BasedApp

    What is Based?

    Based is an omnichannel trading platform built on Hyperliquid that provides users with comprehensive access to decentralized perpetual futures trading. The platform operates through multiple interfaces including a web terminal, mobile applications for iOS and Android, a Telegram trading bot, and Based Cloud—a tool that enables projects to launch customized, branded trading terminals in under five minutes. This multi-platform approach allows traders to access Hyperliquid‘s high-performance DeFi ecosystem from virtually any device or preferred interface.

    Beyond trading capabilities, Based offers real-world utility through issued debit cards that allow users to spend stablecoins directly, bridging the gap between DeFi and traditional finance. The platform supports direct deposits into Hyperliquid vaults such as HLP with zero fees, making it easier for users to participate in yield-generating opportunities.

    The platform’s backing comes from prominent crypto investors including Hashed, Delphi, Newman, Spartan, and the Ethena Foundation. This strategic support, particularly from Ethena, focuses on integrating stablecoins like USDe and USDtb into the Hyperliquid ecosystem as well as unreleased products, positioning Based as a key player in stablecoin adoption and DeFi accessibility.

    They have also secured $11.5 million from investors such as Pantera Capital, Coinbase Ventures, Wintermute Ventures, and Karatage.

    BasedApp Airdrop Details

    BasedApp has launched Season 3 (Based Diamonds campaign) running through May 4, 2026, with Season 1 and 2 participants required to sign terms by February 8, 2026 to maintain eligibility for the March 2026 Genesis Distribution claim.

    Latest Update: BasedApp Season 3 Launch and $BASED TGE Details

    How to Participate in Season 3

    1. Visit the BasedApp website and create your account (use invite code ‘AIRDROPSIO‘ if you’re a new user)
    2. Download the BasedApp mobile application from Apple Store or Google Play Store
    3. Fund your account by depositing from supported networks (Hyperliquid, Solana, Arbitrum) or use the on-ramp feature for fiat-to-crypto conversions (you can purchase assets directly from Binance or bridge using Rhino.fi if needed)
    4. Execute perpetual trades and spot trades to earn Based Diamonds throughout Phase 2
    5. Share your referral link to earn up to 78% commission across three tiers and build your referral network
    6. Track your Diamonds accumulation on your dashboard to monitor progress

    Season 3 Campaign Structure

    Season 3 allocates 50,000,000 $BASED tokens (5% of total supply) to participants through a two-phase emission schedule:

    Phase 1 (January 5 – February 12, 2026)

    • Total issuance: 15,000,000 Diamonds
    • Distribution method: Retrospective calculation of user activity on February 12, 2026

    Phase 2 (February 13 – May 4, 2026)

    • Total issuance: 35,000,000 Diamonds
    • Daily fixed issuance: 432,098 Diamonds

    $BASED Tokenomics

    Total fixed supply: 1,000,000,000 tokens

    Genesis Distribution (360,000,000 tokens – 36% of supply)

    1. Season 1 & 2 Allocation (235,000,000 tokens – 23.5%)
      • Recipients: Season 1 and 2 participants, PUP holders, BasedPal NFT holders, launch partners
      • Claim timing: March 2026 (target date, pending exchange coordination)
      • Vesting: No vesting period
      • Requirement: Sign terms by February 8, 2026
    2. Ethena Community Allocation (75,000,000 tokens – 7.5%)
      • Recipients: Ethena community members (eligibility criteria to be announced by Ethena Foundation)
      • Unlock schedule:
        • Months 1-3: 20% monthly unlock (6.67% per month)
        • Month 12: 40% unlocks at one-year anniversary
        • Months 13-18: Remaining 40% vests linearly over six months
    3. Season 3 Allocation (50,000,000 tokens – 5.0%)
      • Campaign end: May 4, 2026
      • Claim date: May 11, 2026
      • Vesting: No vesting period

    Key Dates

    • February 8, 2026: Season 1 & 2 terms signing deadline
    • February 12, 2026: Phase 1 retrospective calculation
    • March 2026: Genesis Distribution claims open (target date, exact timing to be confirmed)
    • May 4, 2026: Season 3 campaign ends
    • May 11, 2026: Season 3 tokens become claimable

    An eligibility checker will be released before the Genesis Distribution claim date. Note that allocations will incorporate anti-sybil measures including filtering for wash trading activity and self-referrals, with undistributed tokens moved to ecosystem and community rewards.

    BasedApp Season 2 Ends, Genesis Event Announced (Ended)

    BasedApp Season 2 has concluded as of January 3rd, with the $BASED token launch scheduled for Q1 2026. To participate in the Genesis Event, users must accept the Based Foundation Terms of Use by February 8, 2026, 12:00 PM UTC:

    1. Visit the Based Foundation Terms of Use page
    2. Review and sign to confirm acceptance
    3. Alternatively, open the Based Mobile App and tap the Foundation icon on the homescreen to sign

    Additional details regarding $BASED token utility will be announced closer to the Genesis Event.

    You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

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    Requirements:

    Phone required

    • App install

    E-Mail required

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    Estimated Value

    n/a

    Tokens per Claim

    n/a

    Max. Participants

    Unlimited

    Overview