Question 1

What is Based Token (BASED)?

Accepted Answer

Based Token (BASED) is the utility token of the Based ecosystem. Based is a trading and payments application that combines a web terminal and mobile apps. It is intended to let users trade via Hyperliquid’s infrastructure and use related in-app features such as prediction markets and card-linked spending where available.

Question 2

What is Based Token (BASED) used for?

Accepted Answer

BASED is used to unlock features and programme benefits within the Based app, mainly through holding and staking. Uses include:

- Tiered reductions on Based’s platform fees for activity routed through the app, including trading and prediction markets.
- Staking-linked eligibility for a Based Visa card where offered, with card tiers tied to staking level and rewards mechanisms that can include cashback.
- Access gating for ecosystem programmes such as launchpool-style participation and other benefits introduced over time.
- Token-linked credits or allowances for specific in-app features, including AI-related consumption credits where supported.
- Cross-chain transfer support as an omni-chain token design intended to work across multiple networks used by the ecosystem.

Question 3

Who created Based Token (BASED)?

Accepted Answer

- Edison Lim — Co-Founder and CEO.
- Zac L. — Co-Founder and CTO.


BASED	ERC20	HYPE	0x053f6755320d06b8fd6675581b0475b2e32399b1	2026-01-08
BASED	BEP20	BNB	0x1d28D989F9e3CCb8B15D0cec601734514f958E4D	2026-03-06
BASED	ERC20	ETH	0x4f2b33840227ddd0e28da8d4185d6fa07adfed87	2026-01-08