By integrating web, mobile, desktop, Telegram, and even a physical trading card into a single synchronized system, Based positions itself as a core infrastructure layer for the Hyperliquid ecosystem. So what is Based. Let’s dive into this article.
What is Based?
Based is an Omnichannel trading platform built on Hyperliquid, backed by Ethena Labs. The project focuses on expanding the user experience by consolidating multiple trading channels such as web, mobile, desktop, Telegram bot and Based Card into a single system.
Based supports the Hyperliquid ecosystem, especially HyperEVM, through programs like XP Points and partnerships with projects like Upheaval and RubiFi.
Specialities of Based
MiniApp
MiniApp is one of the innovations of Based. Instead of acting as a trading interface, Based expands into an integrated financial application platform, where developers can build and deploy trading tools directly to the community.
MiniApp allows the integration of many utilities such as automated trading bots, liquidation maps, arbitrage strategies and copy trade: tools that are usually only available on specialized platforms.
The project also provides an SDK for programmers, helping them easily create custom MiniApps, deploy on Based and earn a portion of the transaction fees generated from users.
Basedpad Launchpad
Based's Launchpad is built directly on HyperEVM, inheriting the speed and scalability of Hyperliquid. Instead of following the “traditional IDO” model, which is often dominated by whitelists or large investment funds, Based applies a dual allocation mechanism: dividing evenly between the public round and the priority list based on the level of interaction and XP points.
In particular, the platform does not charge fees and does not allocate tokens to the development team, a notable difference from many other Launchpads that often allocate most of the tokens to internal or early investors.
XP and Affiliate Rewards
From a strategic perspective, Based sees the community as part of the growth model, not just users. Therefore, the platform implements the XP Rewards system - a scoring mechanism that works based on transaction volume, holding time and the level of interaction with the ecosystem.
In addition, the multi-tier affiliate system allows for referral fees to be shared, with a significant portion of the revenue being redistributed to the community instead of going into a central treasury.
Omnichannel Trading
Unlike other typical DEX platforms, Based expands to the Omnichannel Trading model, allowing users to access and trade via web terminal, mobile app, Telegram bot, desktop app, and even Based Card: a physical trading card linked directly to an on-chain account.
This design not only brings convenience to traders, but is also a strategic move to help Hyperliquid expand its reach to mainstream users: those who are familiar with the CEX experience but still want to enjoy the transparency and autonomy of DeFi.
$BASED Token Information
$BASED Key Metrics
Here is the information of $BASED
- Token Name: Based
- Ticker: $BASED
- Token Type: TBA
- Total Supply: TBA
- Contract address (CA): TBA
$BASED Use Case
Currently, Based has not announced any official use case of $BASED for the project. Whales Market will update immediately when the official Based website announces.
$BASED Listing
Here are important details revealed to $BASED:
- Listing time: TBA
- Confirmed CEX Listings: TBA
- Pre-market Price (Whales Market): TBA
Based Tokenomics & Fundraising
Tokenomics
Currently, Based has not announced any official tokenomics for the project. Whales Market will update immediately when the official Based website announces.
Fundraising
Currently, Based has not announced any official fundraising for the project. Whales Market will update immediately when the official Based website announces.
Based Roadmap & Team
Roadmap
Currently, Based has not announced any official roadmap for the project. Whales Market will update immediately when the official Based website announces.
Team
Here is Based team member: Edison Lim - CEO
Conclusion
Based represents a new generation of on-chain trading where accessibility, transparency, and community alignment take priority over traditional launchpad or DEX models.
By combining omnichannel execution, a builder-friendly MiniApp ecosystem, and meaningful incentive mechanisms, Based strengthens Hyperliquid’s user base while creating a more open and equitable trading environment.
Disclaimer: This article is for informational purposes only, not investment advice, and Whales Market is not responsible for any of your investment decisions.
FAQs
1. What is the native token of Based?
The native token of Based is $BASED, used to facilitate coordination across the ecosystem.
2. What is the price of Based ($BASED) today?
While Based ($BASED) hasn't been listed yet, users can trade $BASED pre-market on Whales Market before the TGE. Here you can trade $BASED before the asset gets listed on leading CEXes like Binance, Bybit or OKX.
3.What is Based ($BASED) pre-market price?
Currently, $BASED is trading on Whales Market. Whales Market is the leading pre-market DEX platform to trade pre-TGE tokens and allocations, with over $300 million in volume, no middlemen, trustless and on-chain.
4. How much has Based ($BASED) raised?
Currently, Based has not announced any official fundraising for the project. Whales Market will update immediately when the official Based website announces.
5. What is $BASED allocation?
Currently, Based has not announced any official tokenomics for the project. Whales Market will update immediately when the official Based website announces.
6. How can I trade $BASED before official listing?
You can buy or sell pre-TGE $BASED on Whales Market by creating or filling orders with collateral-based settlement.