Sapien, a decentralized knowledge foundry, has introduced its Token Era Occasion (TGE) on Base, Coinbase’s layer-2 blockchain resolution. The TGE will unlock 25% of the entire 1 billion SAPIEN tokens, representing a major milestone for the mission’s transition from growth section to energetic token distribution and group governance.
The selection to launch on Base displays the rising prominence of Coinbase’s layer-2 resolution as a most well-liked platform for brand new token launches. Base gives decrease transaction prices in comparison with Ethereum mainnet whereas sustaining safety and compatibility with the broader Ethereum ecosystem. This makes it significantly enticing for initiatives trying to distribute tokens effectively with out the excessive fuel charges related to Ethereum.
Sapien’s deal with decentralized knowledge administration positions it inside the rising knowledge sovereignty motion, the place customers and organizations search higher management over their knowledge belongings. The token launch on Base permits Sapien to faucet into Coinbase’s giant person base whereas benefiting from the technical benefits of a contemporary layer-2 resolution, doubtlessly accelerating adoption of their knowledge foundry providers.
This text is for informational functions solely and doesn’t represent monetary recommendation. Please conduct your individual analysis earlier than making any funding choices.
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Editor-in-Chief / Coin Push Dean is a crypto fanatic based mostly in Amsterdam, the place he follows each twist and switch on this planet of cryptocurrencies and Web3.
