CloudBASE: A Game-Changing Decentralized Exchange in the BASE Ecosystem
As the debut of the BASE network looms, numerous promising projects aiming to revolutionize trading within the ecosystem emerge. One standout project with the potential to become a leader among decentralized exchanges is CloudBASE.
Core Features of CloudBASE:
CloudBASE aims to be among the first decentralized exchanges operating on the BASE network. It promises an intuitive and universally accessible trading platform. Its ecosystem comprises seven key functions:
- Exchange
- Real Yield
- LaunchPad
- LaunchPool
- AMM NFT
- NFT MarketPlace
- Games
Trading Fee Structure on Exchange:
During token exchanges on the Exchange, a trading fee of 0.3% will apply, distributed as follows:
- 0.2% — LP Reward for liquidity providers
- 0.03% — $CLOUD token burn
- 0.05% — CloudBase Earn
- 0.02% — CloudBase Team
Real Yield Features:
- STAKING: Users can earn rewards by locking their $CLOUD tokens in the staking pool. Longer staking durations yield higher APY.
- FARMING: CloudBase Farms will offer numerous farming opportunities. Users can stake their LP tokens and receive $CLOUD tokens in return.
Additional Features:
Users can acquire new tokens using $CLOUD and avail IDO offers. The CloudBase Launchpool lets users earn additional tokens by staking their assets.
NFT Trading on CloudBASE:
- NFT AMM: A trading platform for immediate buying or selling of NFTs through a liquidity pool. This ensures transparent pricing and swift transactions for both parties.
- NFT Marketplace: CloudBASE serves as a mediator platform, facilitating NFT trading within the BASE ecosystem. It also supports listing and launching potential NFT collections on BASE.
Recent Developments:
On August 6th, a snapshot was taken for the $Cloud token airdrop. Eligibility required holding $DRAGON tokens, obtainable through NFT Tianlong, BaseNS, or Rising Dragon staking. At one point, these NFTs were mintable for free, but they are currently available for purchase on Opensea. $DRAGON tokens will be exchanged for $Cloud tokens on the BASE mainnet.
What to do for the CloudBASE Airdrop?
- Engage on the CloudBASE platform by making swaps and adding liquidity. Active users are allocated 2% of the $Cloud token pool.
- Purchase the Tianlong NFT on the OPTIMISM network, which will migrate to the BASE network, allowing staking for $Cloud tokens.
Another method to acquire the Tianlong NFT involves combining NFT Rising Dragon with NFT BaseNS or Connector. Successful combinations yield the Tianlong NFT. However, unsuccessful attempts result in one NFT BaseNS or Connector being burned.
Only the NFT TianLong qualifies for migration to the BASE mainnet, allowing users to receive $Cloud tokens in exchange.
NFT Links:
Upcoming Special NFT Minting:
A special NFT named Cloud Guardian NFT will be available for minting. Those on the whitelist (WL) get an exclusive 24-hour minting window. If any NFTs remain, they will be publicly available on a “first-come-first-serve” basis.
Minting Details:
- Date & Time: August 11th, 12:00 PM UTC
- Eligibility: Cloud Guardians NFT whitelist members, Cloud Crew, Cloud Ambassador, and OG holders
- Price: Approx. $33 in ETH
- Limit: Maximum of 2 NFTs per wallet on the BASE network
Analysis:
A close look at CloudBASE reveals it as a robust and well-thought-out project. Despite the competitive decentralized trading market, CloudBASE distinguishes itself with its comprehensive features and clear functionalities. With the dedication and determination of its team, the project is poised to achieve its objectives and become a key player in the BASE ecosystem. Stakeholders are encouraged to track its progress in the coming months.
Official Links:
Graphics belong to the CloudBASE team.