Token

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<h2 id="key-points">Key Points</h2>
<ul>
 <li>Founder of Base network, Jesse Pollak, prompts discussions about a potential native Base token launch.</li>
 <li>Opinions vary on the token’s purpose and who would benefit most from it.</li>
</ul>
<p>Jesse Pollak, the founder of Ethereum’s most profitable Layer-2, Base network, recently sparked a conversation about the potential launch of a native Base token.</p>
<p>His post quickly garnered attention from the crypto community, leading to debates about the token’s purpose and potential beneficiaries.</p>
<h2 id="first-blockchain-token-by-a-publicly-traded-company">First Blockchain Token by a Publicly Traded Company</h2>
<p>AJC, a researcher at Messari, pointed out that if the Base airdrop happens, it would be the first blockchain token launched by a publicly traded company, namely <a href="https://blockinsider.com/exchange/gdax/" rel="noopener noreferrer nofollow" target="_blank">Coinbase</a>.</p>
<p>Traditionally, token generation events (TGEs) are used to provide liquidity for private investors and founding teams, aiming to maximize launch value over long-term project stability.</p>
<p>However, AJC argues that the case of the Base token is fundamentally different.</p>
<p>As <a href="https://blockinsider.com/exchange/gdax/" rel="noopener noreferrer nofollow" target="_blank">Coinbase</a> is a publicly traded company, any token distribution must benefit its shareholders.</p>
<p>AJC explained that shareholders would not willingly relinquish control of the BASE token unless it enhances the overall value of Coinbase’s equity.</p>
<p>Therefore, according to AJC, the design of the new crypto token should increase shareholder value while also rewarding the Base community.</p>
<h2 id="community-advocates-for-equitable-launch">Community Advocates for Equitable Launch</h2>
<p>Another crypto commentator echoed this sentiment, urging Pollak to reward developers who are building on-chain apps and assets, and active users contributing to the ecosystem.</p>
<p>Investor and entrepreneur Hnwcrypto suggested that the Base token should be released before the end of 2025 to take advantage of favorable market conditions.</p>
<p>He proposed a fair, community-driven model, while avoiding the hype-driven volatility often associated with launches.</p>
<p>He also suggested rewarding Farcaster users, ensuring equitable access for investors, and introducing a mascot to strengthen the token’s identity.</p>
<h2 id="anticipation-builds-around-potential-airdrop">Anticipation Builds Around Potential Airdrop</h2>
<p>In September, <a href="https://blockinsider.com/exchange/gdax/" rel="noopener noreferrer nofollow" target="_blank">Coinbase</a> CEO Brian Armstrong confirmed that the exchange is “exploring” a native token, reversing its earlier stance of having no such plans.</p>
<p>This announcement fueled speculation of an airdrop, similar to previous Layer-2 launches like Optimism and Arbitrum.</p>
<p>Analysts predict that the airdrop, if it happens, will likely reward early participants who bridged assets, interacted with on-chain apps, and supported the Base community.</p>

Controversy Surrounds Base Token Plan Amid Shareholder Value Concerns

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CoinEagle.com

Other articles published on Oct 8, 2025

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