Based launches token issuance platform Based Alpha on Robinhood Chain

Foresight News reported that the decentralized exchange platform Based has announced the launch of the token issuance platform Based Alpha on Robinhood Chain. Based Alpha adopts a bonding curve mechanism, with a fixed total token supply of 1 billion. Among these, 793.1 million tokens will be publicly sold through a constant product bonding curve for price discovery. After the sale, the remaining 206.9 million tokens will be automatically paired with the accumulated funds to form a locked liquidity pool on Based DEX. Of the trading fees generated during the bonding period, 0.3% will be directly distributed to the token creator, while the remaining protocol fees belong to Based. Once the protocol fees reach a certain scale, a fee switch will be enabled to distribute earnings to BASED holders. Based stated that more features and trader incentive plans will be launched successively in the future.

Previously, Based had already launched a token swap feature, allowing users to bridge assets from other chains and convert them into Robinhood ecosystem tokens.