Points & XP system

We issue points and XP to users who engage with our ecosystem including BasedApp, HyperApp, our web terminal and Visa card.

As users accumulate points and XP, they unlock exclusive perks and rewards.

Points will also play a key role in determining eligibility for airdrops when BasedApp conducts its Token Generation Event (TGE) in the future. Points will be swapped into XP during TGE. For every $1 of perpetual traded: 0.06 XP For every $1 of spot traded: 0.30 XP For every $1 of card spend: 4 points For every $1 of GOLD card spend: 6 points (50% more than standard card) Card Spend - BasedReward Points will not be awarded for spending in the following categories: Payments to financial institutions (e.g. banks, brokerages, online trading platforms) Top-ups or payments to payment service providers and prepaid accounts (including phone cards) Betting or gambling-related transactions

Points are only given to transactions that are posted and confirm. No points will be given to voided, cancelled, disputed or reversed transactions.

Points will take 2 weeks to reflect because that's the time that it takes for us to determine that a transaction is confirmed.