In an unexpected announcement, Jesse Pollak, the founder of Base Chain, has confirmed that there are no immediate plans to introduce a proprietary token for the platform.
Utilizing a social media platform, Pollak underscored the significance of prioritizing user satisfaction and problem-solving over the issuance of tokens.
He referenced the Hyperliquid project as a prime example, illustrating how concentrating on developing a product that garners genuine user appreciation—before incorporating more intricate aspects such as pricing—sets the stage for enduring success.
Regarding this matter, Pollak expressed,
“Similar to our experience with @base—by commencing without a token, we can focus on addressing authentic challenges and must consistently prove our worth.”
Founder of Base Chain’s Fearless Strategy
Expounding on his viewpoint, Jesse Pollak reiterated that the technique employed by Hyperliquid is not an isolated incident but mirrors a prevalent pattern observed across thriving startups’ history.
He emphasized that the principal emphasis for any venture should be constructing a top-notch product that deeply resonates with users.
He further articulated,
“Lastly, there are no immediate intentions to launch a @base network token. Our focus is on development. We aspire to address genuine issues that facilitate enhanced building capabilities. I eagerly await your feedback on potential areas for improvement.”
Base’s Impressive Growth Trajectory
Despite opting out of launching a proprietary token, Base Chain has made significant progress in fortifying its stature as a prominent Ethereum [ETH] layer 2 network.
Its ambitious pursuits within the sector have borne fruit, culminating in the platform attaining the highest Total Value Locked (TVL) among Ethereum layer 2 solutions.
Moreover, Base recently attained a new record in transaction volume, achieving a remarkable 9.32 million transactions on November 26th.
These notable achievements underscore the network’s unwavering dedication to expansion and its resolve to further entrench its supremacy within the fiercely competitive blockchain realm.
Confirmation of this dedication materialized in November 2024 when Base witnessed a surge in usage and acceptance, consolidating its leading position among Ethereum layer 2 solutions.