Introducing $BASED: Ownership for the Ones Who Built It

There are two kinds of tokens in crypto.

The first kind is built for charts.
The second kind is built for people.

$BASED is the second kind.

From day one, Based was never just another app. We set out to build a platform where users can trade everything, spend everywhere: across trading, prediction markets, cards, commerce, and the next wave of onchain consumer products.

Today, we’re introducing the token that powers that mission: $BASED

A fixed-supply utility token designed to:
- unlock real platform benefits,
- align incentives between users and builders,
- and give long-term community participants a meaningful seat at the table.

$BASED is more than a governance token aiming to unlock a growing list of benefits across the platform: reduced trading fees, up to 8% cashback on the Based Visa card, lifestyle perks, lower on/off-ramp fees, merchant discounts at Based Mall, access to future launchpools, and consumption credits for upcoming agentic features.

$BASED is our commitment to building differently.

A fixed supply,
Meaningful community distribution,
Real utility across products people actually use,
And long-term alignment from team and investors through structured vesting.

This model is designed to reward the people who have contributed to Based from the beginning: the users, holders, partners, and builders who kept showing up, gave feedback, and helped shape the ecosystem in real time. We believe those contributions should be recognized in a way that is transparent, durable, and tied to the long-term success of the platform.

As Based continues to expand across trading, cards, commerce, and future agentic features, $BASED is intended to be the connective layer that aligns participation with value creation across the ecosystem.

We’re still early. There is a lot more to build.

But the direction is clear: keep shipping, keep compounding utility, and keep the community at the center.

Thank you for building with us, and for helping write what comes next.

Stay Based.

Read Foundation Article here: https://x.com/BasedFnd/status/2020489920222282164?s=20

Link to X