Coinbase, the largest U.S. cryptocurrency exchange, is set to launch a native token on its Ethereum-based blockchain, Base. Jesse Pollak, a senior executive at Coinbase, confirmed the plan in a public post, though details on the launch date and distribution remain undisclosed. The announcement has ignited speculation about a potential airdrop among crypto enthusiasts.
Analyst AJC from Messari highlighted that the airdrop could align user incentives with shareholder value, potentially setting a new trend in the crypto space. Base, recognized for its security and user-friendly design, has already become a leading blockchain by user deposits and transaction volume, earning praise from Ethereum co-founder Vitalik Buterin.
Coinbase Plans Native Token Launch on Base Blockchain, Fuels Airdrop Buzz
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