The honest answers.

BASED (ticker: BASED, name: DevBased) is an SPL token on Solana created in April 2024. It is the third token from a developer who got fired from Bank of America in 2023 for creating a banking-protest coin on BNB Chain.

It is not a security, not a yield product, not a promise. It is a meme token that lives or dies by what its holders and creator do on-chain.

Solana mint: BishJW8AN57nNUES2sDMNTNm8Nwic2CGPR5mXMwc1Vt5

Always verify the contract on DexScreener or Solscan before swapping. Scam tokens with similar names exist on Solana.

Fast finality and low fees. A buyback that costs a fraction of a cent on Solana would cost dollars on Ethereum. For a transparency-first project that posts every buy on-chain, cost-per-action matters.

The earlier "Fuck The Bank" token was on BNB Chain. The current build is on Solana intentionally — the bet is that radical transparency requires cheap-enough infrastructure to actually do it.

Total supply: 998,588,822 BASED (~1 billion, fixed). Snapshot taken June 5, 2026:

• 45.92% in the Raydium SOL/BASED pool (liquidity)
• 54.08% circulating across 814 unique holder wallets
• Top non-pool holder: 33.3M (3.33% of supply)
• Dev wallet (j8mTBAk...waW): 11.4M (1.14% of supply)

Full distribution: tracking page →

Use any Solana DEX aggregator (Jupiter or Raydium) and swap SOL for the contract address above.

Slippage is currently high because liquidity is small (~$7K USD). Use small clip sizes. The buybacks are slowly tightening the pool.

The developer routes a portion of personal trading income into BASED buybacks on Raydium. Every buyback is logged at /devbased/tracking and visible on-chain.

To date: 11 buybacks, 1.98 SOL spent (~$130 USD), 25.1M BASED acquired (2.51% of supply). All from wallet j8mTBAk...waW.

Schwab brokerage API integration is in progress. Once approved, weekly buyback receipts (USD → SOL → BASED) will be uploaded with brokerage confirmations attached. Target: Q3 2026.

A dev who stayed based — meaning didn't take an easy exit or dump on holders. The token metadata, signed on-chain in November 2024, states: "I won't ever sell any tokens that I make, only burn or give away."

That is verifiable. The dev wallet j8mTBAk...waW has zero outbound sells to the Raydium pool in its on-chain history. Only buys.

The structural rug checks:

• Mint authority: revoked. No new BASED can be created. Verify on Solscan
• Freeze authority: revoked. Your wallet can't be frozen.
• LP tokens: held by the Raydium AMM pool authority 5Q544fKrFoe6tsEbD7S8EmxGTJYAKtTVhAW5Q5pge4j1 (standard Raydium v4 LP custody, not a third-party lock contract). Verify on Solscan. Confirm current burn or lock status on DexScreener before buying.
• Dev wallet sells: zero, since launch. Verifiable on Solscan.

What this does NOT protect against: market risk. The token traded as low as $0.0000076 (FDV ~$7,600) after a peak around $1.5M FDV. You can lose money holding any meme coin. This one happens to have a transparent dev — that's not the same as guaranteed upside.