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Cardano (ADA) Wants its Place on Coinbase

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Cardano

Cardano (ADA) has stated recently that their goal is to become the next coin to be listed on Coinbase. According to them, the announcement from Coinbase which will confirm this is about to come soon.

As of yet, the crypto exchange has not announced anything regarding the plans of introducing any new coins. Still, this will soon change, according to Cardano, which believes that Coinbase is currently targeting various markets around the globe.

The statement from Coinbase itself says that they intend to support the Ethereum’s technical standard called ERC20. Different ERC20 assets regarding the Coinbase products will be supported by this as well, but the exchange does not plan on supporting any specific features or assets at this time.

Cardano’s potential for entering Coinbase

As many already know, Cardano is made in order to allow its users to make different decentralized apps, as well as to make transactions instantly via P2P networks. Since it is a blockchain with a unique nature, it is favorable for those who wish to create dApps and make transactions nearly instantly, and almost for free, at that.

As a coin, it is backed throughout the Americas, South Asia, Europe, and, of course, in its parent country – Japan.

The best platform for smart contracts in the world

The evolution of smart contracts regarding the blockchain tech is advancing rapidly. For now, the leader in this area is definitely Ethereum. However, ADA is seen as a close second, with EOS coming close to this position as well.

Cardano is written in a very complex programming language which is using equally as complex mathematical logic. It is called Haskell, and its coding allows for some of the best security, as well as the fastest transactions. In some ways, this platform can even beat Ethereum itself, and there are those who believe that this is something that will actually happen in the near future.

Still, even though the platform itself is more than excellent, this is not enough for ADA to add its name to Coinbase’s list just yet. In itself, Cardano is more than just a blockchain. Its coins are stored in a very safe platform called The Daedalus Wallet, which is an additional reason why Coinbase might seriously consider adding this currency. The security, obviously, comes first here.

Cardano’s place allows it to influence strategic customers

There are many things that Cardano has in common with Coinbase, especially when we are talking about their available customers. The recent increase in both, Singapore and Europe really stands out here. The increase in Cardano is growing in Europe particularly, and 8 out of 10 strongest countries have been searching this token on Google actively. Top searches of Coinbase come from at least 5 of the same countries that are so interested in Cardano. Those include Slovenia, Cyprus, Switzerland, Croatia, as well as the Netherlands.

Obviously, Cardano is gaining popularity in Europe, and adding it to Coinbase would be a very good strategy since it would provide a lot of influence in this area. The market is prepared, and the customers are there. All that remains now is for the Coinbase to release the announcement.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Jon Russell via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

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