Based Announcements

Season 2 is here Bigger, better, and full of rewards. Trade on Based for a chance to win BasedPals NFT, cash prizes, Based Gold, Hype Cards and more! The more you trade, the more blind boxes you unlock and the more prizes you can claim. We have begun distributing Blind Boxes to traders on our platform. The box opening event will take place later this week. Stay tuned to see what’s inside! Season 1 XP campaign has concluded. Starting in Season 2, XP will be issued in the form of Based Gold. Details on Based Gold distribution: https://basedapp.gitbook.io/docs/based/based-xp-gold Link to X

Introducing BasedPals: Your Exclusive Companion in the Based Ecosystem In the Based ecosystem, we’ve always believed that access should be earned, not bought. That’s why we’re excited to introduce BasedPals, a limited and exclusive NFT that you can’t buy, can’t mint, and can’t farm anywhere else. BasedPals isn’t just another NFT drop. It’s a recognition of real users, the traders and community members who make Based what it is. Unlike traditional NFTs that anyone can mint with enough capital, BasedPals NFT can only be obtained through active participation within the Based ecosystem. That means no public sale, no mint site, and no shortcuts. Each BasedPals NFT represents more than ownership, it is a symbol of contribution and alignment. Whether you’ve been grinding the leaderboard, referring users, or trading on Season 1, your activity determines your eligibility. On top of that, for Season 2, you can only get it exclusively through trading via Based Terminals. This makes BasedPals one of the most exclusive and community-earned collectibles in the Hyperliquid ecosystem. Holding one signifies that you’re not just a participant, you are part of the core circle driving Based forward. More details on the first wave of BasedPals NFT distribution will be revealed soon. Once S2 begins, you will be able to earn blind boxes which you can open to potentially get a BasedPals NFT. The BasedPals art will be revealed at a later date. Until then, stay active, stay Based - and maybe, your Pal will find you. Hyperliquid Link to X

Based Season 2 Link to X Article: https://x.com/BasedOneX/status/1974117412229558793

Flow Battle Season 2 has concluded. Competition Stats 🔸 > 3000 Traders Participated 🔸 > $70,000 worth in prizes distributed including cash prizes 🔸 > $2 Billion in Trading Volume Generated Congrats to the winners of this competition! If you ranked in the Top 20, you’ll receive a special badge next to your profile. This badge will appear in the next and all future competitions - a mark of honor for the top < 1% of traders among thousands of participants. 🏅 Cash and NFT prizes will be issued automatically to the winning addresses within the next 96 hours. For the top 1-5 winners who have won a year of CMM subscription and an iPhone17 each, please reach out to us on X to verify your address to claim it. Link to X

Fantastic turnout at the Pickleball Social Club during Token2049, proudly organized by Based! We’re glad so many of you came down, enjoyed the games, and picked up some exclusive pickleball freebies. Thanks for making it such a fun event! Shoutout to our sponsors: Upheaval, Offchain Global, AngelHack & PickleDAO Link to X

Based x Ethena The Reserve Hour @ Token2049 🇸🇬 Our team had a great time speaking and talking to fellow builders and our Based community members! Looking forward to hosting more events for our community. Stay Based Hyperliquid Link to X

Concluding 1st Launchpad Thanks to the Based and Hyperliquid community for participating in the first Launchpad + Airdrop event on Based conducted for @upheavalfi In this event, we've seen a total of 80mil USD in HYPE being committed into the launchpads (with 110x oversubscription), indicating a strong appetite from the Hyperliquid community on token launch events. We hope this sets a precedent, and that strong developer teams on Hyperliquid are able to conduct meaningful TGEs to reward their community. Remember not to trade on the wrong ticker. The ticker for the current active token is $UPHL on Based and on Hyperliquid core and HyperEVM. Team members will not be sending DMs to you in this period. If there are issues, open a ticket in our Discord. Thank you everybody for making this TGE a success. Link to X

