# Introduction Based Rate, a revolutionized tomb fork, introducing a fresh wave of utilities and innovative features to the ecosystem for enhanced support and long-term sustainability set to change the meaning of Tomb Fork forever! At the heart of Based Rate is $BRATE, the algorithmic token that stands as the bedrock of an ever-expansive protocol. $BRATE is propelled by a mission to infuse users with liquidity, giving them the power to unlock uncharted horizons. As the stage is set for the launch of Based Rate, our Team knows no bounds and we're on the edge of a transformative chapter where $BRATE will ignite a movement, contributing to the growth and evolution of Base Chain's future! Based Rate is an algorithmic stable coin protocol pegged at 1:1 to $ETH on Base Chain. The mechanics of Based Rate rely on the synergy of three tokens – $BRATE, $BSHARE, and $BBOND. These tokens incentivize a stable 1:1 peg to $ETH. Through dynamic adjustments, Based Rate's supply is in constant flux, driving its value either upwards or downwards in relation to the price of $ETH. Embrace the dawn of a new era. Based Rate is here to set the pace, shattering norms and laying the foundation for a prosperous future on Base Chain. Welcome to a world where stability isn't just a concept – it's a thriving reality. 📈 ### Disclaimer & Terms Based Rate is not an investment product, it is an experimental decentralized application. Do your own research before joining Based Rate. Investing in defi protocols is risky and may result in monetary loss. By using Based Rate, you agree that the Based Rate team is not responsible for any financial losses from investing in Based Rate nor do we promise any valuable returns now or in the future. You also accept and acknowledge that Based Rate does not operate or control the contracts on the blockchain of this protocol, these are open and permissionless and we are unable to stop anyone from using the protocol directly from the blockchain. In using these contracts you acknowledge that you understand this and are complying with the laws of your local jurisdiction. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://basedrate.gitbook.io/based-rate/based-rate-docs/introduction.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.