Base Protocol Lead Announces: Basenames Will Ensure Fair Distribution Through a 36-Hour On-Chain Dutch Auction
Publication Time:2024-08-20 10:56:06
On August 20th, Jesse Pollak, the lead of the Base protocol, made a statement on social platform X, emphasizing that Basenames belong to all users. To avoid the issue of bots mass-purchasing, it was decided to implement an innovative approach—a 36-hour on-chain Dutch auction for distribution. This method aims to ensure that every user has a fair chance to obtain Basenames, avoiding unfair competition issues from the past and demonstrating respect and protection of the community members' rights.
Basenames
Base Protocol
Dutch Auction
Fair Distribution
Bot Sniping