ETHS Ether Bank will debut strongly on Base Chain with a perfect mechanism
Base Chain is a Layer 2 network based on Ethereum, developed and supported by Coinbase, aiming to provide a high-speed, secure, and low-cost transaction environment. Since the launch of its testnet in February 2023, Base Chain has attracted significant attention and users. The mainnet went live in August 2023, further fueling the expansion of its ecosystem. Data shows rapid growth in the number of users and active addresses on Base Chain, indicating its increasing popularity and adoption. Additionally, the explosive growth of the meme coin BALD on Base Chain has attracted a large number of retail investors, further boosting the platform’s visibility and capital size. Base Chain has enormous potential for future development and is expected to become a significant platform for attracting more users and projects. April of this year is seen as an opportunity for Base Chain to expand its ecosystem, attracting more developers and projects and driving the continued growth of the ecosystem.
ETHS Ether Bank is the world’s first project to adopt a double-selling and token-balancing mechanism and will launch on Base Chain on April 5th. As the sole token-balancing mechanism, ETHS has partnered with over a hundred communities globally for cooperative promotion. The project’s double-selling mechanism allows participants to receive strong ETH dividends, with each market transaction sale automatically causing the contract address to follow an equivalent amount of tokens being sold. The ETH earned from sales will be automatically distributed by the smart contract, with 60% going to token holders, 30% to LP holders, and the remaining 10% used for automatic buyback to add liquidity as a balance to the base pool. To maintain the balance of ETHS and ETH tokens in the base pool, the smart contract executes a 6% deflation of the base pool’s ETHS tokens per hour, reaching a maximum deflation rate of 144% every 24 hours, perfectly solving the issue of ETHS token inflation in the base pool. Additionally, the project team has not reserved any tokens for participants, ensuring a truly fair market environment.
ETHS Ether Bank has been defined as a high-quality seed project by major communities and KOLs both domestically and internationally. The project is still in its early fundraising stage and is set to end its fundraising on April 4th. With the perfect deflation model and the project team’s fair decisions, ETHS Ether Bank is expected to be a hot project on Base Chain in April.
