Bitbase Puts 26 Million Points on a 26-Week Clock
Bitbase launched ORIGIN on November 4, a six-month points season that pays out 1,000,000 points weekly through May 4, 2027. The design rewards consistency and referrals, but trading volume still counts, and the exchange hasn't explained how it filters wash trades.
Bitbase opened ORIGIN on November 4, the first season of its Bitbase Points program. The math is simple enough. 1,000,000 points distributed every week for 26 weeks, wrapping May 4, 2027. That's 26 million points across roughly six months, credited daily based on each user's share of total contribution.
Contribution comes from four places. Trading volume, assets held on the exchange, day-to-day consistency, and referrals. That third category is doing real work here. Bitbase counts continued participation as its own source, so staying active adds to your share even in a flat market. Referrals pay the referrer 25% of the new user's contribution without touching the new user's own points. Everyone eligible gets enrolled automatically, no opt-in form.
Here's the part worth flagging. Existing users walked into day one with points already banked from prior activity. Bitbase credited them before the season started, so their rankings reflect history, not just what happens between now and May. New arrivals are competing against a head start they can't see.
Then there's the Trading Identity card, first issued November 9 and refreshed every Monday after that. It's a shareable snapshot of your trading style. Cute feature. Also a referral engine wearing a hat.
The program lands two days after Bitbase 2.0, the rebrand that introduced the tagline "Market Flows. We Focus." Nicholas Lo, the exchange's chief business officer, framed ORIGIN as a bet on users who show up consistently rather than during the loud weeks. A six-month season, he argues, gives that consistency weight.
Fair enough. Most exchange campaigns run four to eight weeks and get farmed into oblivion by wash traders. Stretching the window to 26 weeks is a real design decision, and it raises the cost of gaming the leaderboard. But trading is still a contribution source, and Bitbase hasn't published how it filters self-matching volume. Until it does, assume the rankings contain some noise. Also, no token commitment has been made. Points are IOUs until they aren't.
Watch the conversion terms, not the leaderboard.