API3 (API3), Bluezelle (BLZ), Gods Unchained (GODS), Immutable X (IMX), Measurable Data Token (MDT) and Ribbon Finance (RBN) are launching on Coinbase Pro
Starting Today, Wednesday December 8, transfer API3, BLZ, GODS, IMX, MDT and RBN into your Coinbase Pro account ahead of trading. Support for API3, BLZ, GODS, IMX, MDT and RBN will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT), Thursday December 9, if liquidity conditions are met. Please note that Coinbase currently only supports the ERC-20 version of these assets.
One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added trading support for Circuits of Value (COVAL), IDEX (IDEX), Moss Carbon Credit (MCO2), Polkastarter (POLS), ShapeShift FOX Token (FOX), Spell Token (SPELL), SuperFarm (SUPER)
Starting Today, Wednesday December 8 we will begin accepting inbound transfers of API3, BLZ, GODS, IMX, MDT and RBN to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT)Thursday December 9, if liquidity conditions are met.
Once sufficient supply of API3, BLZ, GODS, IMX, MDT and RBN is established on the platform, trading on our API3-USD, API3-USDT, BLZ-USD, BLZ-USDT, GODS-USD, GODS-USDT, IMX-USD, IMX-USDT, MDT-USD, MDT-USDT, RBN-USD and RBN-USDT order books will launch in phases, post-only or auction mode then limit-only or full trading mode. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.
We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.
API3 (API3) is an Ethereum token that powers the API3 project, which aims to connect traditional APIs with the blockchain ecosystem. API3 token is used to govern the API3 DAO (decentralized autonomous organization) and to vote on project upgrades.
Bluzelle (BLZ) is the token powering the Bluzelle platform and decentralized storage network. BLZ can be used to pay for transactions, storage, staking, and voting on the future of the network. Note: Coinbase currently only supports BLZ running on the Ethereum blockchain (ERC-20).
Gods Unchained (GODS) is an Ethereum token that powers Gods Unchained, a blockchain-based trading card game. GODS can be used to craft NFTs and other digital items within Gods Unchained as well as vote on the future of the platform.
Immutable X (IMX) is an Ethereum token that powers Immutable X, a scaling solution for NFTs that aims to enable near-instant, zero gas fee transactions. IMX can be used staking on Immutable X, voting on the future of the protocol, and paying transaction fees.
Measurable Data Token (MDT) is an Ethereum token that powers the Measurable Data Token ecosystem for anonymously sharing and monetizing consumer data. MDT is used as a medium of exchange between users sharing their data and businesses accessing it.
Ribbon Finance (RBN) is an Ethereum token that governs Ribbon Finance, a decentralized finance protocol designed to generate yield by combining options, futures, and fixed income to improve a portfolio’s risk-return profile. RBN is the protocol’s governance token and can be used to propose and vote on the future of the platform.
API3, BLZ, GODS, IMX, MDT and RBN are not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.
Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.
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Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.
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API3 (API3), Bluezelle (BLZ), Gods Unchained (GODS), Immutable X (IMX), Measurable Data Token (MDT)… was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.