Burning (Lifetime VIP access)

To gain Lifetime access, the user can burn 100,000 $BASEX tokens. This benefits $BASEX as it reduces the total supply, making it more scarce.

Lifetime access is only granted if the user burns tokens via https://baseterminal.org/ because it interacts with a smart contract (called VIPAccess). If the user calls "burn()" on the $BASEX token contract or sends tokens to 0xdead, VIP access will not be granted.

FAQs

If I withdraw early from Staking or Locking-up does this contribute towards Lifetime VIP access?

No, the burning mechanism in place for early withdrawals from Staking or Locking-up is a penalty and no counted towards Lifetime VIP access.