Omnichannel trading platform Based has launched its native token BASED and shared details about the token economy. According to the company, the total supply of BASED tokens will be fixed at 1 billion.
According to the published token distribution plan, 36% of the supply (360 million tokens) is set aside for the community. Of this, 23.64% (236.4 million tokens) will be allocated to ecosystem and community rewards, 20.36% (203.6 million tokens) will be distributed to investors, and 20% (200 million tokens) will be distributed to seed contributors.
Details of the 36% share allocated to the community were also revealed. Accordingly, 235 million tokens (23.5%) will be distributed to Based community members, PUP holders, BasedPal NFT holders, launch partners who supported token generation events (TGEs), and users who participated in Season 1 and Season 2 point activities. Applications are expected to begin in March 2026, and there is no lock-in period for this distribution. Additionally, 75 million tokens (7.5%) will be allocated to the Ethena community and 50 million tokens (5%) will be reserved for Season 3 participants.
The company’s official statement reads: “BASED is the native token that powers the Based ecosystem. It is designed as a utility token that provides access to features within the platform, aligns incentives, and supports long-term ownership by the community.”
*This is not investment advice.
