Launch Date: The Base Chain Token List was proposed in 2022 and has been consistently updated since its launch.
Developer: The Base Chain Token List was created by a collaboration between big exchanges including Huobi, OKX, and Gate.io blockchain researchers.
Token types: Base Chain Token List tracks tokens that have their own blockchain and are not deployed on BSC or ERC20.
Update Schedule: New token list updated get released are updated weekly but might at variable rate.
Token Coverage: Over 200+ tokens have been tracked at any time.
Token Availability: Tokens are available for purchase and transactions after the token was added on this list.
Exchange involvement: After added on base chain token list, major blockchain exchanges including Huobi, OKX and Gate.io allow trading for tokens.
Distribution: Base Chain Token Distribution uses BEP20 and ERC20 and many more standards.
Token Verification: The list verifies any tokens listed for correct blockchain information authentication of deployment & token creation data.
Token listings: The Base Chain Token List only lists tokens that are deployed in Mainnet because there can not and will not exist pre main net on this list.
Base Chain Token List: A Comprehensive Guide
As a trader, it’s essential to understand the concept of base chain tokens and their role in the cryptocurrency ecosystem. In this article, we’ll delve into the world of base chain tokens, exploring what they are, their benefits, and how they can be used in trading. We’ll also provide a list of popular base chain tokens and their characteristics.
What are Base Chain Tokens?
Base chain tokens are native cryptocurrencies that are built on a specific blockchain network. They are the primary tokens used for transactions, staking, and governance within their respective networks. In essence, base chain tokens are the fuel that powers their blockchain ecosystems.
For example, the base chain token for the Ethereum network is Ether (ETH). It’s used for transaction fees, smart contract execution, and as a store of value.
Benefits of Base Chain Tokens
Here are some benefits of base chain tokens:
Security: Base chain tokens are native to their blockchain networks, making them more secure than tokens built on top of other blockchains.
Governance: Base chain tokens often have governance models that allow holders to vote on proposals for the development of their blockchain network.
Staking: Many base chain tokens can be staked, allowing holders to earn rewards and contribute to the security of their blockchain network.
Popular Base Chain Tokens
Token
Blockchain Network
Market Capitalization
Ether (ETH)
Ethereum
$550 billion
Bitcoin (BTC)
Bitcoin
$1 trillion
Polkadot (DOT)
Polkadot
$15 billion
Solana (SOL)
Solana
$10 billion
Cosmos (ATOM)
Cosmos
$5 billion
Characteristics of Base Chain Tokens
Here are some key characteristics of base chain tokens:
Consensus Algorithm: Base chain tokens use various consensus algorithms, such as Proof of Work (PoW), Proof of Stake (PoS), and Delegated Proof of Stake (DPoS).
Block Time: The block time for base chain tokens varies, with some having faster block times than others.
Transaction Fees: Transaction fees for base chain tokens can be fixed or variable, depending on the network’s congestion.
Use Cases for Base Chain Tokens
Here are some use cases for base chain tokens:
Payment: Base chain tokens can be used for payments, either on-chain or through second-layer scaling solutions.
Staking: Many base chain tokens can be staked, allowing holders to earn rewards and contribute to the security of their blockchain network.
Governance: Base chain tokens can be used for governance, allowing holders to vote on proposals for the development of their blockchain network.
Risks Associated with Base Chain Tokens
Here are some risks associated with base chain tokens:
Volatility: Base chain tokens can be highly volatile, making them subject to large price swings.
Regulatory Risks: Base chain tokens may be subject to regulatory risks, such as changes in government policies or laws.
Security Risks: Base chain tokens can be vulnerable to security risks, such as 51% attacks or hacking.
Frequently Asked Questions
Base Chain Token List FAQ
What is the Base Chain Token List?
The Base Chain Token List is a comprehensive list of tokens available on the Base Chain blockchain. The list provides detailed information about each token, including its symbol, name, and smart contract address.
Why is the Base Chain Token List important?
The Base Chain Token List is essential for several reasons:
It provides a single source of truth for all tokens on the Base Chain, making it easier for developers and users to identify and work with specific tokens.
It helps prevent token scams and phishing attacks by providing a verified list of legitimate tokens.
It enables easy integration with wallets, exchanges, and other applications that support the Base Chain.
How do I add a token to the Base Chain Token List?
To add a token to the Base Chain Token List, follow these steps:
Ensure your token is deployed on the Base Chain and has a valid smart contract address.
Verify that your token meets the requirements outlined in the Base Chain Token List documentation.
Submit a request to the Base Chain Token List maintainers, including your token’s symbol, name, and smart contract address.
Wait for the maintainers to review and verify your request.
Once approved, your token will be added to the list.
How often is the Base Chain Token List updated?
The Base Chain Token List is updated regularly to reflect changes to the token list, such as new token additions or updates to existing tokens. The frequency of updates depends on the volume of requests and the complexity of the changes.
Can I trust the tokens listed on the Base Chain Token List?
While the Base Chain Token List provides a verified list of tokens, it’s essential to remember that it’s not a guarantee of a token’s legitimacy or value. Always conduct your own research and due diligence before investing in any token or project.
How do I report an issue or error with the Base Chain Token List?
If you encounter an issue or error with the Base Chain Token List, please report it to the maintainers via the official support channels. Provide as much detail as possible about the issue, including any relevant error messages or screenshots.
