> For the complete documentation index, see [llms.txt](https://basedapp.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://basedapp.gitbook.io/docs/~/revisions/NAKTAcMV9VJt5myfN5mQ/based/based-token.md).
# $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
{% hint style="info" %}
The $BASED Token Generation Event (TGE) is on **30 March 2026**.
{% endhint %}
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 (including up to 8% cashback, 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 $BASED on Stargate](https://stargate.finance/?srcChain=ethereum\&srcToken=0x4f2b33840227DDD0e28da8d4185D6fa07ADfed87\&dstChain=bsc\&dstToken=0x1d28D989F9e3CCb8B15D0cec601734514f958E4D)
## 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% | Distributed May 2026 |
## 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 $BASED is officially closing on **April 3, 2026**.
## Key Dates
* Season 1 & 2 terms signing deadline: February 8, 2026
* **TGE (Token Generation Event): 30 March 2026**
* Season 3 end date: May 4, 2026
* Season 3 distribution: May 2026
For more details, read the post here:
***
### Legal Disclaimer
*$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.*
