Problem
"Bitcoin is the most trusted and popular crypto investment asset but it's meant to be so much more..."
Using Bitcoin is hard.
Holding is easy, but there are more sides to this coin
- Bitcoin is digital, blockchain-based money. It's utility is the same as any other money: Store of value (save/invest), means of exchange (pay/transact), and measure of value (cost/denomination).
- Bitcoin’s blockchain (the layer 1 or L1) makes it the most secure decentralized settlement layer for transactions because of it's Proof of Work consensus and high node count. But that makes it slow and expensive due to block validation times and gas fees to miners.
- Bitcoin's price appreciation and broad adoption are driving technical innovation on top of the existing blockchain to make it faster, cheaper, and smart contract compatible - these projects are called Layer 2 or L2 solutions.
- L2s enable faster and cheaper payments and peer to peer transactions, decentralized exchange, swaps to other crypto, Dapps, yield generation (DeFi), and even token and NFTs creation. But there are a lot of L2s and each one requires it's own integration and compatible wallet - this is known as the Bitcoin ecosystem's fragmentation problem.
- Only experienced users can juggle multiple platforms and/or wallets to access different L2s to unlock Bitcoin's full utility. Regular people just buy and hold, and never make the transition to native/decentralized functionality for even simple things like paying for everyday purchases.
The Bitcoin Ecosystem's Fragmented "Layers"
Solution
An L3 solution
Base8 is an easy to use mobile app that offers full Bitcoin utility by aggregating L2s and adopting the Satoshi or SAT denomination.
We're defined as a Layer 3 or L3 solution because we are an application layer solution - the app sits between many Bitcoin L2s and our users.
- We help users navigate Bitcoin's steep learning curve by chaperoning their journey from first centralized investment to a self custody wallet, native payments, and DeFi.
- The app's user experience is engaging while our backend handles the complexity of Bitcoin’s layered blockchain ecosystem.
- We support Bitcoin's native, much cheaper denomination - a Satoshi or SAT (#stacksats). It's a simple mathematical switch from BTC to SATs, yet fundamental to unlocking Bitcoin’s usability. SATs are affordable and eliminate the need for decimals when it comes to investing, plus they are much easier for pricing goods and services.
Product
Traction
Roadmap
Next steps
Growth strategy
Operational
- Key Hires: Targeting senior engineers, a CISO, QA lead, and social/marketing manager to drive product development and scaling.
- Legal Preparation: Developing the $BASE8 token airdrop, with tokenomics modeling and Cayman entity formation.
Product
- App Enhancements: Continuous improvement based on user feedback, with a focus on security protocols and backend optimization for scaling.
Marketing
- User Acquisition Funnels: Social and email-driven campaigns focused on turning downloads into active users with $BASE8 and SAT rewards as incentives.
- Enhanced Engagement: Integrating affiliate marketing alongside paid ads, organic posts, and referral promotions.
Business model
Forecasts
Competition
No one's doing it - but they’re definitely thinking about it.
Bitcoin-only apps lean into Bitcoin as a store of value
Fashioned more like banking and discount brokers, these apps choose simplicity and a familiar UX/UI to target traditional investors with traditional investment objectives.
Bitcoin wallets favor decentralization over user experience
Blockchain native wallets deliver the most decentralized and authentic Bitcoin utility, but they are harder and riskier to use, and perpetuate Bitcoin’s fragmentation problem.
Founders
Our team
Summary
Why you should invest in Base8
Base8 is building a Satoshi super app that democratizes access to Bitcoin’s value as an investment asset and its utility for both traditional and digital economies.
By addressing the fragmentation in the Bitcoin ecosystem and focusing on the user experience, anyone with a phone and internet (and our app) can fully harness the power of Bitcoin.