Key Points:
- Coinbase has listed Seamless Protocol’s governance token, SEAM, which started trading on Monday at 18:00 UTC.
- SEAM’s day-one listing follows the trend set by recent tokens like Big Time and Jito’s JTO, both of which saw significant price surges.
- The first native Base-based token SEAM was distributed through an airdrop to platform contributors without any public or private sale.
In a groundbreaking move, Coinbase has listed SEAM, the governance token of Seamless Protocol, a prominent lending and borrowing platform on the Base ecosystem.
Coinbase Welcomes The First Native Base-based Token SEAM
This milestone marks SEAM as the first Base token to be listed on Coinbase, joining the ranks of recent day-one listings like Jito’s JTO token. The listing occurred simultaneously with SEAM’s token generation event.
The native Base-based token SEAM tokens, issued as part of an airdrop, commenced trading on Coinbase under the ticker SEAM at 18:00 UTC on Monday.
Seamless Protocol, operating on the Layer 2 blockchain, boasts a substantial Total Value Locked (TVL) exceeding $7.5 million. The lending and borrowing protocol, launched in September as a fork on Aave v3, is a collaborative effort among contributors from leading Web3 entities such as Coinbase, Uniswap, CertiK, and Seashell.
SEAM Airdrop Sparks Market Interest
SEAM tokens were airdropped to users based on their engagement with the Seamless platform, reflecting contributions like funds supplied to and borrowed from various trading pools. Notably, there were no public or private sales of the native Base-based token SEAM tokens.
Seamless Protocol’s unique features include its inception on the Coinbase-incubated Ethereum Layer 2 network Base. The project was founded by experts from diverse backgrounds, including Aave, Uniswap, Maple Finance, and CertiK.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Visited 34 times, 6 visit(s) today
624
Source: https://coincu.com/235892-the-first-native-base-based-token-seam/