About Based Token
BASED is the utility token of the Based ecosystem. It is used in the Based app to unlock features and programme benefits, mainly through holding and staking. Uses include tiered reductions on Based’s platform fees for trading and prediction markets, staking-linked access and tiering for a Based Visa card where offered, eligibility gating for ecosystem programmes such as launchpool-style participation, token-linked credits for certain in-app features including AI-related consumption credits where supported and cross-chain transfer support across networks used by the ecosystem.
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.
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.
- Edison Lim — Co-Founder and CEO.
- Zac L. — Co-Founder and CTO.