Based Announcements

Celebrate the Year of the Dragon with BasedApp and join our festive red packet giveaway! 🧧

Refer friends and family to sign up for a BasedApp card to receive red packets worth up to 80 XSGD!

Here's how:
1️⃣ Refer friends between February 1st and 29th
2️⃣ Your friend activates their card and spends a minimum of $5
3️⃣ You'll then receive a red packet worth 10 XSGD on your card
4️⃣ Get up to 8 red packets (8 referrals)!

Read more here 👇
https://basedapp.io/blog/festive-red-packet-giveaway

Now you can easily top up your BasedApp card with XSGD via bank transfers! 🥳

Simply transfer SGD from your bank account and receive XSGD on your BasedApp card at a 1:1 exchange rate.

Here’s a quick guide!
https://basedapp.io/blog/basedapp-card-top-ups-made-easy-with-bank-transfers

Festive Bonus Alert! 🎉

From Dec 15-31, enjoy 2x points on every dollar spent! That's 6 points for every S$1! 🛍️

Also, our rewards catalogue drops next month. Stay tuned to discover the rewards you can redeem with your points! 😉

From Dec 1, 2023, cardholders can earn 1.5% APR on XSGD deposits in their SGD card account on BasedApp!

How to qualify? Maintain an average daily balance of 500 XSGD (S$500) throughout the month in your card account.

Interest calculations will be conducted at the end of each month, and cardholders will receive their rewards on the 5th of the following month.

How to deposit XSGD to qualify:

1. Select “Card” on the menu.
2. Click on "Deposit" and input at least 500 XSGD to qualify for the 1.5% rate. If you are also using the card for spending, please deposit enough funds to ensure that the total balance across each day is at least 500 XSGD.

Here's how to transfer funds to BasedApp:

👉 Bridge from another chain
👉 Deposit from exchanges
👉 Mint XSGD through StraitsX (Sign up, transfer, done!)
👉 Directly via bank deposits on our app (Coming in early Dec)

For the full guide, check out this article: https://basedapp.io/blog/xsgd-earn-get-1-5-apr-on-xsgd-deposits-with-basedapp

Check out our latest new feature; Savings Vaults!

It is designed to help you maximise returns on your idle stablecoins by offering access to some of the best and reliable vaults available in the market.

Our first vault is powered by Compound III, where you can earn up to 7.86% APR (as of the current writing) on your stablecoins.
(Do note that the APR varies depending on the utilization of the lending pool.)

What is Compound III?
It allows users to deposit USDC into lending pools, becoming a resource for borrowers. In return, lenders earn interest on their deposits.

What are the rewards?
When you deposit USDC, you not only earn interest in USDC but also in COMP, Compound's governance token.

How to get started?
Login to your BasedApp account, select Saving Vaults, and key in the amount of USDC you wish to deposit.

Here’s a guide if you need some help: https://basedapp.io/blog/grow-your-idle-stablecoins-with-our-new-savings-vaults

Sending money to your friends on BasedApp just got a whole lot easier with usernames! No more hassle with wallet addresses, just key in their username! 🥳

Check your username in your profile at the top right corner. To send funds, go to Wallet > Send > Enter username.

Low on referral codes for your friends? No problem!

If you're down to 1 left, good news: we've just topped you back up to 3! 🔄 Keep those referrals coming! 🧡

📢 Starting today, you can earn points when you spend or make recurring swaps on BasedApp. 🥳

Overseas spend will be included, with ZERO fx fees! ✈️

What's more, you'll be automatically entered into our Festive Raffle for a chance to win prizes worth over S$1,500! 🎁

https://x.com/basedappHQ/status/1716361164018565385?s=20

🛠️ Updated maintenance schedule:

Due to a miscommunication of scheduled maintenance, the scheduled downtime will be from Nov 1, 11:30 PM SGT to Nov 2, 1.30 AM SGT instead of what is communicated earlier.

During this period, card transactions and app features will be temporarily interrupted. Apologies for the inconvenience caused.

In the meantime, 0% FX Fee and Point System is already live on production now. It will take a few weeks for the points to be reflected on the app.

