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The Secret Based Master Plan (just between you and me)

Many of you may know Based as the frontend for crypto perps and spot. In the last four months, we have processed $28.7B in volume and generated more than $10M in fees. However, many may not be aware that Based’s long-term plan is to build the ultimate financial platform where people can trade not just crypto, but also FX and prediction markets.

As the market conditions are challenging today, I want to take some time to explain the rationale behind our decisions and why this matters in the months ahead.

This is not an AI slop

People always say that with ChatGPT, writing is dead.

The truth is more paradoxical. AI hasn’t killed writing. AI killed some writing. It made the boring kind of writing infinitely abundant.

What remains is the harder thing: writing that originates from lived experience rather than convenience.

AI can conjure words quickly, but it cannot originate lived meaning. It cannot replace the human act of translating experience, doubt, feelings and contradiction into form.