Ethena leads the investment in @BasedOneX, but it doesn’t have as much attention as Lighter, Edgex, @paradex, or @OfficialApeXdex. Today, let’s briefly introduce the Perp sector project, Based. This is a project heavily invested in by Ethena, with $4 million invested in the strategic round alone. It’s clear that Ethena places significant importance on this project. Participation link: https://app.based.one/r/ZFLAB Key earning points: Earn XP and points Trade to earn XP: Trade Perp/Spot (e.g., AERO, LINEA) on the Based terminal. Each trade accumulates XP. Season 2 focuses on rewarding terminal trading, with extra bonuses for high-leverage/high-frequency trading. Referral program: Generate an invite link and earn commissions by inviting friends. Streams viewing: Join Based Streams live sessions, watch trading sessions to earn Based Gold (redeemable for rewards). Donate HyperCore tokens to streamers for additional points. NFT BasedPals NFT: Limited-edition NFTs that cannot be purchased, only earned through Season 1/2 activities (e.g., leaderboard rankings, blind box openings). Holders gain ecosystem privileges (e.g., Launchpad whitelist access). In Season 2, blind boxes can be earned through terminal trading, with the reveal date set for the end of October. Launchpad participation: Join Basedpad (Hyperliquid’s first launchpad), such as the initial Upheaval airdrop snapshot, and pledge HYPE to participate in the public sale. Future projects like PUP will reward holders/LP providers with UP airdrops (20% of the supply allocated to Based XP holders). Partner airdrops: For example, Upheaval’s PUP Season 2 airdrop (10M tokens, 80% to holders, 20% to Based XP users); Hyperliquid HYPE staking rewards. The official Chinese group has just been created. If you’re interested, join here: http://t.me/basedchinese