🧡 Summary of the Based Situation For the team's official position, please refer to the original tweets from Edison and Po. The following is a fact-based summary of information circulating on some Korean Telegram channels. 1) Seasonal Community Airdrop Allocation • Szn1: 3 months of use → 8% allocation • Szn2: 3 months of use → 8% allocation In other words, the system allowed users to receive a total of 16% of the airdrop with just 6 months of participation. Tokens were also allocated to $PUP and NFTs provided free to users, and users were allowed to claim the allocated airdrop without vesting. Szn3 is separate from this TGE and will run until May, after which the airdrop will occur. 2) False Information Regarding Upheaval During Szn1, there were instances of airdrops being distributed twice to Based users from another team (Upheaval). However, some have spread the claim that "Based created Upheaval and minted tokens." This amount was an airdrop provided to users by an external project for free, and was not issued or planned by Based. 3) False Information Regarding Ethena The Ethena team invested in Based in late 2025. However, some communities misinterpreted this as "Ethena will purchase $BASED at the market price after the TGE," or there were instances of miscommunication between the team and users during translation. HyENA, developed in collaboration with Ethena, is a key product responsible for the healthy scalability of Based and will continue to serve as a crucial community and fundamental pillar supporting $BASED. Furthermore, all Ethena-related tokens are vested and will not directly impact the circulating supply or price formation on the day of the TGE. 4) TGE rewards are only for users who actually participated. All rewards allocated for this TGE will be distributed only to users who actually participated. Based has never engaged in artificial hype manipulation during its operations, nor has it conducted any KOL deals, which involve offering tokens at a discount to non-users. Furthermore, paid marketing aimed at boosting the Percentage Index has not been conducted. 5) Launch Partners Mentioned in Tokenomics The Launch Partner allocation mentioned in Tokenomics is not excluded from the community allocation but is included in the Genesis allocation. Generally, all projects require MM (market making) for smooth CEX trading, and securing a certain amount of tokens for this purpose is essential to the market structure. However, some people have misinterpreted Launch Partners as KOLs, misrepresenting the situation as "Based is giving tokens to KOLs." 6) Sybil-Related Inquiries The Tokenomics announcement includes Sybil sanctions. This is a mandatory process for most airdrops, and failing to address malicious farming will harm the entire community. Based will always adhere to common sense principles when conducting its procedures. However, some have spread exaggerated or distorted claims, such as "Sybil will confiscate all airdrop tokens." This will not be the case. Based designs airdrops based on broad and reasonable criteria to ensure that genuine users receive fair compensation. This aligns with the team's repeatedly emphasized "Based Alignment."