Base8 Unveils Bitcoin Neobank and $1.24M Crowdfunding Launch

[PRESS RELEASE – New York, USA/NY, October 24th, 2024]

The roadmap includes L2 payments, trading, and DeFi, featuring a user experience that embraces Satoshis (SATs), which is Bitcoin’s more user-friendly smallest unit.

Base8, a Layer 3 platform for Bitcoin aimed at mobile users, is excited to announce its official launch, providing a smooth and straightforward solution in the cryptocurrency landscape. Designed for both novice and seasoned users, Base8 will incorporate Bitcoin Layer 2 (L2) technologies such as the Lightning Network for efficient payments, along with Babylon for Bitcoin staking and Stacks for Bitcoin DeFi. Moreover, the app is among the pioneers to embrace SATs (Satoshis) and currently supports trading for over 35 other liquid tokens, making Bitcoin utility and crypto investments more approachable for everyday users.

A Bitcoin Neobank for the Modern Economy

Base8’s mission transcends basic crypto investment. The platform aims to transform into a comprehensive digital banking solution for Bitcoin that harmonizes centralized investing with decentralized finance (DeFi) and practical utility. By focusing on SATs and supporting native Bitcoin L2s, Base8 provides users with a straightforward and secure method to invest, manage, and utilize crypto assets, leveraging all the advantages of Bitcoin’s decentralized settlement layer, commonly known as the blockchain.

“Bitcoin is intended to be much more than simply a buy-and-hold asset, yet that’s how most of the two hundred million users approach it,” remarked Alex Shapiro, Co-Founder and CEO of Base8. “Base8 is being developed to realize Bitcoin’s full potential by creating a simple user experience while managing the intricate decentralized integrations behind the scenes.”

Simplifying Bitcoin Transactions with SATs

Base8 incorporates SATs (Satoshis), the smallest unit of Bitcoin, to aid users in trading, investing, and managing their assets without dealing with the complexities of decimals. The app boasts an intuitive interface, along with institutional-grade security and custody, positioning it as one of the most secure and user-friendly platforms for retail investors. Users can fund their accounts via ACH, SEPA, debit/credit cards, and cryptocurrency deposits, enabling instant participation in the cryptocurrency economy.

Crowdfunding Initiative on Republic

In conjunction with its launch, Base8 has initiated a $1.24M crowdfunding campaign on Republic, aiming to collect a total of $3.5M in their seed funding round, building on a successful $500k pre-seed raised in 2023. With a waitlist exceeding 31,000 users and nearly 1,000 beta testers, the campaign presents an opportunity for early adopters and crypto enthusiasts to engage in constructing a project dedicated to accessibility and the future of Bitcoin.

“Base8 is not just an application—it’s a movement aimed at making Bitcoin practical. By joining our crowdfunding campaign, you become part of our journey and contribute to shaping the forthcoming Bitcoin economy,” stated Mohamed Saidi, Co-Founder and Chief Strategy Officer of Base8.

Funds raised will be utilized to advance Base8’s core technological offerings and L2 integrations, as well as initiatives for user acquisition. Expected launches for 2025 include a Bitcoin Lightning wallet, a debit card equipped with Apple NFC, and decentralized functionalities such as staking, yield generation, and cross-chain swaps. These additions will evolve Base8 into a holistic, all-in-one platform that fuses centralized and decentralized services, providing users with the best of both realms.

About Base8

Base8 is an innovative Bitcoin Layer 3 platform designed to enhance Bitcoin utility for regular users. With an emphasis on streamlining Bitcoin transactions and delivering a user-centric experience, Base8 integrates essential features such as SATs (#StackSATs), Layer 2 solutions, and institutional-grade security, crafting a seamless entry point for both retail and institutional investors. Base8 envisions Bitcoin as a tool for the digital currency of the future as originally intended.

Base8 Website: https://base8.app/

Download the Base8 App: Apple Store | Google Play Store

Interested users can invest in Base8 on Republic here.

For press inquiries or additional information, please contact: team@base8.app