
Based
Intent-based p2p derivs.The CowSwap of perps,
Historical Data
Token / Airdrop / Points
Dual rewards: XP (trading + referrals) and Points (Visa card spending) — both convert to $BASED at TGE. Season 3 (Based Diamonds) active through May 4, 2026. Referral tiers: 60% direct / 12% second / 4% third (up to 76% of trading fees).
BASED token TGE March 2026. Total supply: 1B BASED. ~60% allocated to community and ecosystem. Season 1+2 allocation: 23.5% of supply (235M BASED) to early traders, points holders, PUP holders, BasedPal NFT holders, and launch partners — claimable March 2026, no vesting. Season 3 (Based Diamonds campaign, runs to May 4, 2026): 5% of supply (50M BASED) — claimable May 11, 2026, no vesting. XP earned via spot/perps trading and referrals; Points earned via Visa card spending.