The Based Foundation has introduced $BASED, the native token designed to underpin its expanding on-chain trading and financial platform. Built on the LayerZero OFT standard, the token enables seamless transfers across multiple blockchains, including Ethereum, BNB Chain, and Hyperliquid, from launch.
With a fixed supply of 1 billion tokens, $BASED allocates 36% to its initial community distribution, while 23.64% is reserved for ecosystem growth and incentives. The token is set to be listed across major crypto exchanges, including Coinbase, Binance Alpha, Bybit, OKX, Kraken, and HTX, showing broad market access from the outset.
The Based Foundation is proud to support the launch of $BASED – the native token of Based.
Built on the LayerZero OFT standard, $BASED is transferable across Ethereum, Binance Smart Chain, and Hyperliquid from day one.
Fixed supply: 1,000,000,000 $BASED. 36% allocated to… pic.twitter.com/oyCjwLPu4O
— Based Foundation (@BasedFnd) March 30, 2026
Based revealed its $BASED tokenomics, allocating 60% of the total supply to community and ecosystem rewards, with a focus on incentivizing users, partners, and long-term growth. The initial distribution targets early participants, NFT holders, and ecosystem contributors, with some tokens unlocked immediately and others vested over time. While the token will be used for staking, governance, discounts, and platform perks, the allocation has faced criticism from early users who feel the community share is smaller than expected after partner allocations.
Multi-Chain token launch targets unified financial access
The launch of $BASED is in line with the larger vision of the platform to provide unified access to financial markets. Based positions itself as a single interface through which users can trade various assets such as crypto, equities, and commodities without having to use multiple interfaces or face any geographic restrictions.
The platform currently boasts over 100,000 users, with an annualized revenue of approximately $20 million, thus showing significant traction in an industry that is slowly shifting towards on-chain trading infrastructure.
AI Integration and Token Utility for Ecosystem Development
In addition to the above, Based is also incorporating artificial intelligence into its platform, which would enable autonomous agents to trade on behalf of users. This follows a larger trend towards AI in financial markets, particularly in the crypto space.
Meanwhile, Base App officially sunset its Creator Rewards program and Farcaster-powered social feed. The strategic pivot, announced on Monday, February 9, 2026, marked a shift from social-first experimentation to a “transaction-first” strategy aimed at making the platform the premier hub for tradable on-chain assets.
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