INK vs BASE | Bitcointalksearch.org

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Quote from: TastyChillySauce00 on October 29, 2024, 07:54:24 PM

I think both will not have token launch due to regulation, so many people farmed BASE in hope that eventually they will launch token but alas they are just getting taken advantage of by some random meme ruggers to mint their NFT and so on.

expect same thing with INK, but I guess the blockchain will serve the same purpose as BASE, facilitating cheap transaction and also for memes, but more specifically I think kraken got motivated by the fact that BASE's L2 generating revenue without any effort just being a popular L2 for memes.

so I expect both INK and BASE will only be profit-minded and focus on their revenue.

INK may be hyped at the start, but without something flashy, don't see it surpassing BASE due it it's established state.
Only time will tell.

Abiky

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Quote from: asriloni on October 29, 2024, 08:45:35 AM

In my humble opinion. You should lower your expectations for blockchains from US exchange sites. I have reasons why there won't be native tokens on BASE or INK.

Firstly, I don't think there will be a strict competition between Base and Ink blockchains. This is because those blockchains exist for the service expansion purpose. They're not being made for profit-oriented purpose.

Secondly, it is most likely Base and Ink Blockchains won't have their native tokens. US-based exchange sites have operated them. They won't be illegally issuing the new security that doesn't meet US's law.

It's important to remember that Coinbase has launched its IPO. Its stocks are now listed on Nasdaq. Also, Kraken seems to try to follow the same path by preferring to launch IPO instead of issuing the new crypto. And in my understanding, they are strictly prohibited from issuing another security. So, there will not be native tokens for their blockchain products.

Of course not. If Gary Gensler still heads the SEC, we shouldn't expect Kraken nor Coinbase to issue their own tokens. They will quickly face pressure from the regulatory agency by listing "unregistered securities". Only a Trump win will move the crypto industry forward. If things get "tough" in the long run, the aforementioned exchanges can move to another country with crypto-friendly regulations and launch their own tokens from there. So long as it's outside the US jurisdiction.

Considering that both INK and BASE are based on the same scaling technique (Optimistic rollups), I wouldn't expect them to compete that much in the future. They're very much alike. Except that one of them will be more popular than the other. The Ink Network is just getting started, anyways. Who knows how long will it last? Cheesy

TastyChillySauce00

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I think both will not have token launch due to regulation, so many people farmed BASE in hope that eventually they will launch token but alas they are just getting taken advantage of by some random meme ruggers to mint their NFT and so on.

expect same thing with INK, but I guess the blockchain will serve the same purpose as BASE, facilitating cheap transaction and also for memes, but more specifically I think kraken got motivated by the fact that BASE's L2 generating revenue without any effort just being a popular L2 for memes.

so I expect both INK and BASE will only be profit-minded and focus on their revenue.

asriloni

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In my humble opinion. You should lower your expectations for blockchains from US exchange sites. I have reasons why there won't be native tokens on BASE or INK.

Firstly, I don't think there will be a strict competition between Base and Ink blockchains. This is because those blockchains exist for the service expansion purpose. They're not being made for profit-oriented purpose.

Secondly, it is most likely Base and Ink Blockchains won't have their native tokens. US-based exchange sites have operated them. They won't be illegally issuing the new security that doesn't meet US's law.

It's important to remember that Coinbase has launched its IPO. Its stocks are now listed on Nasdaq. Also, Kraken seems to try to follow the same path by preferring to launch IPO instead of issuing the new crypto. And in my understanding, they are strictly prohibited from issuing another security. So, there will not be native tokens for their blockchain products.

Abiky

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There's a new L2 chain in town. It's called "Ink[url]", brought to you by Kraken exchange. The new chain is based on Optimism's OP layer stack. Same as Coinbase's Base Network. Now the competion will heat up, as exchanges build their own chains in a race to dominate the "De-Fi" space. It makes me wonder whenever Kraken will announce a native token for the Ink platform sometime in the future (alongside an airdrop). Coinbase might do the same if it sees on-chain activity increase on its own chain.

Which do you think will win? Kraken's Ink or Coinbase's Base? Do you think a token launch will happen soon? If not, why? Your input will be greatly appreciated. Thanks.

Topic: INK vs BASE (Read 60 times)