What is Based (BASED)?
Based is a crypto application connected to the Hyperliquid Layer-1 network. It brings trading, prediction markets, payments, staking, and AI-related tools into one account. The platform supports access to crypto, equities, and commodities products through Web, iOS, Android, and Desktop interfaces.
Based operates as an application layer rather than a separate blockchain. It uses Hyperliquid’s infrastructure for settlement and execution, with the aim of allowing users to access platform services without managing cross-chain bridges. Users can fund accounts through bank transfer or credit card and use different services from the same account.
BASED is the native utility token of the Based ecosystem. It is issued by the Based Foundation and is intended to provide access to platform-related benefits. The token does not represent equity ownership or a claim on protocol revenue. The Token Generation Event took place on March 30, 2026.
The BASED token may be used for fee discounts, staking-related benefits, higher card spending limits, lower on-ramp and off-ramp costs, access to Based Launchpool, early project allocations, partner merchant discounts, and AI consumption credits. Holding or staking BASED may also provide card cashback of up to 8%, depending on the applicable holding tier and program terms.
Based raised USD 11.5 million in a Series A round in February 2026. The round was led by Pantera Capital, with participation from Coinbase Ventures, Ethena, Wintermute Ventures, Hashed, and Spartan Group. The Based Foundation manages the ecosystem and the rewards token allocation. The provided information does not specify individual founders.
The total supply of BASED is fixed at 1,000,000,000 tokens. The circulating supply is stated as 235,000,000 BASED.
The current price of BASED is available and updated in real-time on Binance.