BasedAI’s mainnet launch unlocks $PEPECOIN’s full potential in a bull market.

by
Gregory Pudowski

Posted: December 2, 2024 12:16 PM Updated: December 2, 2024 12:16 PM

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BasedAI mainnet has finally been launched. Launched on November 30, the BasedAI mainnet is an important step in the journey to make artificial intelligence (AI) decentralized, private, and secure.

As BasedAI moves from the testing and development phase into real-world use, both $BASED and $PEPECOIN can enjoy price momentum, attracting users, developers, and investors.

(Image source)

The emergence of AI has revolutionized industries, enabling groundbreaking applications, more efficient workplaces, improved quality of life, and economic growth.

But while AI represents an important milestone in human history, this technology is still under the control of a few giants. To solve this, BasedAI has emerged as an autonomous blockchain-based platform designed to leverage distributed computational power to enhance collective intelligence.

The next evolution of AI autonomy

BasedAI’s mainnet launch was an exciting event, with the team introducing several new products in the days leading up to it. This includes BasedAI Nexus, a mobile-friendly brain explorer tailored for BasedAI intelligence, which will soon be available to the entire community.

This explorer is designed to meet the need for innovative ways to visualize the network topology of privatized AI networks comprised of computational entities. Ultimately, BasedAI continuously adapts and operates beyond the control of any single participant. Visualizing these new properties is important for optimizing BasedAI.

The Nexus Platform for BasedAI leverages immersive 3D data visualization to monitor network performance and health and provide real-time insights into the ecosystem.

Recently, Based Labs signed a two-year data center agreement for BasedAI mainnet clusters in the United States, Estonia, Iceland, Denmark, and Japan.

Another major development came in the form of ‘Creature’, a self-organizing AI agent that runs as a small program on an individual computer. These AI agents combine cellular automata, quantum consistency, and language models to process information.

As part of the BasedAI roadmap, the role of creatures and network capabilities in the ecosystem are scheduled to expand in the future. This involves building autonomous blockchains where these ‘creatures’ work together under Brains to identify trends, generate suggestions and provide code.

In the next phase, Creatures will enrich the on-chain token ecosystem by identifying and tokenizing new trends and cultural moments in real time.

The team will then focus on upgrading Creatures into autonomous on-chain agents capable of managing wallets, executing trading strategies, and enhancing security, automating complex financial and operational tasks to improve network efficiency and autonomy.

Dual pillars of the BasedAI economy

In BasedAI’s decentralized platform, AI agents collaborate using Brains, the core processing nodes of the BasedAI network, and each Brain can execute anything. There are only 1,024 brains, and each brain supports up to 256 validators and 1,792 miners.

$BASED is the native token of the BasedAI protocol, which rewards Brain owners, miners, and validators, and is used for network governance and staking. Miners’ and validators’ $BASED returns depend on performance, staked $BASED, and the adjustable incentive structure of Brain owners.

Meanwhile, $PEPECOIN is and always will be the entry point for earning Brains by staking 100K $PEPECOIN or burning them for Brain Credits.

Brain Credits are ERC-20 tokens, and you need 1,000 to get one Brain. As more brains are issued, the cost of $PEPECOIN increases, creating deflationary pressure on $PEPECOIN.

$PEPECOIN, a very popular memecoin, is currently a $395 million market cap token and is trading at $3.50, up 386% this year. The burn mechanism has already reduced the supply of $PEPECOIN by 8% since it was introduced just two months ago.

Now that the BasedAI mainnet has launched, the more adoption there is, the more the total supply of $PEPECOIN (currently just over 110 million) will decline. As the memecoin frenzy gains momentum amid the ongoing bull market, this is expected to create upward pressure, potentially pushing the $PEPECOIN price above this year’s previous high of $7.51.

$PEPECOIN not only helps manage brain distribution, but is also essential for the on-chain evolution of creatures, further increasing demand for $PEPECOIN and suggesting a strong upward trajectory for its price.

As BasedAI rapidly develops into a truly decentralized and autonomous AI ecosystem based on the collective intelligence of living things and the guidance of BASED GOD, BaseDAI’s bold ambition and utility are likely to capture market attention and capital. This will potentially push $BASED and $PEPECOIN to unimaginable new heights, solidifying the project’s position as a leading decentralized AI force!