$BASED Token Rights

Updated Apr 05, 2026

Overview

Token(s): BASED
Token Type: Utility
Utility: Staking, Protocol Access, Fee Discounts

BASED is the native utility token, issued by the Based Foundation. It is designed to align incentives, unlock platform features, and support long-term community ownership. Projects that launch on Based use BASED as their utility token.

Governance Rights

Control

No onchain governance is active at this time.

Governance Decisions

N/A

Treasury Decisions

N/A

Revenue Decisions

N/A

Fee Switch

OFF

Based earns 0.025% on every trade via its builder code on Hyperliquid. Every time a user spends their Based balance via card, Based earns interchange from the transaction. Cross-border and foreign currency transactions generate FX conversion fees. At this time, this revenue funds user perks and indirectly supports the utility flywheel.

Equity Statement

The Series A fundraising round was an equity investment with token warrants. Platform revenue flows to staking benefits, ownership remains with Based and its investors.

Economic Rights

Value Capture

Holding or staking BASED will unlock platform benefits.

Buybacks

N/A

Dividends

N/A

No dividend or revenue distribution is currently active

Burns

N/A

No burn mechanism is currently active

Ownership

Raise History

2 rounds · $11.5m total

Date	Amount	Round	Valuation
Feb 23, 2026	$11.5m	Series A	—
Sep 08, 2025	—	—	—

Fundraising: EquityToken Sale
Equity Revenue Capture: Unknown
Associated Entities: DevCoFoundation