$BASED Token

The native token that powers the Based ecosystem. It is designed to be a utility token used within the platform to access features, align incentives, and support long-term community ownership

The $BASED Token Generation Event (TGE) took place on 30 March 2026.

Based is operated by the Based Foundation.

Purpose

Holding or staking $BASED is intended to unlock benefits across the Based platform (subject to program terms and change over time), including:

• Reduced fees on trading and prediction markets

• Rewards on the Based Visa debit card (cashback and rebates, subject to program terms)

• Higher card limits at higher holding tiers

• Lower on/off-ramp fees

• Access to future project launchpools

• Discounts with Based Mall merchants

• Future tools with Based Mall

• Consumption credits for future agentic features

Contract Addresses

Chain	Address
Ethereum	0x4f2b33840227ddd0e28da8d4185d6fa07adfed87
BSC	0x1d28d989f9e3ccb8b15d0cec601734514f958e4d
Hyperliquid	0x053f6755320d06b8fd6675581b0475b2e32399b1

Exchanges

Spot

Exchange	Pair
Binance Alpha	BASED/BNB
Bybit	BASED/USDT
Hyperliquid	BASED/USDC
Kraken	BASED/USD
OKX	BASED/USDT

Futures / Perps

Exchange	Pair
Binance	BASED/USDT
OKX	BASED/USDT
Bybit	BASED/USDT
Coinbase	BASED/USD

Bridge

Built on the LayerZero OFT standard, $BASED is natively transferable across Ethereum, BSC, and Hyperliquid. Bridge $BASED via Stargate:

• Bridge from Ethereum to HyperEVM

• Bridge from BSC to HyperEVM

Supply

The $BASED supply is fixed at 1,000,000,000 tokens.

Allocation

Fixed Total Supply: 1,000,000,000 $BASED

Category	Allocation	Tokens	Vesting
Genesis Distribution	36.00%	360,000,000	See breakdown below
Ecosystem & Rewards	23.64%	236,400,000	Managed by Based Foundation
Investors	20.36%	203,600,000	1-year lock + 2-year monthly unlock
Core Contributors	20.00%	200,000,000	1-year lock + 2-year monthly unlock

Genesis Distribution Breakdown

Group	Allocation	Unlock Schedule
Based Community (S1, S2, PUPs, BasedPal)	23.5%	Fully unlocked at TGE
Ethena Community	7.0%	0.5% at TGE; 20% over 3 months; 80% after 1-year cliff
Season 3 Participants	5.0%	Released 11 May 2026 (Genesis signers) / 7 June 2026 (post-deadline signers)

Claims & Eligibility

All airdrop tokens will be distributed directly to your Hyperliquid Core wallet. No manual claiming is required.

The window to convert $PUP to $BASED closed on April 3, 2026.

Key Dates

• Season 1 & 2 terms signing deadline closed on February 8, 2026

• TGE (Token Generation Event) took place on 30 March 2026

• Season 3 end date: May 4, 2026

• Season 3 distribution (Genesis signers): 11 May 2026

• Season 3 Terms and Conditions signing deadline (for those who haven't signed): 4 June 2026

• Season 3 distribution (post-deadline signers): 7 June 2026

For more details, read the post here: https://x.com/BasedFnd/status/2020489920222282164

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Legal Disclaimer

$BASED is a utility token, not a security or investment product. It provides access to Based platform features and carries no promise of profits, dividends, or returns. Any governance functionality (if/when enabled) does not confer ownership, voting, or management rights over the Foundation or its affiliates. The information provided herein is for informational purposes only and does not constitute financial, investment, tax, or legal advice. You should consult appropriate professional advisors before making any decisions related to $BASED. By participating in any $BASED token distribution, claiming an airdrop, or otherwise acquiring $BASED tokens, you acknowledge that you are solely responsible for complying with all applicable laws and regulations in your jurisdiction, including tax reporting and payment obligations.