Based Money $BASED

Based Money is a decentralized finance (DeFi) protocol that operates like a game of chicken. It combines elements from Ampleforth's economic policy and YFI's distribution mechanism. The protocol adjusts the supply of its native token, $BASED, every 24 hours to target a stable value of 1 $BASED to 1 $sUSD. Unlike Bitcoin with a stable supply, $BASED has a volatile supply to maintain a stable price. The protocol follows a set of rules that cannot be changed, making it impossible for an exit scam to occur. The tokens are distributed among holders, and once the token pools are depleted, no more $BASED tokens can be minted. It is built by Ghouls and emphasizes transparency and anti-copyright beliefs.

Based Money (BASED) is unique compared to other cryptocurrencies because it has its own independent set of rules that are enforced by the protocol. This means that its price movements are not tightly coupled with other cryptocurrencies like Bitcoin. While the prices of traditional cryptocurrencies often move in sync, BASED presents a unique value and opportunity in the DeFi space. Additionally, BASED has no owners and the contracts cannot be changed, making it impossible for an exit scam to occur. The supply of BASED tokens can only change through rebasing events, which allows users to take advantage of future price movements.