ChainCatcher message, according to the official announcement from Base, Basenames is now live. Users can acquire unique base.eth usernames through a Dutch auction, serving as their on-chain identity within the Base ecosystem. The auction price will gradually decrease over 36 hours to ensure fair competition. Basenames is built on the open-source ENS protocol, aiming to simplify transactions, promote collaboration, and enhance on-chain connections among users. Additionally, early Base Name Service (BNS) users will enjoy special discounts upon registration.