Did the price of BAS come out in advance? Only 50U? I am sorry I spent time looking for information.
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### 🛡️ 1. Project positioning and technical architecture
BAS is a Web3 data verification protocol developed by Binance. Its core goal is to address the blockchain's inability to verify off-chain data. Built on BNB Chain, it is positioned as a "native verification and reputation layer." Its technical design highlights include:
1. Dual-mode certification mechanism:
- On-chain proof: open and transparent, suitable for scenarios that require public verification, such as voting results;
- Off-chain Proof: Sensitive data (such as KYC information) is encrypted and stored in BNB Greenfield, and users can independently control access rights through the "Cookie Authorization System".
2. Modular architecture: supports developers to customize data structures (Schema-Based) to adapt to diverse application needs, such as identity authentication, asset proof, etc.
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### 💰 2. Token Function and Economic Model
The BAS token serves as the protocol’s core utility and governance token, with clear functions:
1. Core Purpose:
- Paying gas fees: covering the costs of creating, storing, and verifying data proofs;
- Governance voting: Participate in protocol parameter adjustments and upgrade decisions;
- Ecological incentives: rewards node operators and data contributors.
2. Distribution and circulation rules:
- Initial circulation time: 2:00 PM, August 19, 2025 (UTC+8);
- Priority trading groups:
- Pre-TGE participants: can trade directly on the Binance Alpha platform;
- Booster event winners (weeks 1-2): claim and trade tokens within 8 hours of circulation;
- No pre-mining mechanism: Emphasizes decentralized launch to avoid early control risks.
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### ⏰ 3. Circulation Time and Participation Path
| User Type | Participation Method | Time Window |
|----------------------|-----------------------------------------------------------------------------|----------------------------------|
| Pre-TGE Subscribers | Directly Trade BAS on Binance Alpha | Available from 2:00 PM, August 19th (UTC+8) |
Booster Week 1-2 Winners | Claim your airdrop on the official website or Binance Wallet, then trade on Binance Alpha | Within 8 hours of the launch of circulation (i.e., before 22:00) |
Regular Users | Deposits, withdrawals, and spot trading will be available on the exchange (specific time to be announced by Binance) | To be determined |
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### 🌐 4. Core Application Scenarios
The BAS protocol has been implemented in three key areas, highlighting its practical value:
1. Cross-platform KYC:
- User identity authentication data can be reused on exchanges such as Binance and Coinbase, reducing repeated verification;
2. Decentralized Voting:
- Provide tamper-proof on-chain proof to ensure the authenticity of voting rights and transparency of results;
3. Supply Chain Traceability:
- Generate verifiable proof for the entire chain of commodity circulation to enhance the credibility of the supply chain.
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### ⚠️ 5. Risk Warning and Official Attitude
- Short-term volatility risk: Insufficient liquidity in the initial token launch may lead to sharp price fluctuations, so please be cautious.
- Regulatory compliance: Binance explicitly requires users to comply with local laws, and media outlets such as Chain Catcher have also urged users to "be rational about token speculation."
- Technical Verification Period: The protocol's actual carrying capacity needs to be verified after large-scale deployment. Please stay tuned for subsequent announcements from Binance Wallet.
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### 🔑 BAS Token Key Information Quick Facts
| Properties | Details |
|------------------|---------------------------------------------|
Release Date | August 19, 2025, 2:00 PM (UTC+8)
| Ecosystem | BNB Chain (Binance Smart Chain) |
Initial Circulation Platform | Binance Alpha |
| Priority Participation Group | Pre-TGE users, Booster Week 1-2 winners |
Core Functions: Gas fee payment, governance voting, and ecosystem incentives
Main Application Scenarios: KYC Verification, On-Chain Voting, and Supply Chain Traceability
We recommend checking real-time announcements directly through **Binance Wallet** or **Binance Alpha platform** for instructions on token redemption and trading. For technical whitepapers and development documentation, follow BASCAN_io on official channels (such as Twitter).
