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Gregory Pudovsky
Published: December 02, 2024 at 12:16 pm Updated: December 02, 2024 at 12:16 pm
The BasedAI mainnet is finally live. Launched on Nov. 30, the BasedAI mainnet going live marks a significant step in its journey to make artificial intelligence (AI) decentralized, private, and secure.
As BasedAI transitions from the testing and development phase to real-world use, both $BASED and $PEPECOIN are set to attract users, developers, and investors while enjoying price momentum.
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The advent of AI has revolutionized industries, enabling groundbreaking applications, more efficient workplaces, improved quality of life, and economic growth.
However, while AI represents a significant milestone in human history, this technology remains under the control of a handful of giants. To address this, BasedAI has emerged as an autonomous blockchain-based platform designed to enhance collective intelligence by harnessing decentralized computation power.
The Next Evolution in AI Autonomy
BasedAI’s mainnet launch has been an exciting event, with the team introducing several new products in the days leading up to it. This includes the BasedAI Nexus, a mobile-friendly brain explorer customized for intelligence on BasedAI, which will soon be made available to the community at large.
This explorer is designed to satisfy the demand for an innovative method to visualize the network topology of a privatized AI network comprising computational entities. BasedAI, after all, is constantly adapting and operates beyond the control of any single participant. Visualizing these emergent properties is critical for optimizing BasedAI.
The Nexus platform for BasedAI utilizes immersive 3D data visualization to monitor the network’s performance and health, providing real-time insights into its ecosystem.
Recently, Based Labs signed two-year data center agreements for the BasedAI mainnet clusters in the US, Estonia, Iceland, Denmark, and Japan.
Another major development came in the form of ‘Creature’—self-organizing AI agents that run as small programs on individual computers. These AI agents combine cellular automata, quantum coherence, and language models to process information.
As part of BasedAI’s roadmap, the role of Creatures within the ecosystem and the network’s capabilities will be expanded in the future. This will involve building an autonomic blockchain where these ‘Creatures’ work together under Brains to identify trends, generate proposals, and contribute code.
In the next stage, Creatures will identify and tokenize emerging trends and cultural moments in real time to enrich the on-chain token ecosystem.
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.
The Dual Pillars of the BasedAI Economy
On BasedAI’s decentralized platform, AI agents collaborate using Brains, the core processing nodes of the BasedAI network, with each Brain capable of running anything. There are only 1,024 Brains, each supporting up to 256 validators and 1,792 miners.
$BASED is the native token of the BasedAI protocol, which is used to reward Brain owners, miners, and validators, as well as for network governance and staking. The $BASED earnings of miners and validators depend on their performance, staked $BASED, and the Brain owner’s adjustable incentive configuration.
Meanwhile, $PEPECOIN serves, and will always serve, as the entry point for acquiring Brains— either by staking 100K $PEPECOIN or burning it for Brain Credits.
Brain Credits are ERC-20 tokens, and you need 1,000 are required to acquire a single Brain. As more Brains are issued, their cost in $PEPECOIN increases, creating deflationary pressure on $PEPECOIN.
A wildly popular memecoin, $PEPECOIN is a $395 million market cap token currently trading at $3.50, up 386% this year. The burning mechanism has already reduced $PEPECOIN’s supply by 8% since it was introduced just two months ago.
Now that BasedAI mainnet has been launched, the more adoption it sees, the more $PEPECOIN’s total supply—currently just above 110 million—will decline. As the memecoin frenzy gains momentum amidst the ongoing bull run, this is expected to create upward pressure, potentially driving $PEPECOIN’s price above its earlier peak of $7.51 this year.
Not only does $PEPECOIN help manage Brain distribution, but it is also integral to the on-chain evolution of Creatures, further boosting demand for $PEPECOIN and suggesting a strong upward trajectory for its price.
As BasedAI rapidly progresses toward becoming a truly decentralized and self-governing AI ecosystem powered by the collective intelligence of Creatures and the guidance of the BASED GOD, its bold ambition and utility are likely to capture market attention and capital. This will solidify the project’s position as the leading decentralized AI force, potentially sending $BASED and $PEPECOIN to new unimaginable heights!
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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