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인후는 외롭지 않아요.
$BASED Summary of Official Position on the Tokenomics Controversy (Korean) 1. General Position • There has been considerable criticism and concern regarding $BASED tokenomics over the past day. The team is aware of issues such as poor communication, Ethena distribution, the existence of Season 3, and Sybil issues. • Token launch is not simply about distribution; it's about aligning early contributor rewards with long-term ecosystem growth. • BASED's long-term goal is to become a mainstream fintech-level crypto platform like Robinhood. ⸻ 2. Token Supply & Launch Philosophy • If the initial circulation is too small, community formation will fail, and if it's too large, there's a risk of price collapse due to lack of liquidity. • The launch will not be delayed due to market conditions (e.g., BTC below 70k). → Based on product completeness, community, and ecosystem readiness. ⸻ 3. Seasonal Community Rewards • Season 1 (approximately 3 months): $7.63M in fees • Season 2 (approximately 3 months): $5.34M in fees • 60-70% of profits are redistributed to users (affiliate/referral rewards) • S1 = 8%, S2 = 8% token allocation • Due to the short season, a simple comparison with "10% for other projects" is inappropriate ⸻ 4. Q&A Key Summary Q1. Why are tokens given to exchanges (Launch Partners)? • Refers to exchanges and distribution partners, not influencers • To ensure liquidity, accessibility, and price stability • Includes vesting conditions ⸻ Q2. Why is Ethena included in the Genesis distribution? • Ethena is not simply an external entity, but a community with substantial contributions. • HyENA joint project → Core engine of growth. • Ethena Community: 7.5% of total supply. • 20% unlocked for 3 months after TGE. • The remainder vests after 1 year. • BASED community receives tokens immediately, before Ethena. ⸻ Q3. Why is there investor allocation? • Capital that enabled early survival. • 1-year lockup + 24-month linear vesting. ⸻ Q4. Why is 20% of the team allocation? • Long-term builder incentives & core personnel retention. • Cannot be sold before the community. • Fully vested. ⸻ Q5. Why is Season 3 included in the Genesis Distribution? • Genesis is based on the "economic vesting point," not the actual payment point. • Season 3 runs from January to May → included in the Genesis distribution. ⸻ Q6. Why are $PUP holders eligible for Genesis distribution? • Signaling remaining loyalty even in a bear market, not for short-term farming. • To strengthen community stability and long-term holder base. • Token conversion, not airdrop. • No snapshots. ⸻ Q7. How do you handle Sybil? • Analyze millions of on-chain and off-chain data. • Use Based Alignment Score. • Criteria: • Ongoing use. • Excluding single-event activities. • Actual trading risk. • Partial deductions for trading primarily in stablecoin pairs. • Removed tokens will be redistributed to the actual community. ⸻ Q8. Why only 8% per season? • The season is very short, at 3 months. • Based on the entire points period (June-December 2025, 6 months), → A total of 28.5% is distributed to the community, including S3. • To prevent short-term over-distribution. ⸻ Q9. What are the Based Card Points? • Detailed information will be provided upon the release of the airdrop checker (before TGE, mid-March) ⸻ Q10. What about buybacks/fee sharing? • Only confirmed details will be announced. • Announcement will be made after regulatory and implementation issues are resolved. • No empty promises. ⸻ Q11. How much was removed from Sybil? • Redistributed to normal community users. ⸻ Q12. What is the TGE schedule? • Target: March • Additional exchange launches are being prepared. • Any changes will be immediately announced with the reason.
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인후는 외롭지 않아요.
$AZTEC Approximately two days until TGE (16:00, Thursday, February 12th, KST) Aztec is a project that is actually running L2 with "privacy as default" on Ethereum. What sets Aztec apart? Rather than adding privacy on top of a public chain, as is the case with existing platforms, Aztec aims to build a structure where privacy is the default from the smart contract level. PLONK and Noir are no longer just technologies for a select few projects; they are now the de facto standard stack used by most privacy and ZK projects. Andreessen Horowitz (a16z) took notice of this trend, and Aztec secured a $100 million Series B investment led by a16z. Institutional demand for infrastructure that simultaneously satisfies privacy and compliance already exists in the TradFi, RWA, and stablecoin sectors. Official Page Official TGE Announcement Tweet Privacy is not an optional feature, but rather a fundamental requirement for expanding on-chain adoption. Aztec is one of the teams that has consistently prepared for this direction from a relatively early stage.
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02-06
🧡 Key Summary of Based Token Launches Edison, Founder of Based, has written a lengthy X article outlining his stance on token launches. 💡 Key Summary of Based Token Launches 🟠 A token launch is a "single, independent product," separate from the product itself, and is the most important event that determines the project's values and long-term direction. 🟠 A good product can have a bad token launch, and vice versa. The two should not be confused. 🟠 Based has focused on products with real-world use, not just show-off features. As a result, → Achieved cumulative trading volume of $37B and revenue of $15M. 📈The Problem with the Existing Market: Low Float, High FDV 🟢Many projects in 2025 will launch with low circulating supply and excessively high FDV. 🟢Supply control keeps prices in check, creating an illusion of lack of sellers rather than real demand. 🟢While it may create short-term perception, it lacks user alignment and sustainability. 🟢The market and retail are growing increasingly tired of this playbook. 🎁 Based's Choice: Community First 🟠 Product and community-driven growth without KOL or public sales 🟠 Skipping public sales and allocating a larger portion to community airdrops 🟠 Prioritizing real users with liquidity, trading, feedback, and trust, rather than short-term token flippers 🪙 BASED TGE Core 🟢 Distribute at least 30% of the total supply 🟢 Season 1 · Season 2 · PUP Conversion Amount → Immediate unlock of all tokens without vesting 🟢 Tokenomics and TGE details Based Foundation release on February 8, 2026 X Original x.com/edison0xyz/status/201975... 🐈 Leo.HL Playground Public Space │ Chat Room │ X
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02-05
$CLAWSTR 1. A coin that was supposed to use the Bitcoin network instead of the Maltbook to create a decentralized social network for Openclaw agents. Unlike other coins with the same meta, Dev didn't create the coin; the kids just arbitrarily created it. Later, they admitted it after reviewing it. Jack Dorsey will interact with it, and Bitcoin OGs will flock to it! It'll go up nicely with the happy circuit running. 2. A while ago, Dev claimed the accumulated fees and then nuked it in one go, leading to the same ending as RALPH. $GAS. 3. Holders who were hit by a sudden shock while holding were crying, saying crypto isn't a serious industry. 4. But what's really funny about this Bags+Bnkr meta is that - Dev never once asked to create the coin first. These weird guys just print whatever coin they want and then grab onto my pants, begging for it to be recognized. - I opened my wallet, wondering what it was, and it was full of money. - I slowly acknowledged it, and the price shot up, and my money multiplied. It was exciting. - After a while, the price dropped and my balance dwindled, so I wanted to sell. But there's really no reason not to. After all, I didn't create this coin and I didn't ask for it to be created. - It's a joke. 5. From a betting perspective: Will they recognize this coin? -> How enthusiastic will they be if they do? -> Even if it becomes official, when will the developers sell it? Predicting all of this is just exhausting. The few developers who stick to their convictions and never claim anything are truly impressive.
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