About Based Money
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.
24 Hour Volume