Base сетует на сложность создания своего токена, но собирает идеи от сообщества Translation: Base laments the challenges of creating its own token while gathering ideas from the community.

The developer of the L2 network Base, Jesse Pollock, announced a call for design proposals for the future token.

The opinion of Messari researcher AJC garnered significant attention from the community. He pointed out that a primary aim of distributing BASE might be to boost the stock price of Coinbase (COIN).

*“The theories surrounding the strategic aspects of Base’s coin launch are particularly intriguing since this is the first instance of a public company launching its own cryptocurrency,”* he stated.

According to AJC, typically, TGE and airdrops serve as liquidity for private investors and the team. In the case of BASE, the main objective will be to maximize shareholder value for COIN.

*“It’s unlikely that shareholders will relinquish their rights to the coin; otherwise, they would demand 100% of the tokens. From their perspective, transferring some rights only makes sense if it enhances their stock’s value,”* the expert noted.

He advised the Base team to strike a balance between the benefits for shareholders and users while focusing on additional value for Coinbase. In his view, it would be wiser to incentivize users during the token distribution for their “social and consumer experiences.”

*“Base is already leading among L2 in DeFi and in terms of TVL, and further incentivizing these metrics will likely attract only speculative capital,”* AJC explained.

At the time of writing, the total value locked in the network was $5.4 billion, placing Base sixth among the largest blockchains.

Pollock responded to the Messari researcher’s tweet, expressing gratitude for the insights. The developer also announced that the launch of the BASE token would not occur in 2025.

*“We have just begun our work and want to do everything right. We are sharing information early because we intend to develop the project transparently — together with you,”* he wrote.

A community member known as Garfield Investments suggested that Coinbase could simply spin off Base into a separate company. He remarked that the network is currently a relatively unnoticed part of the largest American cryptocurrency exchange, and its value is not reflected in the COIN stock price.

*“As long as it remains a minor entry in Coinbase’s reporting, the market won’t be able to evaluate Base on par with other L2 solutions,”* he noted.

Other participants in the discussion were skeptical about the value of social engagement.

*“‘Communities’ are fleeting and intangible, especially in crypto, so they are essentially worthless. What matters is a real impact. As a shareholder, I hope that individuals who used a huge number of wallets to create new tokens and spamming get nothing,”* wrote a user under the pseudonym FrogLeader.

In the comments beneath Pollock’s tweet, users predominantly urged the Base team to reward developers, content creators, streamers, and other ecosystem participants.

Some participants opposed the listing on Binance Alpha to avoid a scenario similar to the situation with LINEA.

As a reminder, Ethereum founder Vitalik Buterin praised Base’s achievements, particularly commending the L2 network’s approach to decentralization.