Coinbase Unveils SEAM Token Listing And Airdrop
Coinbase, a prominent participant in the crypto exchange sector, has taken a noteworthy step by including SEAM, the governance token of Seamless Protocol, in its listings. This decision marks a new chapter in the exchange’s offerings, especially as SEAM is a Base-based token, a notable pivot in Coinbase’s strategy.
Seamless Integration with Coinbase’s Day-One Listings
Coinbase has a reputation for its selective day-one listings, where tokens become available on the platform on the same day as their generation event. Consequently, SEAM has joined this exclusive club alongside recent additions like the gaming token Big Time and Jito’s JTO token. This listing strategy emphasizes Coinbase’s commitment to offering its users fresh and promising digital assets.
Seamless Protocol operates as a decentralized lending and borrowing platform. Launched as a fork on Aave v3, an Ethereum-based protocol, it is built on Base, an Ethereum Layer 2 network incubated by Coinbase. In addition, the project stands out for not raising funds through equity sales or the SEAM token, highlighting its commitment to a fair launch approach.
SEAM Airdrop: A Community-Centric Approach
The SEAM airdrop commences in tandem with the token’s listing. The token’s total supply is capped at 100 million, with a significant 69% allocated to the community. This distribution strategy reinforces the Protocol’s community-focused ethos. However, eligible users for the airdrop are early supporters who participated in various community activities and quests.
Coinbase’s addition of SEAM is more than just a new token listing since it represents a broader shift in the platform’s approach to decentralized finance (DeFi). Moreover, as a native Base-based project, SEAM’s inclusion is a testament to the growing influence of DeFi platforms and their tokens in the broader crypto market.
Read Also: US Senator Elizabeth Warren Targets Crypto in New Regulatory Bill
- ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana
- Trump Says Meeting with China May Not Happen, Bitcoin Drops
- The Great Rotation? Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013
- Crypto Czar David Sacks to Meet Senate Republicans In Bid To Advance Market Structure Bill
- Waller Floats ‘Payment Account’ Framework to Provide Crypto Firms Access To Fed’s Payment Rails
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
