ETHEREUM ON BASE PriceETHBInactive

What is ETHEREUM ON BASE (ETHB)?

This article covers the ETHEREUM ON BASE token (ETHB) on the Base network. It is unrelated to the iShares Staked Ethereum Trust ETF, a Nasdaq-listed fund that also uses the ticker ETHB.

ETHEREUM ON BASE (ETHB) is a cryptocurrency token deployed on the Base network, which is an Ethereum Layer 2 ecosystem. According to the project's description on CoinMarketCap, ETHB is designed to uphold the ethos of Ethereum by offering a secure, scalable and decentralised platform. The project positions itself as a way to replicate the groundbreaking impact of the original Ethereum ICO, giving enthusiasts what it describes as a second chance to participate in a revolutionary project from the ground level. ETHB aims to revive the spirit of Ethereum's early days while promoting decentralisation and the democratisation of finance on Base. The registry lists a total and maximum supply of 1,000,000 ETHB, with a self-reported circulating supply of 744,280 ETHB (74.43%). The project's own description instead cites a finite supply of 754,000 tokens; this figure does not match the registry data and should be treated as the project's own claim. The project frames this scarcity as a core part of its value proposition. ETHB is listed on CoinMarketCap under the Base Ecosystem tag. The project's holder base is reported on CoinMarketCap's holders section.

Key Specifications & Tokenomics

• Name: ETHEREUM ON BASE
• Ticker/Symbol: ETHB
• Blockchain/Network: Base (Base Ecosystem)
• Category: Base Ecosystem token
• Max Supply: 1,000,000 ETHB
• Total Supply: 1,000,000 ETHB
• Self-Reported Circulating Supply: 744,280 ETHB (74.43%)
• Launch date: 26 May 2024
• CoinMarketCap listing date: 20 June 2024
• Explorer: basescan.org
• CoinMarketCap ID (UCID): 31915

The tokenomics of ETHB centre on a fixed maximum supply of one million tokens. The project's own description emphasises limited supply as a mechanism for rarity and potential value appreciation, aligning with the principle of digital scarcity. The registry lists a circulating supply of 0 alongside a total and maximum supply of 1,000,000 ETHB, while the project self-reports 744,280 ETHB in circulation. Supply figures differ between the registry (total and maximum 1,000,000 ETHB, circulating 0) and the project's self-reported 744,280 ETHB in circulation, so readers should treat the circulating figure as unverified.

Who created ETHEREUM ON BASE?

The project does not publicly name a founder or development team. Its official channels are the website ethereumonbase.com and its Telegram and X accounts, which are the primary sources for project updates. The project's public-facing description focuses on its mission and vision rather than on individual leadership. Prospective participants should conduct their own research through the project's official channels before making any decisions.

How does ETHEREUM ON BASE work?

ETHEREUM ON BASE operates as a token on the Base network, an Ethereum Layer 2 solution. Base is designed to extend Ethereum's capabilities by providing a scalable environment while inheriting Ethereum's security foundations. ETHB transactions are recorded on Base and can be verified through basescan.org, the network's block explorer. The project describes its operation as rooted in Ethereum's mission of decentralisation and democratisation of finance, with the goal of enhancing Ethereum's capabilities and reach through the Base ecosystem. ETHB is a token contract deployed on Base rather than a standalone blockchain or Base's native asset; its functionality depends on Base's infrastructure for settlement, security and transaction processing. The registry-listed Base contract address is 0x8d285df5be4570097e84241090fca8034ab18547, verifiable at basescan.org. Note that some sources also cite 0xcaa6fa6031107f7c4796551deab12d771a95df7d, so users should confirm the address through the project's official channels before interacting. A whitepaper is referenced via BitScreener, described as covering the basics of ETHEREUM ON BASE and its smart contract development.

What makes ETHEREUM ON BASE unique and valuable?

