Base Token Sparks Debate Over User Rewards vs. Shareholders

[etfs]

Analysts warn a Base token could favor Coinbase shareholders, creating complex game theory around balancing user incentives and enterprise value.

Messari notes: rewarding behaviors that drive durable value—like app usage and social interactions—may matter more than raw trading metrics.

The question: how can a publicly traded company launch a blockchain token without disadvantaging shareholders?

[Abdul Khan]

This debate is long overdue. Projects must balance rewarding early users with satisfying investors — otherwise, communities lose faith quickly.

[Nahid Hossen]

This selling pressure is natural after a long accumulation phase. Many holders are taking profits while uncertainty around regulations still lingers.