ICYMI: @jessepollak shared @base is exploring the launch of a network token. And I've got thoughts. This could be controversial or beneficial and it all hinges on design, timing, and of course, the actual launch itself. The biggest thing to me is Jesse mentioned how they want to work with US regulators and legislators to do it "right." Given @Coinbase is the largest CEX in the US and is a publicly traded company, any decision for Base will likely hinge on navigating any regulatory compliance requirements. (and part of a waiting game with the pending Market Structure bill). Jesse also emphasized that any process would be community-oriented, with input welcomed from developers and users...this isn't uncommon and very much needed. Abandoning your community's feedback is a one way ticket to zero. It needs to empower the community in a way its content coins have not. Several other Ethereum-adjacent L2s have introduced tokens to support network operations and governance: Polygon...
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