Based (BASED) - Crypto Super App for Trading and Spending

The Fragmented Crypto Experience Is Holding You Back#

Most crypto users today are stuck juggling multiple platforms just to manage their assets. One app for trading perpetuals, another for prediction markets, a separate wallet for spending, and yet another tool to track portfolios. Every switch between platforms introduces friction, security risks, and wasted time. Despite crypto promising financial freedom, the infrastructure to use it in daily life remains scattered and clunky.

What If One App Could Do It All?#

Imagine a single platform where you can trade spot and perpetual futures on one of the fastest blockchains, place bets on prediction markets, spend your crypto at over 100 million merchants worldwide with a Visa card, and even access AI-powered trading tools. Based is building exactly that, and it has already processed over $41 billion in trading volume with more than 100,000 users onboard.

What is Based coin?#

What does Based do?#

🚀 Unified Trading Terminal: Based provides a high-performance trading interface built on Hyperliquid infrastructure. Users can trade 100+ assets including perpetual futures with up to 40x leverage and spot markets, all powered by real-time orderbooks with institutional-grade speed and liquidity.

🔮 Prediction Markets: Based integrates hundreds of prediction markets powered by Polymarket directly into the platform. Users can place predictions across politics, sports, crypto, and more without needing to switch between separate applications or manage multiple accounts.

💳 Based Visa Card: Based offers Visa debit cards that allow users to spend their crypto at over 100 million merchants worldwide across 160 countries. Card tiers include HYPE and Based Gold, with cashback rewards paid in both USD and BASED tokens. The Based Gold card offers up to 4% cashback in BASED, entertainment rebates for services like Netflix and Spotify, and airport lounge access.

🤖 AI-Powered Infrastructure: Based AI is a suite of tools that bring artificial intelligence into trading and building on Hyperliquid. The AI Inference Gateway offers pay-per-use access to all major AI models with instant settlement via x402 micro-transactions. Additional consumer AI products include browser-based AI chat, Based Page for deploying web content from AI conversations, and Agent Mail for agent email mailboxes.

🏦 Staking and Fee Discounts: Users can stake BASED tokens to earn yield, unlock trading fee discounts of up to 100%, and gain access to the Based Launchpool for early participation in new ecosystem projects. Three staking tiers (OG, Based, Normie) offer varying APR rates, and staking is required to qualify for the Based Visa Card.

🌐 Based Cloud and Enterprise Infrastructure: Based extends its core technology stack to power third-party trading venues through Based Cloud. HyENA, a Hyperliquid-native perpetuals venue built using Based’s infrastructure, has already processed over $1.5 billion in trading volume within months of launch, demonstrating the modularity and scalability of the platform.

Who are behind Based?#

Edison Lim, Co-founder and CEO

• Programmer and entrepreneur based in Singapore
• Graduated from Singapore Management University with a Bachelor’s in Information Systems (Summa Cum Laude)
• Holds a Master’s degree in Information Security from Carnegie Mellon University
• Recipient of Singapore’s National Infocomm Scholarship, awarded by the Singapore Government
• Previously led engineering at Zilliqa, a high-performance blockchain platform born out of academic research at the National University of Singapore
• Led engineering at Alta Exchange, a regulated private equities exchange in Singapore
• Named Tech MVP 2021 by Campaign Asia for his contributions to blockchain development
• Patent inventor for blockchain-related systems and methods, awarded by the Singapore Intellectual Property Office

Zac, Co-founder and CTO

• Co-founded Based alongside Edison Lim
• Leads the technical development and architecture of the Based platform
• Described by Pantera Capital as embodying the spirit of the Hyperliquid ecosystem with strong execution capabilities

Why This Team Inspires Confidence#

Institutional Backing: Based raised $11.5 million in a Series A round led by Pantera Capital, one of the most respected crypto-focused venture firms. Additional backing comes from Coinbase Ventures, Wintermute Ventures, Ethena, Hashed, and Spartan Group. This caliber of investors signals strong institutional confidence in the project’s vision and execution capability.

