{"id":33274,"date":"2024-12-02T14:15:11","date_gmt":"2024-12-02T11:15:11","guid":{"rendered":"https:\/\/btcacademy.online\/crypto\/?p=33274"},"modified":"2024-12-02T14:15:11","modified_gmt":"2024-12-02T11:15:11","slug":"base-chain-founder-jesse-pollak-confirms-no-plans-for-a-token","status":"publish","type":"post","link":"https:\/\/btcacademy.online\/crypto\/base-chain-founder-jesse-pollak-confirms-no-plans-for-a-token\/","title":{"rendered":"Base Chain founder Jesse Pollak confirms: \u201cNo plans for a token\u201d"},"content":{"rendered":"\n<p>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.<\/p>\n<p>Utilizing a social media platform, Pollak underscored the significance of prioritizing user satisfaction and problem-solving over the issuance of tokens.<\/p>\n<p>He referenced the Hyperliquid project as a prime example, illustrating how concentrating on developing a product that garners genuine user appreciation\u2014before incorporating more intricate aspects such as pricing\u2014sets the stage for enduring success.<\/p>\n<p>Regarding this matter, Pollak expressed,<\/p>\n<blockquote>\n<p>\u201cSimilar to our experience with @base\u2014by commencing without a token, we can focus on addressing authentic challenges and must consistently prove our worth.\u201d<\/p>\n<\/blockquote>\n<h2>Founder of Base Chain&#8217;s Fearless Strategy<\/h2>\n<p>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&#8217; history.<\/p>\n<p>He emphasized that the principal emphasis for any venture should be constructing a top-notch product that deeply resonates with users.<\/p>\n<p>He further articulated,<\/p>\n<blockquote>\n<p>\u201cLastly, 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.\u201d<\/p>\n<\/blockquote>\n<h2>Base\u2019s Impressive Growth Trajectory<\/h2>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>Moreover, Base recently attained a new record in transaction volume, achieving a remarkable 9.32 million transactions on November 26th.<\/p>\n<p>These notable achievements underscore the network&#8217;s unwavering dedication to expansion and its resolve to further entrench its supremacy within the fiercely competitive blockchain realm.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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<\/p>\n","protected":false},"author":1,"featured_media":33275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-33274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/33274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/comments?post=33274"}],"version-history":[{"count":2,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/33274\/revisions"}],"predecessor-version":[{"id":33277,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/33274\/revisions\/33277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media\/33275"}],"wp:attachment":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media?parent=33274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/categories?post=33274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/tags?post=33274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}