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It’s 3 hours since $BASED TGE. We have done something unprecedented in the space. We launch a token on not just Hyperliquid. Within an hour of launch, Based was live across (in alphabetical order): Binance Futures Bybit Spot + Futures Coinbase Hyperliquid Kraken OKX Spot + Futures We’ve shown that it is possible to launch on Hyperliquid while being listed across major CEXs globally. In the last few hours, we have done $160M+ in perp volume and ~$70M across spot and DEX. This places BASED among the more actively traded assets in crypto right now, especially in these market conditions. 23.5% of tokens were airdropped to the Based community without vesting. All airdrops happened on Hyperliquid, delivered directly to users’ wallets on HyperCore. No claim rush. No network congestion. A clean distribution. To date, 68M tokens are locked through the pre-TGE staking pool, representing ~30% of circulating supply. As a team, we gave ourselves a mandate to airdrop to the community in less than a year from launching our SuperApp on @HyperliquidX. Why? Because our users deserve it. There are people who gave us excuses like “wait for more favourable market conditions.” We didn’t want to keep people waiting. When it’s time to launch, it’s time to launch. I’ve taken a personal interest in token design, first as a DeFi maxi in 2021 and later as a trader (which led me to discover Hyperliquid in 2023). They say “founders should not trade and focus on building.” That’s probably true in the tech world, but in crypto, the token is the core product. The token rallies communities and incentivises stakeholders. TGE is the best time to design a system that aligns the people you need to build a successful crypto protocol. When it comes to airdrops, you have users who want to sell everything on day one, and people who want to hold and believe in the project. Others want to stay long-term through a pre-TGE staking pool. To date, 68M tokens have been locked, representing ~30% of the circulating supply. The next part of design is liquidity. Tokens should be liquid and tradable in many places. That’s why we chose to launch on both Hyperliquid and multiple exchanges at the same time. We’ve shown the world that it is possible to launch on Hyperliquid and also be listed on many CEXs globally. The journey is not complete. Now that distribution is done, we will focus on building Based into a full ecosystem — where projects launch, agents operate, and capital flows, all powered by one of crypto’s highest-value user bases: traders who trade big, spend big, and hold with conviction. For those hearing about $BASED for the first time, our litepaper is here: litepaper.based.one/ For those who have received the BASED airdrop and chose to hold, my team and I thank you. And for those who just bought BASED today, welcome to the @BasedOneX family. I am done playing not to lose. It's time to play to win. Stay Based.