Based rewards & airdrop history

CompletedPerp DEXPhase: Season 3 (ended)Token: $BASEDData reviewed 2026-07-05

Independent research, not a token-access portal

PerpFinder is not Based and is not affiliated with or endorsed by it. We do not connect wallets, check eligibility, process token distributions, accept deposits, or distribute tokens. Never enter a password, seed phrase, or private key on PerpFinder. Historical distributions do not prove that a future airdrop will occur.

Method	Details
BASED Staking	Post-TGE rewards moved to tiered BASED staking with dynamic APY that falls as more tokens stake.
Affiliate Fee Share	Affiliates earn a share of trading fees across three tiers; referred users get a 10% monthly fee rebate. Points referrals ended with Season 3.

This table describes published mechanics. It does not check eligibility and does not promise a distribution.No method publishes a points-per-dollar rate · Every method carries the same 1x multiplier

What Based has actually paid out

Season	Date	Distributed	Price at drop	Eligibility
Seasons 1-2 (TGE)	2026-03-30	235M BASED	$0.12	The Based Community allocation for S1, S2, PUP and BasedPal holders: 23.5% of supply with no vesting. Tokens went directly to Hyperliquid Core wallets.
Season 3	2026-05-11	50M BASED	$0.1	Season 3 participants received 5% of supply. The season ended on 2026-05-04. Genesis signers received tokens on 2026-05-11, and later signers on 2026-06-07.

Sources for each distribution

Seasons 1-2 (TGE) · sources checked 2026-09-23
- Based documentation: BASED token (opens in a new tab)
- Price at drop (market data, not an official source): CoinMarketCap daily close, 2026-03-30 (UTC) (opens in a new tab)
Season 3 · sources checked 2026-09-23
- Based documentation: BASED token (opens in a new tab)
- Price at drop (market data, not an official source): CoinMarketCap daily close, 2026-05-11 (UTC) (opens in a new tab)

BasedApp ran three points seasons on its perp trading super-app before and around the BASED TGE. The points era is fully paid out.

Full Based review

Status note (2026-07-05): BASED launched 2026-03-30 (CoinGecko: based-one). Season 3 was the final points season; earning has shifted to staking and affiliate fee share, and no Season 4 is announced as of 2026-07-05. Points may never convert to tokens. The team sets any conversion ratio at distribution time. Never trade solely to farm an airdrop.

FAQ

Is a new Based airdrop confirmed?

No new airdrop is confirmed by past distributions alone.

Based previously distributed 235M BASED in Seasons 1-2 (TGE). The separately tracked rewards-program status is completed. PerpFinder does not determine or verify eligibility.

Is the documented Based program still active?

No — the points era has ended.

Nothing earns airdrop points on Based today. The Documented Based program mechanics table describes how the concluded program worked.

What did earlier Based seasons pay?

Seasons 1-2 (TGE) (2026-03-30): 235M BASED at ~$0.12 per token; Season 3 (2026-05-11): 50M BASED at ~$0.1 per token.