Base Token Design Proposals Under Scrutiny: Community Weighs In on Future Strategies Translation: Base Token Design Proposals Under Scrutiny: Community Weighs In on Future Strategies

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

The community placed special attention on the insights from Messari researcher AJC, who pointed out that a primary objective of distributing BASE tokens may be to boost the stock price of Coinbase (COIN).

*“The theories surrounding the strategic aspects of Base’s coin issuance are particularly interesting, as this marks the first instance of a publicly traded company launching its own cryptocurrency,”* he stated.

According to AJC, typically Token Generation Events (TGE) and airdrops provide liquidity for private investors and teams. In the case of BASE, the main goal will be to maximize the shareholder value of COIN.

*“Shareholders are unlikely to forfeit their rights to the coin; otherwise, they would demand 100% of the tokens. From their perspective, giving up partial rights only makes sense if it enhances their stock value,”* the expert remarked.

He advised the Base team to strike a balance between shareholder and user benefits, while also focusing on providing additional value to Coinbase. He believes that during the token distribution, it would be more effective to reward users for their “social and consumer engagement.”

*“Base is already leading among L2 networks [in DeFi and by Total Value Locked (TVL)], and further incentivizing these indicators is likely to attract only speculative capital,”* AJC explained.

As of the time of writing, the total value locked in the network amounts to $5.4 billion, placing Base in sixth position among the largest blockchains.

Pollak responded to AJC’s tweet, thanking him for his input. He also stated that the launch of the BASE token will not occur in 2025.

*“We’ve just started working and want to do everything correctly. We’re sharing information early on because we plan to develop the project transparently — alongside you,”* he wrote.

A community member under the pseudonym Garfield Investments suggested that Coinbase could simply spin off Base into a separate company, noting that the network is currently a minor aspect of the largest American cryptocurrency exchange and its value isn’t reflected in COIN stock prices.

*“As long as it remains just a footnote in Coinbase’s reporting, the market won’t be able to value Base on par with other L2 solutions,”* he commented.

Other participants in the discussion expressed skepticism regarding the value of community engagement.

*“‘Communities’ are fleeting and intangible, especially in crypto, thus they are essentially worthless. Only a real impact matters. As a shareholder, I hope those who created numerous wallets to mint new tokens and spam don’t receive anything,”* wrote a user by the pseudonym FrogLeader.

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

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

It should be noted that Ethereum founder Vitalik Buterin praised Base’s achievements, particularly commending the L2 network’s approach to decentralization.