🔵Why Base?

Our decision to focus on Base was made after careful analysis and consideration of various factors, including its technology, user base, and alignment with Padium's goals. Here, we will outline the main reasons why Base was selected as a key chain for our platform.

1. Base's EVM Compatibility and Low-Cost Transactions

Base is an Ethereum Layer 2 (L2) solution that provides a secure, low-cost, and developer-friendly environment for building and deploying decentralized applications (dApps). Its EVM compatibility ensures that existing Ethereum-based projects can easily migrate to Base without any code changes, while its rollup architecture significantly reduces transaction costs for users. This makes Base an attractive option for both developers and users, as it offers a more accessible and affordable alternative to Ethereum's congested and expensive Layer 1.

2. Base's Security and Scalability

Built on Optimism's open-source OP Stack, Base is designed to deliver a high level of security and scalability. It leverages the underlying security of Ethereum and supports onboarding from various interoperable chains, including Ethereum L1 and Coinbase. This robust security and scalability make Base an ideal platform for projects seeking a secure and scalable foundation for their dApps.

3. Integration with Coinbase Ecosystem

Base is incubated within Coinbase, one of the largest and most reputable cryptocurrency exchanges. This relationship provides seamless integrations with Coinbase's products and services, including easy fiat onramps and access to a user base of over 110 million verified users with more than $80 billion in assets on the platform. By choosing Base as one of our key chains, Padium can tap into this vast ecosystem and offer projects the opportunity to reach a broad audience, further increasing their chances of success.

4. Clear Stable Userbase

Even though Base remains in testnet, we're excited to see a continued growth in testnet users and excitement over the platform. Coinbase has clearly built a winner with base, and we're ready to capitalise and provide a world-class launchpad on Base.

5. Potential for Growth and Innovation

Finally, as Base is in infancy, there are yet to be any great Launchpads on Base. This gives us a clear opportunity to establish Padium as a first-mover and the solid choice for launching on Base.

By supporting projects launching on Base, Padium aims to contribute to the vibrant ecosystem that Base is building, fostering the success of the projects we incubate and the overall growth of the decentralized application space.