Everything you need to know about IDIOT Token, Base network, and cryptocurrency.
💡 Can't find your question? Join our Discord community or check the comprehensive guides linked below.
🚀 IDIOT Token Basics
What is IDIOT Token?
IDIOT Token is a community-driven meme token on Base network. It's designed to be transparent, honest, and fun - no false promises, just pure unadulterated chaos. The token has zero tax on transactions and is built for the community, by the community.
Why should I buy IDIOT Token?
IDIOT Token offers several advantages:
Zero Tax: No hidden fees on transactions
Transparent: All tokenomics are public and verifiable
Community-Driven: Decisions made by token holders
Base Network: Fast and cheap transactions
Fair Launch: No pre-sales or insider advantages
However, remember this is a meme token - only invest what you can afford to lose.
What is the contract address?
The IDIOT Token contract address on Base network is: 0xC29EF04CFFe38012dcfc1E96a2B368443f298dE1
Always verify this address before making any transactions. You can view the token details on BaseScan.
Currently, you can earn rewards with IDIOT Token by:
Liquidity Provision: Provide liquidity to IDIOT/ETH pools on Uniswap
Staking: Coming soon - lock tokens for rewards
Governance: Participate in community decisions
Remember that providing liquidity involves risks like impermanent loss.
What is impermanent loss?
Impermanent loss occurs when providing liquidity to trading pairs where the token prices diverge significantly. For example, if you provide liquidity to IDIOT/ETH and IDIOT price goes up while ETH stays the same, you might end up with less IDIOT than if you had just held the tokens.
This loss is "impermanent" because if prices return to their original ratio, the loss disappears. However, if prices don't return, the loss becomes permanent.
🔒 Security Questions
How do I keep my crypto safe?
To keep your crypto safe:
Use Hardware Wallets: For large amounts, use Ledger or Trezor
Keep Seed Phrases Safe: Write them down, never store digitally
Verify Addresses: Always double-check before sending
Use Official Sources: Only use official websites and apps
Enable 2FA: Use two-factor authentication where possible
Keep Software Updated: Regular updates include security fixes
What should I do if I think I've been scammed?
If you think you've been scammed:
Stop all transactions immediately
Move remaining funds to a new wallet
Change all passwords and enable 2FA
Report the scam to relevant authorities
Warn others about the scam
Learn from the experience to prevent future scams
Remember: legitimate projects will never ask for your seed phrase or private keys.
How do I verify a smart contract is safe?
To verify a smart contract is safe:
Check on Block Explorer: Look for "Verified" status on BaseScan
Read the Code: If you can, review the smart contract code
Check Audits: Look for security audits from reputable firms
Community Reviews: See what others say about the contract
Start Small: Test with small amounts first
Use Established Protocols: Stick to well-known, audited protocols
📊 Technical Questions
What is gas and why do I need it?
Gas is the fee paid to execute transactions on the blockchain. It's like paying for postage to send a letter. Gas fees:
Pay for computation: Cover the cost of processing your transaction
Prevent spam: Deter malicious actors from flooding the network
Vary by network: Base has very low gas fees compared to Ethereum
Depend on congestion: Higher when network is busy
On Base, gas fees are typically $0.01-0.10, much cheaper than Ethereum.
What is slippage and why does it matter?
Slippage is the difference between the expected price and the actual price you get when trading. It happens because:
Price changes: Token prices move between when you submit and execute
Low liquidity: Not enough tokens in the pool
Large trades: Big orders affect the price more
You can set a maximum slippage tolerance (e.g., 0.5%) to protect against large price changes.
Why did my transaction fail?
Common reasons for failed transactions:
Insufficient gas: Not enough ETH to pay gas fees
Low slippage tolerance: Price moved beyond your limit
Insufficient balance: Not enough tokens to complete the trade
Network congestion: Too many transactions at once
Contract issues: Problems with the smart contract
Try increasing gas limit, adjusting slippage, or waiting for less congestion.
⚠️ Disclaimer: This FAQ is for educational purposes only and should not be considered financial advice. Always do your own research and invest responsibly.