BTCB - Blue Paper

On the 25th of May 2024 at 9:06 am PST, the domain name bitcoinonbase.io was registered.

Later that morning, a link to a paper authored by Katomo Noto titled "Bitcoin on Base: Taking Bitcoin Back From Big Banks" was posted to an open writing platform called Medium.

URL: medium.com/@support_43378/bitcoin-on-base-reclaiming-ou-financial-independence-c720eeb4ff2f

This paper was a call to rise-up and re-imagine Bitcoin for the entire Base community (the fastest growing Ethereum L2 Blockchain on Earth).

His paper suggested that the original Bitcoin had been co-opted by Corporations, Big Banks, and the Wall Street elites.

Noto goes on to lament the loss of Bitcoin — a technology that was built to be a counter-culture key to help humanity escape the rigged financial matrix we have all been relegated to in a perpetual state of frustration and despair.

Noto also shared his dream of a brave new Bitcoin inspired movement of the people, for the people, by the people.

This was Katomo Noto's first X Post made just before the token launched:

Katomo Noto's Post:

URL: x.com/BTC__Base/status/1794433707572703560

That afternoon, Bitcoin on Base was deployed on a token launchpad known as BaseJump with Katomo Noto minting the genesis $BTCB tokens (keeping just 3% of a 21,000,000 total supply), which was a yield of 630,000 Bitcoins on Base.

Bitcoin on Base was the highest grossing BaseJump launch in the history of the platform—selling out in 4 hours and 20 minutes.

$BTCB immediately caught on like wildfire, reaching 1000 holders and a 2.5 Million Dollar Market Cap within its first 36 hours of existence.

Bitcoin on Base has gone on to become the #1 trending crypto asset on the Base Blockchain.

The Bitcoin on Base movement is a movement of the people, for the people, by the people and it will never perish from this earth.