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ToggleThe Ethereum Layer 2 project Base, developed under the Coinbase incubation framework, is attracting strong attention after announcing a recruitment for the position of “tokenomics and governance researcher”. This move is XEM as a sign that Base is entering the Token strategy planning phase and expanding the decentralization roadmap in a more formal and professional manner.
According to the job description posted on Base's recruitment page, this position belongs to the Business Strategy and Operations department, responsible for shaping the Token development roadmap and network governance mechanism. The person in charge will be responsible for building the Token target, developing a decentralized roadmap for each phase for the entire Base ecosystem, prioritizing sustainable growth and long-term efficiency.
Base describes the position as a “unique opportunity” to help shape the future of Base and on-chain protocols over the next decade. A Coinbase spokesperson confirmed that the job posting was posted on Wednesday and is still open. In addition to this position, Base is currently hiring for several other positions in engineering and ecosystem development.
Base restarts its ambition to Token Issuance
Base’s XEM of Token Issuance is nothing new. Last month, network founder Jesse Pollak revealed that the team was “beginning to explore the possibility of launching a native Token for Base.”
Notably, Brian Armstrong, co-founder and CEO of Coinbase, also confirmed:
“We are XEM into the possibility of Token Issuance for Base. This will be a powerful tool to promote decentralization and expand developer participation in the ecosystem.”
However, he also noted that “no official plans have been finalized yet, we are just updating our development philosophy.”
This marks a significant departure from Coinbase’s previous stance – when the company announced that it would not Token Issuance for Base, but would instead use ETH as its native gas Token .
Base's Decentralized Governance Strategy – Combining Technology, Legality, and Community
According to the description from Base, the recruited expert will have to work closely with multiple departments, including engineering, legal, community, and product, to design a governance system that balances decentralization and growth.
Main tasks include:
Research on Token design model suitable for Base ecosystem.
Draft the “Base Constitution”, which serves as the foundation for on-chain governance.
Build on chain voting and legislation mechanisms, ensuring transparency and efficiency.
Create an education system and encourage community participation in decentralized governance.
If completed, Base could become one of the pioneering models of on-chain network governance, where users, developers, and investors participate in decision-making.
Base – from an experimental project to a booming Layer 2 phenomenon
Launching its mainnet in August 2023, Base is built on the OP Stack – a technology collaboration with Optimism. In just over a year, Base has become one of Ethereum’s fastest growing Layer 2 , processing millions of transactions per day and recording a TVL exceeding $5.4 billion.
This impressive growth has led many experts to predict that Base could become a formidable competitor to leading Layer 2 networks like Arbitrum and zkSync.
Some analysts in the cryptocurrency industry believe that if Base actually Token Issuance, this could be a turning point for the network to expand its community, attracting more developers and DeFi projects.
