Based 

BASED Price

What is Based crypto?

Based is a self-custodial crypto trading superapp built on the Hyperliquid network. One account on the platform covers crypto perpetuals, US and Asian stock perps (including NVDA, AAPL, and TSLA), commodities, indices, FX, prediction markets through Polymarket's Builder Program, and Visa-based crypto payments. Based launched in July 2025 and is headquartered in Singapore. Per Pantera Capital, the platform processed over 1% of global daily Hyperliquid volume in its first six months. The BASED token is the project's associated DeFi/DEX asset.

How does the Based crypto app work?

Based runs on the Hyperliquid network, and the Based Card (Visa) connects account balances to payments. Users trade from a self-custody USDC wallet, so Based holds no customer funds in a brokerage model. The BASED token contract exists on Ethereum (0x4f2b33840227ddd0e28da8d4185d6fa07adfed87, verifiable on Etherscan) and on BNB Chain (0x1d28d989f9e3ccb8b15d0cec601734514f958e4d, verifiable on BscTrace). Stock perps and tokenized equity exposure sit in a regulatory gray zone in several jurisdictions, which is a risk factor for the product.

What is BASED's total supply and tokenomics?

Per DropsTab data, BASED has both maximum and total supply capped at 1,000,000,000 tokens. The February 8, 2026 tokenomics announcement allocates 36% to the community (23.5% to community members, PUP and BasedPal NFT holders and launch partners, 7.5% to the Ethena community, and 5% to Season 3 points participants), 23.64% to ecosystem and community rewards, 20.36% to investors, and 20% to core contributors.

How risky are BASED token unlocks for investors?

The combined investor and core contributor allocation equals 40.36% of total supply, and this concentration is the main emission overhang for BASED. The TGE took place on March 20, 2026, and community airdrop claims carried no lock-up period. A dated release schedule for the 20.36% investor bucket and the 20% core contributor bucket is absent from DropsTab data, so unlock timing for those buckets cannot be modeled.

Who invested in Based?

Per DropsTab fundraising data, Based raised across two rounds. Ethena backed a Strategic Round on September 8, 2025; the round amount was not disclosed. A Series A on February 23, 2026 raised $11,500,000, led by Pantera Capital, with Wintermute, Karatage, and Coinbase Ventures participating.

What does Based's Series A signal about project maturity?

Based's Series A assembled institutional-grade backers: Pantera Capital led the round, Coinbase Ventures participated, and Wintermute joined as a major crypto market maker. Pantera's own "Investing in Based" page confirms its role as lead investor and reports that Based generated over $13M in fees in its first six months. Backing from a Tier 1 fund plus an exchange venture arm signals institutional validation of the Hyperliquid superapp thesis.

How did the BASED airdrop and Bybit Launchpool work?

The BASED TGE occurred on March 20, 2026, with tokens distributed directly to qualifying Hyperliquid wallets and an optional wallet-election window through March 25, 2026. Points Seasons 1 and 2 fed that distribution. Bybit then ran a Launchpool from March 30 to April 6, 2026, in which users staked BASED or MNT to earn from a 3,000,000 BASED reward pool. Season 3, announced on February 8, 2026, reserves 5% of supply for future points participants.

Which exchanges is BASED listed on?

Per DropsTab data, BASED trades spot on over a dozen centralized venues, including OKX, Bybit, KuCoin, Kraken, MEXC, and HTX. Coinbase lists the token under the pair BASED1/USD. Futures coverage includes Binance Futures, OKX, Bybit, and KuCoin. Decentralized venues include Hyperliquid spot (BASED/USDC) and Uniswap V4 pools on Ethereum. Top-tier CEX spot listings plus Binance and OKX perpetuals give the token deep liquidity relative to newer listings.

Is BASED the same token as the meme coin with the same ticker?

No. The BASED tracked here is the token of Based, the Hyperliquid trading superapp. Unrelated projects share the ticker: a Solana meme coin, a separate Coinbase-listed meme coin, and Based Finance (BDC). Coinbase lists this token as BASED1/USD specifically to separate it from those assets. Traders should verify the token contract before transacting, because ticker confusion is the main user-facing pitfall for this asset.