BasedAIPrice

(BASEDAI)

BasedAI is a Layer-1 network specifically designed for Zero-Knowledge Large Language Models (ZK-LLMs). Unlike many AI projects that focus on decentralized rendering or data marketplaces, BasedAI prioritizes privacy. It allows users to prompt AI models without exposing raw data to the network using Fully Homomorphic Encryption (FHE) and Zero-Knowledge proofs. While it shares structural similarities with other decentralized intelligence networks through its use of subnets, its core focus remains on private, encrypted computation.

In the BasedAI ecosystem, "Brains" are the processing nodes or subnets that form the network's backbone. Each Brain can host a distinct AI model, such as a private version of an LLM, supported by miners and validators providing computational power. "Brain Credits" are digital tokens or rights that facilitate ownership and participation. Holding or staking these credits allows users to interact with specific models and earn rewards based on the network's processing activity.

BasedAI utilizes Fully Homomorphic Encryption (FHE) to allow data processing while it remains encrypted. To ensure efficiency, the project employs a proprietary process called "Cerberus Squeezing." This quantization technique optimizes Large Language Models so they can run effectively within an FHE environment, creating "ZK-LLMs" that are faster and more cost-effective. Furthermore, the network uses a Proof of Intelligence (PoI) mechanism where nodes perform machine learning tasks to validate the network.

The $BASED token is the central utility asset used for staking on "Brains," paying for private AI computations, and participating in network governance. The network rewards participants by issuing tokens every 10 seconds to incentivized Brains, which are then distributed among miners and validators. This model ensures a steady flow of computational resources to the ecosystem while providing clear incentives for those securing the decentralized AI infrastructure.

$BASED is available for trading on leading global exchanges such as LBank. It can also be accessed through decentralized exchanges on the Ethereum mainnet. For storage, $BASED is compatible with any EVM-compatible wallet, including LBank’s integrated wallet services or external options like MetaMask. This allows users to securely manage their assets while engaging with the project's decentralized AI features.

BasedAI has successfully completed its Prometheus and Cyan testnet phases and has undergone comprehensive third-party security audits to ensure smart contract integrity. The project is currently moving toward its most significant milestone: the transition from an ERC-20 token to a native Layer-1 blockchain. This evolution is expected to fully unlock the network's capabilities, enabling seamless and private decentralized AI processing on its own dedicated infrastructure.