Famous Bitcoin exchange Coinbase Pro lists 7 new altcoins. The exchange adds COVAL, IDEX, MCO2, POLS, FOX, SPELL and SUPER to its platform. With the news of the listing, altcoin prices rose sharply.
Coinbase Pro lists 7 new altcoins: Prices skyrocket!
Popular Bitcoin exchange Coinbase Pro lists 7 new altcoins. The stock market made the following statement on the subject:
Starting Monday, December 6, we will begin accepting inbound transfers from COVAL, IDEX, MCO2, POLS, FOX, SPELL, and SUPER to Coinbase Pro. If liquidity conditions are met, trading will begin on or after Tuesday, December 7th. We will post tweets from our Coinbase Pro Twitter account as each orderbook goes through the stages.
With the news of the listing, altcoin prices rose sharply. Circuits of Value (COVAL) rose more than 260 percent. IDEX (IDEX) rose more than 30 percent. Moss Carbon Credit (MCO2) rose more than 98 percent. Polkastarter (POLS) rose more than 15 percent. ShapeShift Fox Token (FOX) is up more than 7 percent. Spell Token (SPELL) is up more than 47 percent. SuperFarm (SUPER) increased by more than 10 percent.
What are COVAL, IDEX and MCO2?
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 in a single tradable token called Vault. COVAL can be used to build Crates and is awarded to liquidity providers as a reward.
IDEX (IDEX) is an Ethereum token that powers the IDEX decentralized exchange that combines an order book and automated market maker (AMM). IDEX holders can stake tokens to help secure the protocol and earn rewards.
Moss Carbon Credit (MCO2) is an Ethereum token for carbon credits. The aim of the project is to combat climate change. Burning an MCO2 token on the Moss Carbon Credit platform is equivalent to offsetting a tonne of CO2 footprint made possible by purchasing and conserving land in the Amazon rainforest.
What are POLS, FOX, SPELL and SUPER?
Polkastarter (POLS) is the token that powers Polkastarter, the cross-blockchain fundraising platform based on Polkadot. POLS can be used to pay for transactions on the platform and can also be used to vote and suggest upgrades.
ShapeShift Fox Token (FOX) is an Ethereum token that manages ShapeShift, a decentralized exchange. By joining the ShapeShift DAO (decentralized autonomous organization), FOX holders can vote on future asset integrations, products, and fee structures for the platform.
Spell Token (SPELL) is a token that manages Abracadabra.money, a platform that allows users to deposit collateral in the form of interest-bearing crypto assets (like yvYFI, yvUSDT, yvUSDC, xSUSHI). It tries to maintain its value of $1.00. SPELL can be staked to earn SPELL, which grants management rights and other rewards.
SuperFarm (SUPER) is an Ethereum token that powers SuperFarm, a marketplace and platform for issuing NFTs. In SuperFarm users can bet on SUPER to earn points that can be used for NFTs. SUPER can also be used to vote on the future direction of SuperFarm.