Based Referral Code: 10% Fee Rebate

The Based referral link, with code AXIOM, gives a referred user a 10% rebate on trading fees each month. The rebate comes from the Based affiliate program.

How the AXIOM referral rebate works

Open the referral link and connect your wallet. Sign the message, and Based links code AXIOM to the account. The rebate then applies to the trading fees of each month. A rebate pays back part of the fee after you trade. It does not lower the fee on the order screen.

Based program conditions control the rebate, and Based can change them. Check the affiliate page after your first month to confirm the payment.

Based points no longer exist. The points seasons ended with Season 3, and its final distribution finished on June 7, 2026. The BASED token launched on March 30, 2026. A guide that tells you to farm Based points describes a program that has already paid out.

Fees before the monthly rebate

Our fee record for Based lists a maker fee of 0.02% and a taker fee of 0.05%. We hold no volume-tier discount for Based. On a $100,000 taker trade, the fee is $50 before the rebate. A 10% rebate on that fee returns $5.

Gas on Base is low, so small changes to a stop or a take-profit order cost little.

Eligibility and risks before you sign up

Based runs on Base, the Ethereum layer 2 from Coinbase. It launched in September 2024. You need funds on Base to trade, so a trader with assets on another chain must bridge first. The app accepts WalletConnect wallets and does not ask for KYC. Check your local law before you trade perps.

Based has not published a smart contract audit. No named firm has reviewed the contracts for order matching, liquidation or margin. That gap is the main risk for any funds that you deposit. Keep your position size small until an audit is public.

The venue lists about 20 markets with up to 50x leverage. At 50x, a 2% price move against a position can remove its initial margin. The market list is short, so traders who want many altcoins will find few choices.