What Is BaseGold (BG)? A Beginner's Guide
BaseGold is a digital collectible ecosystem on Base: NFT mines and games, a fixed-supply token, and trading products such as MineSwap, built by developers and traders. This guide explains each piece and how to get started.
The Collectibles and Games: NFT Mines
A mine plot is an ERC-721 NFT on Base, minted against 0.10 BG, with on-chain metadata that changes as the plot is worked. Owning a mine gives access to The Mine, the game: shop upgrades and barracks are paid in BG and burned, and raids and defence run between mine holders across seasons. The Mine, InstantBurn, and Season 3: WAR all route BG into permanent burns. Learn more in Play to Burn.
The Token: BG
BG is the fixed-supply token and in-game currency. BaseGold launched with a fixed supply of 10,000 BG. There is no mint function, so no new tokens can be created, and the token's ownership is renounced. The number in circulation can only go down, through burns. (For more, read BaseGold's Fixed Supply.)
The Burns: How Supply Is Reduced
BaseGold uses six burn mechanisms that permanently destroy tokens: voluntary holder burns, MineSwap buyback-and-burn, mine plot purchases (0.10 BG each), in-game shop spending (100% burned), InstantBurn treasury buybacks funded by in-game ETH spend, and Golden Council protocol burns. Each one sends BG to a dead address it can never return from.
The Network: Base
Base is an Ethereum Layer 2, which means BaseGold transactions are fast (seconds, not minutes) and inexpensive, while still settling to Ethereum for security. You interact with BaseGold using a standard Web3 wallet.
The Trading Product: MineSwap
MineSwap is BaseGold's trading product. It fills one order across every BG venue on Base and burns from every trade. Its next version, the immutable burn hub, takes the protocol share inside the swap itself: on BG pairs it burns in the same transaction, and pools quoted in ETH or USDC forward their share to an immutable vault where a self-funding Furnace converts it to BG and burns 99%. No owner, no upgrade path, no fee switch.
Two more pieces are in development and not yet released: a token launchpad on Base, quoted in BG, and the Divi Protocol, a planned optional distribution mechanism for launched tokens. No terms, rates or dates have been set, and details may change.
How to Get Started
- Set up a wallet. Use a self-custody wallet such as MetaMask, Coinbase Wallet, or Rainbow.
- Get ETH on Base. You'll need a small amount of ETH on the Base network to cover transaction fees.
- Acquire BG. You can get BaseGold through the MineSwap DEX. Always confirm the official contract address from basegold.io first.
- Explore the ecosystem. Try the games, read the whitepaper, and learn the tokenomics.
Always do your own research and only ever transact with the official contract address published on basegold.io. Self-custody means you are responsible for your wallet's security.
Ready to Explore?
Dive into the mines, the games, and the tokenomics behind BaseGold.
Explore BaseGoldDisclaimer: This article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency carries significant risk, including the potential loss of your entire investment. Scarcity and deflationary mechanics do not guarantee value or price appreciation. Always do your own research and never invest more than you can afford to lose.