API3 (API3), Bluezelle (BLZ), Circuits of Value (COVAL), Gods Unchained (GODS), Immutable X (IMX), Measurable Data Token (MDT) mStable USD (MUSD) and Ribbon Finance (RBN) are launching on Coinbase
Please note that Coinbase currently only supports the ERC-20 version of these assets.
Starting today API3 (API3), Bluezelle (BLZ), Circuits of Value (COVAL), Gods Unchained (GODS), Immutable X (IMX), Measurable Data Token (MDT) mStable USD (MUSD) and Ribbon Finance (RBN) are available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store API3, BLZ, COVAL, GODS, IMX, MDT, MUSD and RBN in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro.
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).
Circuits of Value (COVAL) is an Ethereum token that powers Emblem, a platform where users can create custom combinations of ETH, ERC-20, and NFT tokens into a single, tradable token called a Vault. COVAL can be used to create Vaults and is issued as a reward to liquidity providers.
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 to pay for staking on Immutable X, vote on the future of the protocol, and pay 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.
mStable USD (MUSD) is a decentralized stablecoin running on Ethereum that attempts to maintain a value of US$1.00. Unlike centralized stablecoins, MUSD isn’t backed by US dollars in a bank account. Instead, it’s backed by an array of other stablecoins deposited as collateral on the mStable protocol.
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.
One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see API3, BLZ, COVAL, GODS, IMX, MDT, MUSD and RBN), as well as a new section of the Coinbase website to answer common questions about crypto.
Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store e Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store API3, BLZ, COVAL, GODS, IMX, MDT, MUSD and RBN today.
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), Circuits of Value (COVAL), Gods Unchained (GODS), Immutable X (IMX)… was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.