Based Finance is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of Based Finance are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
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About Based Finance
A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review Based Finance token by explaining what the coin is about, insights on the project listing the pros and cons, the supply and how legit/safe the token is for investment.
What is Based Finance ?
Welcome to Based Finance a decentralized utility-based algorithmic token $BASED on the $FTM network pegged 1:1 with $TOMB via seigniorage. As big supporters of TOMB the seigniorage system that has been successfully running for months. We want to support their protocol by pegging BASED to TOMB, henceforth providing new use cases for TOMB, as well as increasing TOMB’s liquidity on the Fantom ecosystem. Consequently, exposing ourselves to TOMB also means exposing us to its recent success.
Based Finance Supply
There are 33,182.00 BASED in supply worldwide.
Pros and Cons of Based Finance
Pros of Based Finance
- There is a surge in the market price currently
- Project whitepaper available
- There is a community
- Contract on Fantom
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – Based Finance
Cons of Based Finance
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is Based Finance Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, Based Finance have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is Based Finance Safe?
Being willing to invest in any token is a question entirely up to you to answer. Based Finance token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Based Finance on the comment section below. Don’t forget to rate and leave a review.