How to Buy Base Baboon ($BOON) – A Beginner’s Guide

Base Baboon ($BOON) is a deflationary meme coin built on the Base Layer 2 Ethereum blockchain. This gives $BOON cheaper transaction fees, allowing anyone to invest any amount without paying exorbitant amounts of money on gas fees. On top of that, $BOON offers strong tokenomics designed to lower the token supply and increase adoption.

This guide shows how to buy Base Baboon in four steps, from setting up your crypto wallet to getting your $BOON tokens in a matter of minutes. Let’s get started.

Base Baboon Token Key Points

Before we begin, here’s a quick overview of the Base Baboon meme coin:

  • Meme coin: Meme coins are the meta during this early bull cycle in 2024, meaning they tend to outperform traditional coins like Bitcoin, Ethereum and Solana in a short time frame. This gives investors an opportunity for massive returns within days and weeks.
  • Deflationary tokenomics: Most meme coins don’t bother with tokenomics. However, the team behind Base Baboon has done their homework; With each transaction you make, whether it be sell or buy $BOON tokens, 1% tax will be charged and burned, removing the tokens from circulation.
  • Launched on Base: Base is a Layer 2 Ethereum blockchain built by one the largest crypto exchanges, Coinbase. Using Base comes with lower transaction costs and fast transactions, meaning transactions will cost 10 times less compared to Ethereum.

How to Buy Base Baboon ($BOON) – A Beginner’s Guide

This is how you buy $BOON in four steps:

Step 1: Set up a Crypto Wallet

Since Base is a Layer 2 blockchain on Ethereum, you can use an Ethereum wallet like MetaMask. If you don’t have one already, install it as a browser extension from the MetaMask website.

metamask walletSet up your wallet next. Create an account, write down your seed phrase on paper, and never share it with anyone. If your computer is stolen or you need to install Chrome again, the only way to gain access to your assets is to use the seed phrase, also known as a recovery phrase.

Set up your Base network next. Click the MetaMask browser extension and select the Ethereum logo at the top left. Select “Add Network” if you don’t see Base and install it from the next section.

Step 2: Buy ETH

Visit a centralized exchange like Coinbase, Binance or Kraken and buy ETH. You can instantly buy it with a card and pay fees of up to 4%, or you can deposit funds via bank transfers or other means and purchase ETH on the spot market. The second option may save you money on fees but it could take days.

Withdraw your funds using the MetaMask wallet address.

Step 3: Visit Base Baboon

You can either go directly to SushiSwap or Uniswap and find the $BOON token yourself, or you can visit the Base Baboon website and follow the links that will take you directly to these decentralized exchanges with the $BOON token set for trading.

buy boon

Try both and see which one gives you a better exchange rate.

Step 4: Buy $BOON

Connect your MetaMask wallet to either SushiSwap or Uniswap and enter the amount of ETH you wish to use to buy $BOON. When ready, swap your tokens.

uniswapYour $BOON tokens are now in your MetaMask wallet.

What is Base Baboon?

Base Baboon is a meme coin built on Base, a Layer 2 Ethereum blockchain built by Coinbase. The idea is to combine meme humor and use blockchain tools and tokenomics to reach $1 billion in market cap.

There are several approaches the team plans to take to achieve this ambitious goal. First, they will implement a burn tax where a percentage of all $BOON transactions are burned to reduce supply and make the token scarce.

Next, using 5% of the total token supply for marketing purposes and 3% marketing tax on each transaction, the team plans to spread the word and grow the community. This includes targeting social media influencers and listing on centralized exchanges and CoinMarketCap and CoinGecko.

Worth noting is that the team engages in regular AMAs, hosts contests and giveaways and provides 24/7 community support.

Base Baboon Tokenomics

One of the main features where Base Baboon stands out among meme coins is its tokenomics. Meme coins typically are fun-based only and have no real utility. But Base Baboon has stepped up the game.

The maximum supply is 420,069,000,000 tokens, out of which 5% are set aside for marketing and another 5% for the developers. 10% of the tokens have already been burned. Moreover, 1% of each transaction will go as a burn tax and another 1% will go to liquidity pools. For marketing purposes, 3% of each transaction will be set aside.

The Base Baboon DAO will vote on how the marketing funds are to be spent, giving governance to the community.

Why Buy $BOON

Meme coins have become incredibly popular and have reached levels last seen before the crypto bubble burst in 2021. This has made many new millionaires who have made the right trades at the right time.

Here are three reasons why to buy $BOON:

  • Uses Base Layer 2: Meme coin trading is hard on the Ethereum blockchain as transactions can sometimes cost more in gas fees than the transaction itself. The Layer 2 Base chain fixes this and offers 10x lower fees than Ethereum.
  • Strong tokenomics: Base Baboon uses a tokenomics model to incentivize lowering the token supply via burn tax, and spreading the word via marketing tax on every transaction.
  • Low market cap: $BOON has a market cap of $2.5 million at the time of writing. This is what meme coin traders typically look at – tokens with low market cap have more room to grow.

Base Baboon Price Prediction – What is $BOON’s Potential?

The meme coin craze doesn’t show a hint of stopping. Recently, two meme coins on the Base Layer 2 were up over 2,000% and the trend continues.

$BOON currently trades at a market cap of $2.5 million with a price of $0.0000062. Most popular meme coins trade at a market cap of over $200 million. If Base Baboon reaches that mark, it will do 80x from current prices. That would put $BOON at a $0.000496 price, which is achievable by the end of 2024.

If the team’s target price of $1 billion market cap is reached, Base Baboon would be 400x from current prices. This could make it an attractive option at this point.

Conclusion

Base Baboon is a new meme coin on the Base Layer 2 blockchain. It comes with strong tokenomics designed to lower the token supply and increase adoption via marketing efforts. To buy the $BOON token, you need a MetaMask wallet and you need to add the Base network.

Buy ETH from a centralized exchange and move it to your wallet to complete the transaction.

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Michael Graw
Editor

Michael Graw is an experienced writer in the business and B2B tech fields. His articles can be found on Business Insider, Entrepreneur, Tom’s Guide, and TechRadar, and cover everything from corporate finance to crypto and international tech regulation. A prolific copywriter and entrepreneur, Michael has worked with a wide range of SaaS and tech companies and has his finger firmly on the pulse of B2B tech and finance.