Full Based tokenomics breakdown: BASED token allocation, vesting schedule, supply distribution, unlock dates, and investor terms.
Comprehensive breakdown of all investment rounds, pricing terms, and vesting schedules
Key questions and answers about Based tokenomics.
Based token distribution allocates 1,000,000,000 BASED across 3 primary stakeholder groups:
BASED uses variable cliffs and vesting schedules that change depending on the allocation:
23.5% of the total supply (235,400,000 BASED) is unlocked at TGE, with the entire unlock going to Community.
Based has a total supply of 1,000,000,000 BASED, of which 235,375,000 BASED (23.5% of total) is currently circulating.
Total length of the full Based emission schedule is 3 years, with 30.00% released in Year 1, while the remaining 46.36% is released over the following 2 years.
Based has 1 investor round, with the following investment price and vesting:
59.6% of the Based supply is allocated to community focused pools such as Ecosystem & Community Rewards, Based Community, Ethena Community, and Season 3 Rewards.
Based BASED tokenomics enables comprehensive DeFi ecosystem combining trading infrastructure with real-world utility. The protocol integrates Hyperliquid spot and perpetual futures trading, hundreds of prediction markets, and cryptocurrency payment solutions spanning 70 million merchants globally. Token holders access trading fee discounts, governance participation, and staking rewards within the multi-chain ecosystem. The BASED token economics support platform revenue sharing, liquidity mining incentives, and cross-border payment facilitation through native card solutions. Network effects drive adoption through integrated trading, predictions, and payments functionality.