Based AI (BAI) is an innovative cryptocurrency token that integrates artificial intelligence (AI) technology with blockchain to create a unique ecosystem for AI-powered trading and decentralized applications.
Launched in 2024, Based AI aims to transform how AI models are owned, developed, and utilized within a decentralized P2P network (peer-to-peer)
What makes Based AI ($BASEDAI) Unique?
In the realm of new crypto ai tokens erupting every day, Based AI makes the interaction between blockchain networks decentralized by using web3.0 standard infrastcuture making AI app development and deployment seamless.
At the heart of Based AI is the concept of “Brain Credits,” digital tokens that empower users to engage in and hold ownership of AI models. This innovative framework fosters a more inclusive and decentralized AI development process.
Initially launched as a meme token, Based AI has ambitious plans to evolve into a comprehensive AI platform, emphasizing community-driven development and the power of decentralized networks.
What are the Key Features of Based AI?
- AI Integration: Based AI incorporates advanced AI algorithms to power smart trading functionalities. These algorithms analyze vast datasets, delivering efficient trading decisions while enhancing security.
- Decentralized AI Ownership: The Brain Credits model allows users to own and control AI models without relying on centralized entities, democratizing access to advanced AI technology.
- Proof of Intelligence (POI) Consensus: Based AI utilizes a unique consensus mechanism called Proof of Intelligence. Instead of solving mathematical problems, nodes perform machine learning tasks to demonstrate intelligence and earn rewards.
- Privacy-Focused Network: The platform leverages advanced cryptographic techniques to safeguard user data, addressing one of the most critical concerns in the cryptocurrency ecosystem.
- Strategic Partnerships: Based AI collaborates with leading AI and security firms, integrating cutting-edge technology and ensuring robust security measures.
- Community-Driven Development: The platform prioritizes community involvement, enabling token holders to participate in governance decisions and shape its future.
Technical Analysis of Based AI Crypto
Source: TradingView
- The RSI reading of 18.74 indicates severely oversold conditions, suggesting a potential technical bounce is imminent. Historically, such extreme oversold readings have preceded significant price recoveries.
- The consistent trading volume of 11.2K BASEDAI shows maintained market interest despite price decline. This sustained volume could provide support for a potential reversal. The current price at $3.409 presents an attractive entry point, being significantly below recent highs of $6.000. From the past readings of Based AI price, a strong rebound from similar oversold conditions have sustained.
- Traders looking for reversal opportunities might find the current price levels attractive for position building, with clear resistance levels serving as profit targets.
How to Buy Based AI Crypto on Bitunix?
Trading in $BASEDAI token on Bitunix is easy. You can choose to trade in Follow the steps below to start trading:
To start trading, you need to create an account on Bitunix and complete your KYC verification. If you are already an existing user, you can simply head over to Spot tab in the main navigation menu.
Now, select the BASEDAI/USDT pair to open the spot trading window. You can place a limit or a market order to buy or sell BASEDAI.
Ensure your account is sufficiently funded. If not, you can deposit crypto in your account.
Watch our step-by-step tutorial on How to deposit crypto on Bitunix?
How to Buy Crypto on Bitunix?
If you don’t have any crypto, you can buy crypto via third party providers on Bitunix. To buy crypto, follow the below steps
- Head to the Buy Crypto tab in the main menu and choose the cryptocurrency you wish to buy. In this case, you need to buy USDT to be able to trade in BASEDAI/USDT.
- Next, choose the currency you wish to pay in (fiat currency like USD) Add the amount you wish to invest. (Please note: buying crypto via third parties incur fees levied by the provider)
- Finally, choose the mode of payment. The on-ramp crypto providers accept Apple Pay, bank transfer and credit/debit cards.
- Once you have chosen your mode of payment, follow the next steps and complete the transaction. The funds will be deposited into your Bitunix account.
How to Sell Crypto on Bitunix P2P Trading Platform?
Now, you can also buy and sell cryptocurrencies on Bitunix P2P. You can buy and sell cryptocurrencies like USDT. At Bitunix we do a thorough check of merchants to make sure that your P2P buying and selling crypto experience is seamless.
Besides safety, you can choose from a variety of payment options depending on your country. Bitunix extends P2P trading facilitation for major fiat currencies.
