[Coinbase] Inverse Finance (INV), Liquity (LQTY), Polyswarm (NCT) and Propy (PRO) are launching on Coinbase…
Inverse Finance (INV), Liquity (LQTY), Polyswarm (NCT) and Propy (PRO) are launching on Coinbase Pro
Starting Today, Wednesday January 12, transfer INV, LQTY, NCT AND PRO into your Coinbase Pro account ahead of trading. Support for INV, LQTY, NCT AND PRO 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 January 13, if liquidity conditions are met.
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 Goldfinch Protocol (GFI), DESO, API3 (API3), Bluezelle (BLZ), Gods Unchained (GODS), Immutable X (IMX), Measurable Data Token (MDT), Ribbon Finance (RBN), Circuits of Value (COVAL), IDEX (IDEX), Moss Carbon Credit (MCO2), Polkastarter (POLS), ShapeShift FOX Token (FOX), Spell Token (SPELL) and SuperFarm (SUPER).
Once sufficient supply of INV, LQTY, NCT AND PRO is established on the platform, trading on our INV-USD, INV-USDT, INV-EUR, LQTY-USD, LQTY-USDT, LQTY-EUR, NCT-USD, NCT-USDT, NCT-EUR, PRO-USD, PRO-USDT AND PRO-EUR 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 Exchange Twitter account as each order book moves through the phases.
Inverse Finance (INV) is an Ethereum token that powers Inverse Finance, a decentralized platform for lending, borrowing, and creating synthetic assets. INV is used to govern Inverse Finance products and can be used to vote for future upgrades.
Liquity (LQTY) is an Ethereum token that powers the Liquity protocol, a decentralized borrowing platform for 0% interest loans using ETH as collateral. Loans are paid out in a stablecoin called LUSD, and LQTY holders can stake their token to earn a portion of fees generated by opening and closing loans.
PolySwarm (NCT) is an Ethereum token that powers PolySwarm, a community and network for detecting malware. NCT rewards are distributed to users who provide relevant cybersecurity data while NCT is used to access insights provided by the network.
Propy (PRO) is an Ethereum token that powers Propy, a platform for international real estate transactions. The PRO token is used to pay for platform fees such as for modifying and creating title and deed contracts.
INV, LQTY, NCT AND PRO 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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Inverse Finance (INV), Liquity (LQTY), Polyswarm (NCT) and Propy (PRO) are launching on Coinbase… was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.