Based Money ($BASED)

BASED is the native token to the Based Protocol, which expands and contracts the supply of BASED every 24 hours to target a price 1 BASED is equal to 1 sUSD if the price of BASED is greater or less than 5% of the price of 1 sUSD, then a rebase (expansion or contraction) event will be triggered. For holders of BASED, this means that while the price of 1 BASED may fluctuate, the holder’s ownership of the circulating supply remains constant. Therefore, holders should be careful not to make decisions regarding gains and losses simply taking price into account.