UPHL Launch Event Schedule 4:00 AM UTC: Trading & Initial Claims Begin 🔸 Launchpad Claims and Refunds Available: Claims for tokens purchased and refunds during the UPHL launchpad sale will be available at https://app.based.one/launchpad. 🔸 Tokens will be claimed directly to your wallet on the HyperEVM. 🔸 Once claimed, these tokens will be tradeable on Upheaval DEX or can be transferred to HyperCore to be traded on Based (UPHL/USDC) or on Hyperliquid (UPHL/USDC). 🔸 Trade $UPHL on Based or Hyperliquid: You can trade this pair directly on app.based.one/UPHL/USDC or https://app.hyperliquid.xyz/trade/UPHL/USDC 🔸 Trade $UPHL on Upheaval DEX: https://upheaval.fi/swap?outputCurrency=0x9c3Bcc457862dd6d8907BA11F8c7FE7E43A8C08b&inputCurrency=HYPE 6:00 AM UTC: Airdrop Claim Opens 🔸 Airdrop Claims Available: The UPHL airdrop for UP Points, Based XP, and PUP holders will be claimable at https://app.based.one/airdrop. 🔸 Tokens will be claimed to your HyperEVM address. 🔸 These tokens are tradeable immediately on Upheaval DEX or can be transferred to HyperCore for trading on Hyperliquid or Based.

Our first launchpad has officially concluded and we are proud to share that the public sale has been oversubscribed by 110x. A total sum of 73m USD has been committed in this launchpad, signalling huge enthusiasm in token launches on Hyperliquid. The road to house all of finance is paved by having fair, equitable token launches that everyone can look forward to. Much has happened over the few days, with lessons learned along the way. More on this soon. In the meantime, do look out for the following key events as we navigate the conclusion of Based's first ever launchpad. Timeline of Events (26th September): 🔸 ~4:00 AM UTC: $UPHL goes live for trading on HyperCore (Hyperliquid). 🔸 Shortly after listing: Users will be able to claim their $UPHL. 🔸 6:00 AM UTC: Airdrop claim window opens - you can then either claim immediately or choose vesting for a higher multiplier. Link to X

1.5 hours left until the launchpad sale closes. Despite being over 60x oversubscribed on the public sale, you can still commit. Allocations will be distributed proportionately, and any excess wHYPE will be refunded. The sale ends sharply at 4:00 AM UTC. https://app.based.one/launchpad Link to X

Introducing the Boosted Airdrop: Rewarding Loyalty and Alignment Link to X Article

Trading Terminal Update: Universal Search Quickly jump to token charts, set your preferred candle intervals, and access everything instantly. With Universal Search, you can also navigate directly to the homepage, portfolio, and leaderboard - all at your fingertips. Stay Based Link to X

$UPHL launchpad details 🔸 Participate using wHYPE on HyperEVM 🔸 Launchpad closes in 3 days: Sept 25th, 4:00 AM UTC 🔸 Claim Opens: Sept 26th, 4:00 AM UTC 🔸 If total commitments exceed the max raise, excess wHYPE will be refunded during the claim process 🔸 You can still commit even when the raise is oversubscribed 🔸 Whitelisted participants are based on $PUP snapshot taken on 21st Sep Join here 👉 https://based.one/launchpad Link to X

Announcing the first MiniApp on Based In partnership with the CMM HyperTracker team, we collaborated to bring Based traders the first ever MiniApp! This MiniApp allows traders to view important positional data and important insights for traders on Hyperliquid. This helps you to determine trends with greater accuracy, allowing you follow profitable traders, or even to counter-trade loss-making traders. With this integration, it showcases how MiniApps can work within of Based trading terminal. Over time, some of these MiniApps can also be installed on Mobile, which will provide us with the most holistic trading experience, primed to provide traders with even more trading edge! Trade smart, trade with Based. Stay Based. Hyperliquid Link to X

