Announcing the establishment of the Based Foundation.

Based is the fastest-growing platform across perpetuals, prediction markets and spending. It is the #1 builder on Hyperliquid, generating approximately US$30 million in annualized revenue, and operates one of the leading prediction market products in the Polymarket ecosystem. Based’s mission is to build a Crypto superapp that enables anyone to trade anything and spend everywhere.

The Based Foundation has been established to accelerate the long-term growth of the ecosystem and to support the development of the next generation of Based products, including FX, payments, and commerce. The Foundation will steward protocol development, ecosystem expansion, and the rollout of new on-chain and consumer-facing capabilities.

The next phase of Based is the genesis of the native Based token, $BASED, planned for Q1 2026.

To participate in the Genesis Event, users must review and accept the Based Foundation Terms of Use at https://basedfoundation.com/terms by 8th February 2026, 12:00 PM (UTC).

Signing is also available on Based Mobile App. Simply click on Foundation icon on the homescreen.

Additional details regarding the $BASED token and its utility will be announced closer to the Genesis Event.

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