focus on increasing total value locked or trading volume might attract short-term capital but not ensure sustainable growth.
- Community feedback suggests rewarding developers, active users, and traders within the ecosystem.
- Investor Hnwcrypto proposed releasing the token by end of 2025 to leverage peak market conditions.
Speculation about a potential airdrop has grown since Coinbase CEO Brian Armstrong confirmed exploring a native token, despite previous denials. Analysts predict early participants in the Base network may be rewarded in such an airdrop.