BasedAI is a pioneering Layer 1 cryptocurrency platform that seamlessly blends AI with blockchain to push the boundaries of data privacy and security. At its core, the platform integrates Fully Homomorphic Encryption (FHE), enabling computations on encrypted data without sacrificing confidentiality. Leveraging large language models (LLMs), BasedAI provides an intelligent network capable of performing complex tasks while safeguarding user privacy. The introduction of groundbreaking features like "Cerberus Squeezing" and zero-knowledge proofs further enhances its commitment to addressing privacy concerns in AI applications. These innovative mechanisms ensure that sensitive information is protected even as it is processed, offering a trustworthy and secure decentralized infrastructure. Designed for the future, BasedAI represents a significant leap forward in secure, privacy-focused AI and blockchain integration.