# $BASED Token
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The $BASED Token Generation Event (TGE) took place on **30 March 2026**.
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Based is operated by the [Based Foundation](https://basedfoundation.com/).
## 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](https://etherscan.io/token/0x4f2b33840227ddd0e28da8d4185d6fa07adfed87) |
| BSC | [0x1d28d989f9e3ccb8b15d0cec601734514f958e4d](https://bscscan.com/token/0x1d28d989f9e3ccb8b15d0cec601734514f958e4d) |
| Hyperliquid | [0x053f6755320d06b8fd6675581b0475b2e32399b1](https://hyperevmscan.io/address/0x053f6755320d06b8fd6675581b0475b2e32399b1) |
## Exchanges
### Spot
| Exchange | Pair |
| ------------------------------------------------------------------------------------------------ | ---------- |
| [Binance Alpha](https://www.binance.com/en/alpha/bsc/0x1d28d989f9e3ccb8b15d0cec601734514f958e4d) | BASED/BNB |
| [Bybit](https://www.bybit.com/en/trade/spot/BASED/USDT) | BASED/USDT |
| [Hyperliquid](https://app.based.one/BASED/USDC) | BASED/USDC |
| [Kraken](https://pro.kraken.com/app/trade/based-usd) | BASED/USD |
| [OKX](https://okx.com/en-sg/trade-spot/based-usdt) | BASED/USDT |
### Futures / Perps
| Exchange | Pair |
| ------------------------------------------------------------------- | ---------- |
| [Binance](https://www.binance.com/en/futures/BASEDUSDT) | BASED/USDT |
| [OKX](https://www.okx.com/en-ae/trade-swap/based-usdt-swap) | BASED/USDT |
| [Bybit](https://www.bybit.com/trade/usdt/BASEDUSDT) | BASED/USDT |
| [Coinbase](https://www.coinbase.com/advanced-trade/spot/BASED1-USD) | BASED/USD |
## Bridge
Built on the [LayerZero OFT](https://layerzero.network/) standard, $BASED is natively transferable across Ethereum, BSC, and Hyperliquid. Bridge $BASED via [Stargate](https://stargate.finance):
* [Bridge from Ethereum to HyperEVM](https://stargate.finance/?srcChain=ethereum\&srcToken=0x4f2b33840227DDD0e28da8d4185D6fa07ADfed87\&dstChain=hyperliquid\&dstToken=0x053f6755320d06b8fd6675581b0475B2E32399b1)
* [Bridge from BSC to HyperEVM](https://stargate.finance/?srcChain=bsc\&srcToken=0x1d28D989F9e3CCb8B15D0cec601734514f958E4D\&dstChain=hyperliquid\&dstToken=0x053f6755320d06b8fd6675581b0475B2E32399b1)
## 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 $BASED closed on **April 3, 2026**.
## Key Dates
* Season 1 & 2 terms signing deadline closed on February 8, 2026
* **TGE (Token Generation Event) took place on 30 March 2026**
* Season 3 end date: May 4, 2026
* Season 3 distribution (Genesis signers): 11 May 2026
* Season 3 Terms and Conditions signing deadline (for those who haven't signed): 4 June 2026
* Season 3 distribution (post-deadline signers): 7 June 2026
For more details, read the post here:
***
### Legal Disclaimer
*$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.*
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