Introducing Our 1st Fair Launch We’re officially kicking off our launchpad with Upheaval, a next-generation DEX with Jumppad Feature built on HyperEVM. Key Dates • Airdrop Snapshot: Sept 21st, 12:00 PM UTC • Launchpad Opens: Sept 22nd, 4:00 AM UTC • Launchpad Closes: Sept 25th, 4:00 AM UTC • Claim Opens: Sept 26th, 4:00 AM UTC How to Participate • Ensure your wallet is ready before the snapshot date • Commit during the Launchpad window (Sept 22–25) • Claim your allocation starting Sept 26th This marks the first ever Launchpad on Based, a significant milestone for the Based ecosystem. A beginning of a new era. Link to launchpad below 👇 https://app.based.one/launchpad Link to X

Introducing Express Deposit on Based Bridge any tokens from other chains directly into USDC on HyperCore seamlessly with Based. Bridge and receive under 12 seconds! We now support: 🔸 Thousands of tokens on different chains 🔸 Auto-conversion from any asset into USDC on HyperCore 🔸 Fiat onramp from 100+ countries worldwide Our goal has always been to make Hyperliquid accessible to the masses and this token bridge allows us to onboard even more users with a seamless onboarding experience. Now available on Web Terminal 👇🏻 https://app.based.one/ Stay Based. Hyperliquid Link to X

#2 All Time Revenue 🏆 In under 100 days More to come Stay Based Hyperliquid Link to X

Introducing Flow Battle: Season 2 🔸Top 5 winners will win a brand new iPhone 17 each 🔸 $40,000 USD in cash prizes 🔸Exclusive NFTs up for grabs 🔸Premium Access to CMM 🔸Top 10 winners will all walk away with prizes 🔸Top 20 winners will get a exclusive badge each Duration: 17th Sept - 2nd Oct Are you ready to flow? Registration link below 👇🏻 https://www.basedapp.io/competitions/c4daff3b-496b-4d0e-af35-742f92b598a9 Link to X

Flow Battle Season 1 has concluded. Competition Stats 🔸 > 2650 Traders Participated 🔸 > $50,000 worth in prizes won 🔸 > $2.7 Billion in Trading Volume Generated Congrats to the winners of this competition! If you ranked in the Top 20, you’ll receive a special badge next to your profile. This badge will appear in the next and all future competitions - a mark of honor for the top < 1% of traders among thousands of participants. 🏅 Cash and NFT prizes will be issued automatically to the winning addresses within the next 72 hours. For the top 2 winners who have won a 1 year of CMM subscription each, please reach out to them on X to verify your address to claim it. Link to X

Sustainable Growth Is Important Yesterday, we made a decision to lower XP benefits right as we hit an all-time-high in $871k USD daily revenue on builder codes. Today, our daily revenue on builder codes is ~$300k USD. This is a reminder to users of Based that our goal is to ensure all of you turn a healthy PNL when trading. The goal was never to extract value from the space with the use of Builder Fees. We aim to sustainably grow the ecosystem with our trading revenue. Recently, a post made its rounds about how airdrops are inherently bad. This is not the case. Inflated expectations against mismatched outcomes are what necessitates a bearish outcome for airdrops. We do not wish for this to happen for projects that launch via us. This is why it is important to us that our traders are trading healthily and not aiming to maximise volume for maximum airdrops. Do take the airdrops as a bonus when they come, and you will be suprised by the outcomes. On a happier note, HyperEVM graduate tokens are now trading around ~70m USDC in daily volume, a 3x of what it is versus yesterday. This is a positive outcome overall as liquidity flows into meaningful projects that not only bring more eyeballs to Hyperliquid, but also creates a virtuous cycle of liquidity seeping into good HyperEVM projects. We aim to do more for such HyperEVM graduate tokens, and have a few plans to do so. Do watch this space. Stay Based. Hyperliquid Link to X