What is Based? $BASED is available on WEEX Pre-Market

Introduction to Based

Based is a next-generation crypto SuperApp built on the Base ecosystem, combining perpetual trading, spot trading, prediction markets, and crypto payments into a single integrated platform. Designed as a mobile-first trading terminal for the Hyperliquid ecosystem, Based aims to become the “Web3 banking app” for the next generation of crypto users.

Originally founded in 2023 under the name Suberra, the platform officially launched its new flagship product, Based, in July 2025. The goal is to create a vertically integrated ecosystem combining derivatives trading, spot markets, prediction markets, and crypto-native payment tools.

At its core, Based leverages infrastructure from Hyperliquid, known for its high throughput and deep liquidity. By building on Hyperliquid’s performance layer, Based provides an advanced trading interface while maintaining the efficiency of decentralized execution.

The platform positions itself as a mobile-first trading terminal and Web3 banking SuperApp, enabling users to trade, earn, and spend crypto assets within a unified ecosystem.

$BASED/USDT is available on WEEX Pre-Market.
Please read on for more details about Based before your trade.

Team & Background

Based was developed by a Singapore-based Web3 company, originally founded in 2023 as Suberra before relaunching as Based in July 2025. The rebrand reflects the project’s broader vision of building a crypto SuperApp that combines trading, payments, and financial services into a unified platform designed for both retail and advanced users.

The founding team brings together experience in fintech entrepreneurship, product growth, and blockchain infrastructure. The platform is led by CEO Edison Lim, who became deeply involved in the Hyperliquid ecosystem in 2024 and later emerged as one of its top traders. Alongside co-founder Zac L, the team has focused on developing a vertically integrated crypto financial platform that connects derivatives trading, prediction markets, and payment utilities.

On the technical side, CTO Zlace.hl leads the platform’s infrastructure development and ensures close integration with Hyperliquid’s liquidity layer. Operational strategy is overseen by COO Jun Hao Lim, supporting the platform’s growth and ecosystem expansion.

Since its early development, Based has also attracted institutional backing, raising around $19.2 million from investors including Pantera Capital, Coinbase Ventures, and Wintermute, positioning the project for continued growth within the Base and DeFi ecosystems.

Technical Architecture

The Based platform is built on a modular architecture that combines high-performance trading infrastructure with integrated financial utilities.

Hyperliquid Trading Infrastructure

Based integrates with Hyperliquid, a high-throughput decentralized trading environment capable of handling large transaction volumes with minimal latency. This infrastructure enables efficient perpetual futures trading and deep liquidity access.

Advanced Trading Interface

The platform enhances the native trading experience with professional trading tools, including: Private TWAP Orders to reduce market impact for large trades, trailing Stop-Loss for flexible risk management, multi-Asset Collateral allowing multiple tokens as margin, and cross-platform access via Web, Desktop, iOS, and Android.

Prediction Market Integration

Through participation in the Polymarket Builder Program, Based allows users to access prediction markets directly from the platform interface. This expands trading opportunities beyond financial markets into events such as politics, sports, and crypto ecosystem outcomes.

Based Cloud Infrastructure

Based Cloud offers infrastructure services for partners and developers, enabling them to deploy customized trading or payment applications on top of the Based ecosystem.

Application Scenarios

Based is designed to support multiple real-world crypto use cases.

Advanced Derivatives Trading

Users can trade perpetual futures and spot assets through a professional trading interface while benefiting from Hyperliquid’s liquidity and performance.

Prediction Markets

Through Polymarket integration, users can speculate on event outcomes ranging from crypto developments to global events, expanding platform engagement.

Crypto Payments

One of the most distinctive features is the Based Card, a crypto-enabled Visa debit card allowing users to spend digital assets at over 90 million global merchants.

This bridges the gap between on-chain finance and real-world payments, enabling users to earn crypto rewards while spending their assets in everyday transactions.

Developer Infrastructure

With Based Cloud, businesses and developers can build financial products, trading interfaces, or payment applications within the Based ecosystem.

Ecosystem

The Based ecosystem is designed to support developers, liquidity providers, and DeFi protocols. By integrating with decentralized exchanges, lending platforms, and payment systems, the protocol aims to become a core infrastructure layer for stable-value assets in Web3.

Developers can build applications that leverage Based synthetic dollars as a consistent unit of account, while liquidity providers can participate in pools that support system stability and earn incentives.

As the ecosystem expands, Based plans to introduce additional integrations and infrastructure to further strengthen cross-chain liquidity and financial composability.

Token Information

$BASED serves multiple functions within the ecosystem: trading fee discounts which users receive reduced fees for perpetual and prediction market trading on the platform; Based card rewards and Based Mall payments for whom olding or staking $BASED unlocks tiered benefits for the Based Card, including up to 8% cashback and higher spending limits as well as payments and discounts across partner merchants in the Based Mall ecosystem. Then comes the launchpool access which token holders gain priority participation in future Launchpool opportunities. AI agent commerce is made up for the future platform upgrades plan to introduce AI-driven commerce features accessible through $BASED utilities. The utility of governance refers to $BASED holders can vote on platform upgrades and ecosystem decisions. Last comes the on-ramp and off-ramp discounts, designed for users to benefit from lower fiat conversion fees.

The token distribution emphasizes community participation: with most part of allocation towards community for 36%, ecosystem and rewards for 23.64%, investors for 20.36%, core contributors for 20%

For more details on the token economics of $BASED, please stay tuned for our updates.

Get Ready for $BASED TGE — Don’t Miss the Next Stable Infrastructure Opportunity

The highly anticipated Based ($BASED) is coming to WEEX Exchange, offering traders early access to a next-generation decentralized stable asset protocol. Trusted by millions of traders worldwide, WEEX provides a secure and seamless trading environment to explore emerging crypto opportunities.

Don’t miss your chance to participate in the evolution of decentralized finance infrastructure.

You can trade $BASED/USDT now. Know more, then gain more.

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