Holding or staking $BASED provides the following benefits across the Based platform (subject to program terms and conditions and subject to future changes):
• Discounts on trading and prediction market fees
• Based Visa debit card rewards (up to 8% cashback, subject to program terms)
• Increased card limit based on holding tier
• Reduced on- and off-ramp fees
• Discounts at Based Mall affiliated merchants
• Access to the project launch pool
• Spending credit for future agent-based functionality
$BASED can also be used as a means of payment in Based Mall, allowing users to purchase products at discounted prices using $BASED while paying with stablecoins.
$BASED also supports the platform governance mechanism (where applicable) and is designed to allow token holders to participate in the direction of the platform.
Supply
The total supply of $BASED is fixed at 1,000,000,000 (1 billion).
Allocation Structure
Total allocation ratios are as follows:
Community: 360,000,000
Ecosystem & Community Rewards: 236,400,000
Investors: 203,600,000
Core Contributors (Team): 200,000,000
Genesis Distribution — 360,000,000 $BASED
Based's genesis distribution is targeted at users and partners who have contributed to the ecosystem.
The goal is to distribute tokens to early and existing community members and encourage ongoing participation.
Community Allocation (36%) Details
23.5% of Total Supply (235,000,000)
• Season 1 and 2 Points Campaign Participants
• PUP Holders
• BasedPal NFT Holders
• Launch Partners who supported the TGE
→ Claimable immediately upon opening of claiming (target: March 2026, not yet confirmed), no vesting
7.5% of Total Supply (75,000,000)
Allocated to the Ethena community as a reward for HyENA collaboration and strategic investment
Eligibility requirements and claiming method will be announced separately by the Ethena Foundation
5.0% of Total Supply (50,000,000)
For Season 3 Participants
Season 3 ends May 4, 2026
Claimable on May 11, 2026, no vesting
Washed to prevent fraud Anti-sybil filtering, including trading and selfering, will be applied, and any undistributed tokens will be transferred to the Ecosystem & Community Rewards Pool.
$BASED By participating in the token distribution, claiming airdrops, or acquiring tokens, you acknowledge that you are responsible for complying with all applicable laws and regulations (including tax reporting and payment) in your jurisdiction of residence.
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