In a strategic move, leading cryptocurrency exchange Coinbase has added the governance token of Seamless Protocol, SEAM, to its roster. This development signals a pivotal moment for Coinbase as it diversifies its offerings by incorporating a Base-based token, showcasing a noteworthy evolution in the platform’s strategy.
Seamless Integration into Coinbase’s Day-One Listings
Known for its discerning day-one listings, Coinbase has welcomed SEAM into its exclusive array of digital assets, sharing the spotlight with recent additions like the gaming token Big Time and Jito’s JTO token. This meticulous listing approach underscores Coinbase’s commitment to providing its user base with access to innovative and promising digital assets from their inception.
Seamless Protocol operates as a decentralized lending and borrowing platform, initially launching as a fork on Aave v3, an Ethereum-based protocol. Notably, it is constructed on Base, an Ethereum Layer 2 network nurtured by Coinbase. The project’s distinctive feature lies in its avoidance of equity sales or SEAM token fundraising, emphasizing a dedication to a fair launch methodology.
SEAM Airdrop: A Community-Centric Initiative
Synchronizing with the token’s listing, the SEAM airdrop has commenced. With a total supply capped at 100 million tokens, a significant 69% has been allocated to the community, exemplifying the Protocol’s commitment to a community-focused ethos. However, eligibility for the airdrop is restricted to early supporters who actively engaged in diverse community activities and quests.
Coinbase’s inclusion of SEAM transcends a mere token listing; it signifies a broader shift in the platform’s stance towards decentralized finance (DeFi). As a native Base-based project, SEAM’s integration underscores the increasing influence of DeFi platforms and their associated tokens within the broader cryptocurrency market. This move by Coinbase reaffirms its dedication to staying at the forefront of industry trends and offering its users access to the latest and most promising developments in the decentralized financial landscape.
