According to TechFlame, Jesse Pollak, head of the Base Protocol, said in an interview with Fortune magazine that Base's code is open source and that the chain is committed to becoming a Linux-like ecosystem for use by many different cryptocurrency developers. This is also an important reason why Coinbase plans to issue tokens on Base — to coordinate incentives and token decentralization. Jesse said that token offerings often make supporters rich at the expense of the interests of the broader community associated with blockchain. As a result, Coinbase is proceeding cautiously, determined not to hastily deploy the token, and does not plan to announce a launch date anytime soon.