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Based follows a vesting schedule with allocations to the Ecosystem & Rewards, Based Community (S1 & S2, PUPs, BasedPal), Investors, Core Contributors, Ethena Community and Based Community (Season 3 Participants). Most allocations are released through a cliff mechanism. The full unlock schedule extends into 2029.
When is the next Based unlock?
The next unlock for Based is scheduled for April 30, 2026. Released to Based Community (Season 3 Participants).
How much Based supply is currently unlocked?
As of today, approximately 235,000,000 Based which is 23.50% of Based's total supply has been unlocked. The remaining tokens are still locked and will be released according to the vesting schedule.
Is Based vesting cliff or linear?
Based uses cliff vesting, especially for Ecosystem & Rewards allocations. This means tokens are released all at once after a set waiting period, creating a delayed but significant supply event.
What is the difference between Based circulating and total supply?
The circulating supply of Based is 235,000,000 tokens and the total supply is 1,000,000,000 tokens. The total supply is the max amount of tokens to ever be in circulation, including those that are still locked.
What is Based's FDV (Fully Diluted Valuation)?
Based’s FDV is $88,101,000 which reflects the market value if all 1,000,000,000 tokens were unlocked. This figure helps estimate long-term dilution risks.
How is Based allocated across stakeholders?
The Based allocation includes Core Contributors at 20.00%, Ethena Community at 7.50%, Based Community (Season 3 Participants) at 5.00%, Ecosystem & Rewards at 23.64%, Based Community (S1 & S2, PUPs, BasedPal) at 23.50% and Investors at 20.36%.
Has Based price dropped after past unlocks?
Historically, Based has shown low volatility 7 days after the past unlock. The price impact depends on who receives the unlocked tokens and market conditions.
How can I track upcoming Based unlocks?
Tokenomist provides an up-to-date vesting chart and unlocks monitor that shows upcoming unlocks for Based, with visibility for each allocation and amount.