ETHEREUM ON BASE differentiates itself through several stated principles. First, the project emphasises a limited supply of 754,000 tokens in its own description, which it says ensures rarity and potential value appreciation consistent with digital scarcity. Second, it highlights immutable security and transparency by building on the Base network, where transactions are described as secure, transparent and verifiable, with Base's features amplifying Ethereum's security protocols. Third, the project positions itself as community-centric, describing its ecosystem as a collective of individuals dedicated to the future of decentralised finance rather than a mere network. Fourth, it offers what it calls innovative participation opportunities, inviting holders to engage with a project reminiscent of Ethereum's early days. The project frames itself not just as a cryptocurrency but as a movement, where every token holder contributes to the evolution of decentralised finance and helps shape a more inclusive and innovative financial system. These are the project's own claims; a capped supply does not by itself create demand, and the token is a micro-cap asset whose price can be highly volatile.

What is ETHEREUM ON BASE used for?

ETHB functions as the native token of the ETHEREUM ON BASE project on the Base network. According to the project's description, holding and participating with ETHB allows individuals to become part of a pioneering community that values innovation, security and scarcity. The token is presented as a means of participation in a project that seeks to revive the spirit of the Ethereum ICO, giving enthusiasts a second chance to engage with a revolutionary project from the ground level. ETHB is also described as a tool for contributing to the evolution of decentralised finance, with each participant helping to shape a more inclusive and innovative financial system. Practically, the token can be bought, sold and swapped through supported platforms, and Crypto.com lists conversion pairs for ETHB against multiple fiat currencies including AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD and KRW. The project also mentions availability for swapping via Onchain, a decentralised product.

How Is the ETHEREUM ON BASE ecosystem developing?

The ETHEREUM ON BASE ecosystem is in an early stage of development. The project maintains a presence on CoinMarketCap with sections for community, holders, news and markets, and its official website and social channels are listed there. The project's holder base is reported on CoinMarketCap's holders section, suggesting a growing but still nascent community. Liquidity and trading activity are limited relative to larger tokens, and the token trades on a very small number of markets. The project's development narrative focuses on community building and the promotion of Ethereum's values on Base rather than on a published roadmap or a list of ecosystem partners; a whitepaper is referenced via BitScreener. As with many early-stage tokens, the ecosystem's trajectory will depend on continued community engagement and broader adoption within the Base network.

How to mine ETHEREUM ON BASE?

ETHEREUM ON BASE is not a mineable proof-of-work cryptocurrency. It is a token issued on the Base network, which is an Ethereum Layer 2 that uses Ethereum's consensus mechanism rather than independent mining. As a result, there is no traditional mining process for ETHB. Participants acquire the token through supported buying or swapping platforms rather than through mining hardware or staking rewards. The project's description does not outline a staking programme or validator mechanism for ETHB itself. Those interested in obtaining ETHB should use the buying and swapping options available through supported services and follow the project's official channels for any future updates regarding token distribution or participation mechanisms.

How to keep your ETHEREUM ON BASE Coin safe?

Keeping ETHB safe begins with choosing a reputable wallet that supports the Base network. CoinMarketCap lists wallets under its ETHEREUM ON BASE page, and users should verify that any wallet they choose explicitly supports Base and ERC-20 style tokens. Because ETHB is a token contract on Base, it can be held in compatible self-custody wallets where the user controls the private keys. Best practices include storing the majority of holdings in a hardware wallet for long-term security, never sharing seed phrases or private keys with anyone, and verifying contract addresses before interacting with any token. The registry-listed Base contract address is 0x8d285df5be4570097e84241090fca8034ab18547, and users should always confirm the full address through the project's official channels or the Base explorer at basescan.org before sending funds. Additional precautions include using official website and social links listed on CoinMarketCap, avoiding unsolicited messages and fake token airdrops, and keeping software wallets updated. As with any cryptocurrency, only invest what you can afford to lose, and conduct independent research before making any transaction.