Base8 Launches UserFriendly Bitcoin Neobank and Initiates Crowdfunding Campaign on Republic

CoinDesk Report:
[Press Release – New York, New York, October 24, 2024]
The roadmap features L2 payments, trading, and DeFi, with a user experience that utilizes the more intuitive minimum denomination of Satoshis (SAT) compared to Bitcoin.
Base8
Bitcoin Layer 3 mobile platform is proud to announce its official launch, bringing a seamless and user-friendly solution to the world of cryptocurrency. Base8 is designed for both beginners and experienced users, integrating Bitcoin Layer 2 (L2) solutions such as the Lightning Network for fast payments, Babylon for Bitcoin staking, and Stacks for Bitcoin DeFi. Additionally, the application is one of the first to support SAT (Satoshis) and already offers trading for over 35 other liquidity tokens, making Bitcoin utility and crypto investments more accessible to everyday users.
Bitcoin’s New Digital Bank for the Digital Economy
Base8’s vision goes beyond simple cryptocurrency investments. The platform aims to develop into a universal digital banking solution for Bitcoin, combining centralized investments with decentralized finance (DeFi) and utilities. Base8 focuses on SAT and is committed to supporting native Bitcoin L2, providing users with a simple and secure way to invest, manage, and use crypto assets, leveraging all the advantages of Bitcoin’s decentralized settlement layer (i.e., blockchain).
Alex Shapiro, Co-founder and CEO of Base8, said, “Bitcoin is not just an asset to buy and hold, but that’s how the majority of the two billion people use it.” “We are building Base8 to unlock the potential of Bitcoin by simplifying the user experience and handling complex decentralized integrations.”
Simplifying Bitcoin with SAT
Base8 adopts the minimum denomination of Bitcoin SAT (Satoshis) to help users transact, invest, and manage assets without dealing with decimals. With its intuitive design and institutional-grade security and custody, the application becomes one of the safest and most practical platforms for retail investors. Users can fund their accounts with ACH, SEPA, debit/credit cards, and cryptocurrency deposits, enabling immediate participation in the crypto economy.
Republic Crowdfunding Campaign
With its launch, Base8 has already raised $1.24 million in a crowdfunding campaign on Republic and plans to raise a total of $3.5 million in seed funding after a successful seed round of $500,000 in 2023. The campaign has a waitlist of over 31,000 users and nearly 1,000 testers, offering an opportunity for early supporters and crypto enthusiasts to participate in building a project focused on Bitcoin accessibility and the future.
Mohamed Saidi, Co-founder and Chief Strategy Officer of Base8, added, “Base8 is not just an application; it is a movement to make Bitcoin practical. By joining our crowdfunding campaign, you can become part of our growth and help shape the upcoming Bitcoin economy.”
The funds from the campaign will be used to enhance Base8’s core technology products and L2 integrations, as well as user acquisition plans. The 2025 planned release includes features such as a Bitcoin Lightning wallet, debit cards with Apple NFC, and decentralized functionalities like staking, yield generation, and cross-chain swaps. These features will transform Base8 into a comprehensive, integrated platform that combines centralized and decentralized services, providing users with the best of both worlds.
About Base8
Base8 is the next-generation Bitcoin Layer 3 platform aimed at making Bitcoin utility more accessible to everyday users. Base8 focuses on simplifying Bitcoin transactions and providing a user-friendly experience, incorporating key features such as SAT (#StackSAT), L2 solutions, and institutional-grade security to create a seamless entry point for retail and institutional investors. Base8 believes that Bitcoin should be used as intended from the beginning – as the future of digital currency.
Base8 Website: https://base8.app/
Users can download the Base8 application from the Apple Store or Google Play Store.
Users interested in investing in Base8 on Republic can do so here.
For media inquiries or more information, please contact: [email protected]