BasedBlocks

Welcome to the official documentation of BasedBlocks, a gamified DeFi mining experience built on the Base network.

Introduction

BasedBlocks is an ERC-20 token (symbol: BBSV) that can only be mined using Proof of Work (PoW) on the Base network. The project is a satirical response to the over-abundance of inflationary tokens and aims to provide a nostalgic, fair mining mechanism, especially for those who missed the early days of Bitcoin faucets and mining.

Core Concepts

• Token Symbol: BBSV (BasedBlocksSatoshi Vision)
• Total Supply: 210,000,000 BBSV
• Initial Block Reward: 500 BBSV per block
• Halving Interval: Every 210,000 blocks

The design is inspired by Bitcoin's economics:

• 1st halving: 500 → 250
• 2nd halving: 250 → 125
• Continues up to 64 halvings...

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Layer Structure

BasedBlocks has a two-layered mining structure:

1. Virtual Blocks (Off-Chain Layer):

   • Each miner receives unique data to solve (proof input).
   • Proofs are validated off-chain via relayers.
   • Only claimed blocks are committed on-chain.
   • Offers a fair mining experience with an element of gamification.

2. Based Blocks (On-Chain Layer):

   • When a virtual block is claimed, it becomes a real on-chain block.
   • Tokens are minted and sent to the miner.
   • The main chain is formed from these validated blocks.

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Token Emission & Halvings

The reward per block decreases by half every 210,000 blocks, just like Bitcoin. Here’s how it breaks down:

Halving	Block Range	Reward per Block	Total Issued BBSV
1st	0 – 209,999	500 BBSV	210,000 × 500 = 105,000,000
2nd	210,000 – 419,999	250 BBSV	210,000 × 250 = 52,500,000
3rd	420,000 – 629,999	125 BBSV	210,000 × 125 = 26,250,000
4th	630,000 – 839,999	62.5 BBSV	210,000 × 62.5 = 13,125,000
5th	840,000 – 1,049,999	31.25 BBSV	210,000 × 31.25 = 6,562,500

This halving model continues for 64 cycles, progressively reducing emissions.

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Mining Cost and Inflation Control

• Users can generate unlimited virtual blocks.
• A block becomes “real” only upon claim (approx. $0.10 cost per claim).
• This cost disincentivizes instant token selling and stabilizes inflation.
• Block reward: 500 BBSV (base level)

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Referral System

A built-in referral tree tracks each miner’s inviter. Whenever your referral mines a block, you receive referral points that are periodically converted into ETH. This:

• Helps grow the community
• Rewards early adopters with ETH (not BBSV)
• Has no inflationary impact on the tokenomics

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Mining Power Boost

Default reward per block is 500 BBSV.

📌 Summary

• Fair Mining Process
• Inflation Control
• Viral Referral System
• Gamified Level Boost

Proof of Work can be fun. Mine. Claim. Be Based. 🚀

🌐 Quick Links

• 🌍 Website (placeholder, replace with actual link)
• 📄 Whitepaper (placeholder)
• 📣 Twitter (placeholder)
• 📣 Medium (placeholder)

📜 License

MIT © BasedBlocks