Proven Traction: Based has already achieved over $41 billion in cumulative trading volume, serves more than 100,000 users, and generates approximately $20 million in annual recurring revenue. These are not projections but actual performance metrics that demonstrate real product-market fit and growing adoption.

Technical Pedigree: CEO Edison Lim brings deep blockchain engineering experience from leading development at Zilliqa, one of the earliest high-performance blockchain platforms. His academic background at Carnegie Mellon University and his track record of building regulated financial infrastructure at Alta Exchange give the team credibility in both technology and compliance.

Revenue Diversification: Unlike many crypto projects that rely solely on token speculation, Based generates revenue from multiple streams including builder code fees from trading, card-related services such as interchange and membership fees, and enterprise deployments through Based Cloud. This diversified revenue model supports long-term sustainability.

Strategic Ecosystem Position: Based is positioned as the primary consumer gateway to Hyperliquid, one of the fastest-growing blockchain ecosystems. By serving as the front door to Hyperliquid’s trading infrastructure while also powering third-party venues like HyENA, Based has created a flywheel effect where platform growth drives ecosystem expansion and vice versa.

What to Know Before You Buy Based#

1. Crypto Super App With Real Utility

Based is not just another trading platform. It combines perpetual futures, spot trading, prediction markets, a Visa debit card, AI tools, and staking into a single unified experience. This comprehensive approach means holding BASED provides access to a full suite of financial services rather than just exposure to one feature.

2. Strong Staking Incentives

Staking BASED unlocks trading fee discounts of up to 100%, access to the Launchpool for early project participation, and eligibility for the Based Visa Card with cashback rewards. With approximately 97 million BASED already staked, there is strong community commitment to the ecosystem’s long-term growth.

3. Growing Real-World Spending Use Case

The Based Visa Card bridges the gap between crypto holdings and everyday spending. Users can spend their crypto at over 100 million merchants in 160 countries, with cashback rewards that flow back as BASED tokens. This real-world utility gives the token value beyond trading and speculation.

4. AI and Infrastructure Expansion

Based AI and Based Cloud represent significant growth vectors. The AI Inference Gateway positions Based at the intersection of AI and crypto commerce, while Based Cloud enables white-label deployments of trading infrastructure. Both create new revenue streams and expand the ecosystem’s reach.

5. Multi-Exchange Availability

BASED is available across major exchanges including Binance, MEXC, Bybit, OKX, Kraken, and Coinbase, along with Hyperliquid’s native trading. This broad exchange coverage provides strong liquidity and accessibility for traders worldwide.

How to buy Based?#

Based is available on Binance Alpha, where it has been highlighted as a token within the Binance ecosystem. Binance Alpha serves as a selection pool within the Binance platform that features promising tokens for users to explore and trade. To purchase Based on Binance Alpha, users can trade using BNB. Binance is one of the largest and most trusted cryptocurrency exchanges in the world, offering deep liquidity, advanced trading tools, and a secure environment for millions of users globally.

Buy Based on Binance

Based is also listed on MEXC, where users can trade the BASED/USDT pair. Having some USDT ready in your MEXC account will make it easy to purchase Based whenever you are ready. MEXC is known for its fast token listings, low trading fees, and support for a wide variety of digital assets across spot and futures markets.

Buy Based on MEXC

For users who prefer decentralized trading, Based can be purchased through GMGN. To buy on the BSC network, move your BNB from a centralized exchange like Binance to your GMGN BSC wallet and swap for Based. To buy on the Ethereum network, move your ETH to your GMGN Ethereum wallet and swap for Based.

Buy Based on GMGN (BSC)

Buy Based on GMGN (Ethereum)

GMGN is a popular on-chain trading platform that offers real-time token analytics, smart money tracking, and a streamlined swap experience. It provides users with powerful tools to discover trending tokens early and execute trades quickly across multiple blockchain networks.