"BASE token issuance: we won't rush... schedule not set yet"

Doohyun Hwang

Summary

Jesse Pollak, head of BASE operated by Coinbase, said the token issuance schedule has not been set and they are taking a cautious approach.
Pollak said the purpose of token issuance is to adjust incentives to achieve decentralization, and that if actually implemented it could attract investor attention.
He emphasized that because of tokens' characteristics a uniform strategy is difficult, and a cautious approach tailored to each project's characteristics is needed.

Jesse Pollak, head of BASE (the Layer-2 network operated by Coinbase), emphasized a cautious approach regarding plans to issue a token.

On the 2nd (local time), Pollak said on Fortune's podcast 'Crypto Playbook' that "BASE's code is fully open source, and it aims to be an ecosystem with many developers participating, like Linux."

He explained, "The main reason Coinbase is considering issuing a token on BASE is to achieve decentralization through incentive adjustments," adding, "If (token issuance) is actually implemented, it would inevitably draw the attention of both developers and investors. However, we are not rushing this initiative, and no immediate schedule has been set."

He also said, "Token issuance can serve as a tool that generates revenue for a project while also harming the ecosystem," and "Coinbase is well aware of these issues and is approaching them carefully."

He added, "Tokens have unique characteristics and cannot be applied in the same way to every situation," and "A strategy tailored to the project's characteristics, rather than a uniform approach, is necessary."

BASE