Base is a platform committed to revolutionizing the global cryptoeconomy. Incubated by Coinbase, Base aims to democratize blockchain technology with an Ethereum L2 solution. It offers a unique blend of security, scalability, and stability, making it an ideal setting for your decentralized applications (dapps).
Beyond the core attributes, Base offers this platform at a fraction of the typical cost. Intrigued? Let’s dive into the popular tokens in this ecosystem: Axelar (AXL), Echelon Prime (PRIME), and CyberConnect (CYBER).
1. Axelar (AXL) Token: The Web3 Enabler
Axelar has earned its reputation as the “Stripe of Web3,” efficiently connecting over 30 blockchains through its platform. These range from Cosmos to EVM-based blockchains. The platform employs complex interchain logic to automate processes like gas payments and generate 1-time deposit addresses, all while operating on a permissionless, proof-of-stake consensus similar to the connected chains.
Key Features:
- Three-layer tech stack: Application-layer APIs & SDK, Layer-1 Gateways, and the network itself.
- Utility Token: AXL powers secure cross-chain communication, governance, and earns users rewards and fees.
- Trading Platforms: Bybit, KuCoin, Huobi, Gate, Coinbase, Uniswap(v3), among others.
2. Echelon Prime (PRIME) Token: Gaming Beyond the Horizon
Echelon is your one-stop shop for gaming, powering experiences in Parallel TCG and much more. With PRIME as its utility token, players can access token-gated products known as PRIME Sinks and also earn PRIME through gameplay in Parallel Colony and Parallel TCG.
Gaming with PRIME:
- Earn PRIME tokens: Winning ranked games, accumulating a higher win streak, or using NFT cards can increase your PRIME earnings.
- Cap on Earnings: A daily cap is set at 5 wins for PRIME emissions, with an additional PRIME game granted by The Core.
Governance Mechanisms:
- PRIME Holders: Influence the ecosystem through the Governance Portal.
- Trading Platforms: Bybit, Gate, Coinbase, Uniswap(v3), SushiSwap, etc.
3. CyberConnect (CYBER) Token: Your Web3 Social Network
CyberConnect transforms the social networking space with its Web3 functionalities. It allows developers to craft applications that empower users to own their digital identities, content, and social connections.
Core Features:
- CyberAccount: A multi-chain onboarding solution leveraging ERC-4337 Account Abstraction.
- CyberGraph: A set of smart contracts to record and monetize users’ content and connections across multiple EVM-compatible blockchains.
- CyberID and W3ST: Unique tokens for digital identification and community status.
Governance and Utility:
- CYBER Tokens: Used for payment and governance within the ecosystem.
- Trading Platforms: Binance, Bithumb, Uniswap(v3), PancakeSwap, etc.
Conclusion
The Base ecosystem is undeniably a frontrunner in the burgeoning crypto market. With tokens like Axelar’s AXL, Echelon’s PRIME, and CyberConnect’s CYBER, it offers a comprehensive set of utilities that range from backend connectivity to gaming and social networking. Each token adds a layer of innovation and functionality to an already promising platform. Get ready to explore these tokens and capitalize on the next wave of the cryptoeconomy.
