Based builds a decentralized opinion market on the Base blockchain. Think of it as a prediction market but for any opinion — users can stake reputation on outcomes and earn rewards.

The project has allocated a significant portion of its token supply to early community members through a Genesis Distribution and ongoing ecosystem rewards. This guide walks you from wallet setup to claiming tokens, highlights key risks, and provides our editorial assessment. Newcomers will find explanations of every term; experienced users can use it as a checklist.

. What is Based and why is it giving away tokens?

The airdrop is not charity; it distributes ownership to those who bootstrap the network. The team raised funds from private investors (20.36% of supply) and reserved 36% for Genesis Distribution to early users, plus 23.64% for future ecosystem incentives.

• TVL: not disclosed.
• Drop allocation: approximately 12.78% of total supply for Genesis community allocations plus up to 23.64% for ecosystem rewards.
• Participants: exact count not public.
• Funding: investor allocation 20.36% (names undisclosed).
• TGE date: 30 March 2026.

. Step-by-step instructions

1. 1

   Prepare your wallet – You need a Base‑compatible wallet such as MetaMask or Rainbow for the waitlist, and a Hyperliquid Core wallet for automatic token delivery. Add Base network to MetaMask if missing.
2. 2

   Go to the official waitlist page – waitlist.basedapp.com.
3. 3

   Connect wallet and sign the gasless signature.
4. 4

   Click “Get Your Press Pass” and follow the onboarding flow to claim your Press Pass NFT.
5. 5

   Social tasks – follow @basedappcom on X, repost the pinned announcement, download your Press Pass image and share it on X tagging @basedappcom.
6. 6

   Join Discord & Telegram – invite friends using your referral link to earn Bananas which convert to Tickets for the Wheel of Based rewards.
7. 7

   Check your activity dashboard – see your season status and points.
8. 8

   Snapshots – Season 1 and 2 closed 8 February 2026, Season 3 ended 4 May 2026 with a final signing deadline 4 June 2026.
9. 9

   Tokens are distributed automatically to your Hyperliquid Core wallet — no manual claim required.

. Important nuances and pitfalls

Editor’s tips – Use a separate wallet dedicated to airdrop activities. Manually type URLs instead of clicking unverified links. Do not trust rumors about exact token amounts — only official announcements count. Follow official X, Discord, and GitBook for updates. Always read transaction details before signing any approval.

. Project evaluation

Trust Score 70 out of 100.

• Strengths: transparent tokenomics published on GitBook, TGE completed on schedule, clear vesting schedules.
• Concerns: team remains pseudonymous, investor identities not disclosed, main distribution phases are over.

Potential Score 75 out of 100.

Opinion markets are a growing niche on Base, the 23.64% ecosystem reserve provides long‑term incentive runway, and Hyperliquid integration suggests strong DeFi partnerships.

. Conclusion

The main Genesis Distribution has been delivered to eligible wallets. If you participated in Seasons 1‑3, check your Hyperliquid Core wallet. For newcomers the Press Pass campaign is closed, but the ecosystem reserve may fuel future quests. Start by bookmarking the official channels and watching for new announcements. Subscribe to our updates to catch the next round early.

. FAQ

• How much can I earn? Amount varies by tier; Season 1/2 participants received fully unlocked tokens at TGE, Season 3 tokens unlock on 11 May or 7 June 2026.
• Can I use Trust Wallet? Trust Wallet supports Base network but you need a Hyperliquid Core wallet for automatic delivery.
• What is a snapshot? A blockchain record of wallet balances or actions at a specific block used to determine eligibility.
• Can I catch up on missed steps? No, all seasonal deadlines have passed. Future campaigns will have new requirements.