🛠️ Updated maintenance schedule:

📅 Time: Oct, 31, 11:30pm SGT - Nov 1, 1.30am SGT

During this time, we will also be updating the FX fee to 0%. 🥳

Card transactions and app features will be temporarily interrupted. We apologize for any inconvenience!

Get ready for the launch of BasedRewards on Nov 1, 2023. 🎉

You can earn points for spending, swapping, and soon, investing within the app.

👉️️️️️️ How to earn points?
Spend (every S$1) = 3 points

BONUS spend (every S$1) = 6 points
- Spotify, Netflix, Youtube, GSuite, Twitter, Dropbox, ChatGPT

Recurring Swap (every S$100) = 75 points

👉️️️️️️ Rewards?

Points do not expire and you can accumulate them to redeem for rewards. For starters, 5,000 points can be redeemed for a S$10 reward.

👉️️️️️️ Festive Raffle:
No need to take any action – all BasedApp users will be automatically enrolled to the raffle based on their earned points.

Period: Nov 1, 2023, 12 pm SGT - Dec 10, 2023, 12 pm SGT

3 prizes worth over S$1500 - Playstation 5, Sony wireless headphones, and our own limited edition BasedApp mechanical keyboard!

🔖 Every 100 points earned through spending or recurring swaps gets you 1 raffle ticket.

🔖 Cardholders can receive up to 100 raffle tickets

Read more here: https://tinyurl.com/yjcnzphr

We're excited to announce the launch of BasedInvest, starting with our first feature: Recurring Swap. 📈

Now you can effortlessly automate investments and leverage Dollar-Cost Averaging for your crypto portfolio.

Try it in-app today! Find out how👇
https://tinyurl.com/3xped7cx

Looking for deals and rewards for your BasedApp card? We have compiled some of them here. Reminder, 1% cashback will end by Oct 31 so take this chance to plan ahead!

Dining 🍴
https://x.com/basedappHQ/status/1710179588243083613?s=20

Hotel ✈️🏠
https://x.com/basedappHQ/status/1714217031502025048?s=20

Stay tuned for more!

NEW updates (v.0.11.2)

- Confirmation Dialog: Check before sending the funds. We added an additional screen for you to confirm before executing the transactions so you know exactly what's happening.

- Send funds to friends faster: Scan your friend's QR code with your phone camera to send money to tokens to them faster instead of asking them for their BasedApp address

- Improved reliability for "Swap and Deposit". This should solve the error "Task state is Cancelled" that some users have experienced in the past.

- Detect new app updates if available

If you found any bugs on the app or have feedback on how we can do better, let us know on based.canny.io

We've got some exciting updates about BasedApp that will be effective from 1 Nov 2023 onwards:

✨ ZERO FX fees: Spend anywhere around the world with the best FX rates. At 0% FX markup, you will be saving a lot of money with your overseas spends compared to cards from other banks (up to 3.5%).

🎁 New Point System: Earn Points on not just card spending, but also on swaps and investment feature on the app.

🚫 Discontinuing of the cashback program: We will be discontinuing the existing cashback system and spotify cashback as part of the transition to Point System

Read more here: https://basedapp.io/blog/introducing-zero-fx-fees-points-systems-and-changes-to-cashback-system

Follow us on Twitter for more updates: https://twitter.com/basedappHQ

You’ve been waiting for this - earn up to S$75 for referring your friends! 🎁

Introducing BasedApp Referral – our way of saying thanks to early existing users. Get your invite code in-app, and share it with up to 3 friends. When they spend S$500 in the first month, you both get S$25 each! 🙌

How to find your referral code? Check it out here https://help.basedapp.io/en/articles/8381942-are-there-referral-codes-to-share-with-my-friends

Web app NEW updates!

🔔Push notification for transactions
(profile icon menu > install as app > enable push notifications)

🎨 An improved UI (new fonts and colors)

👩‍💻 New navigation bar & quick menu

💱 View balance in your preferred currency

🇸🇬 Fixed XSGD exchange rate

Just got your BasedApp card and excited to start using it? 🥳

Well, we just made spending better. Get a S$5 welcome bonus on us! 

Hurry, it's gone after 31st Oct.