Based Points

There are two categories of Based Points: XP (From use of Based Terminal) + Card Points (From use of Based Cards).

Season 3 is currently active. Seasons 1 and 2 have concluded.

Season 3 — Based Diamond System (Active)

Estimated End Date: 4 May 2026, 12:00 UTC

Season 3 Diamonds are the latest points system, rewarding users through activity and participation on Based.

Phase

Period

Total Issuance

Phase 1 (Ended)

5 Jan – 12 Feb 2026

15,000,000 Diamonds

Phase 2 (Ongoing)

13 Feb – 4 May 2026

35,000,000 Diamonds

Each epoch lasts 1 day, with 432,098 Diamonds issued per epoch.
Diamonds are 100% allocated to Hyperliquid-related trading activities by default. Reward calculations reflect genuine trading activity, consistent with Seasons 1 and 2.
Referrers and referees receive a 10% bonus on Diamonds earned.
No Diamonds are allocated for prediction market activity or PUP holders.

Tokens earned via Season 3 are intended to be claimable on 11 May 2026, 7 days after the season ends.

Based reserves the right to modify Season 3 rules, allocations, eligible activities, and timelines at its sole discretion.
Depending on new product launches, additional eligible activities may be added to the Diamond allocation during the season. Changes apply to future earnings only and will not affect previously earned Diamonds.
Notice will be provided ahead of any adjustments.
Exact activity weightages will not be disclosed.

Season 2 introduced Based Gold as the progression system, replacing XP.

Each epoch lasted 3 days, with 10,000,000 Gold issued per epoch.
Gold was earned through trading activities, affiliate activities, PUP holdings, and card spending.
Additional Gold was issued for HIP-3 partners and via Blind-boxes.
Prediction market activity also earned Gold (see Prediction Markets).
All Season 2 Gold is now locked — no new Gold will be issued.
Holders of Season 2 Gold are eligible for airdrop allocation of the Based Token.

Last updated 1 day ago