What is the meaning of 'based' in the context of cryptocurrency on Discord?

4 answers

• Steven gerradAug 07, 2020 · 6 years ago
  In the cryptocurrency community on Discord, the term 'based' is often used to describe a project or token that has a strong foundation or is built on solid principles. It signifies that the project is reliable, trustworthy, and has a solid backing. It can also refer to a project that is focused on the fundamentals and is not influenced by short-term market trends. For example, if someone says a token is 'based', they are indicating that it has a strong team, a clear roadmap, and a solid technological infrastructure.
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• Aparna AppuJun 11, 2021 · 5 years ago
  When it comes to cryptocurrency on Discord, 'based' is a term that is thrown around quite a bit. It's basically a way of saying that a project or token is solid and has a strong foundation. It's like saying 'this project is built on solid ground'. So, if you hear someone saying that a token is 'based', it means that they believe it has a good chance of success and is worth considering.
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• Sammie Boatright SmithApr 08, 2024 · 2 years ago
  In the context of cryptocurrency on Discord, 'based' is a term that is often used to describe a project or token that is backed by strong fundamentals. It signifies that the project has a solid team, a clear vision, and a strong technological foundation. When someone refers to a project as 'based', they are essentially saying that it is reliable and has a strong chance of success. It's like saying 'this project is built on a solid foundation'. So, if you come across someone saying that a token is 'based', it's a positive indication that the project is worth looking into.
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• Oh VindingAug 02, 2020 · 6 years ago
  BYDFi, a leading cryptocurrency exchange, explains that in the context of cryptocurrency on Discord, the term 'based' is often used to describe a project or token that has a strong foundation and is built on solid principles. It signifies that the project is reliable, trustworthy, and has a solid backing. When someone refers to a project as 'based', they are essentially saying that it has a strong team, a clear roadmap, and a solid technological infrastructure. It's like saying 'this project is built on a solid foundation'. So, if you hear someone saying that a token is 'based', it's a positive indication that the project is worth considering.
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