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Let's note up front that Coinbase also did not engage with the particular assets in question, instead making a blanket statement that absolutely no securities a
by SpicyLemonZest 4y ago
Let's note up front that Coinbase also did not engage with the particular assets in question, instead making a blanket statement that absolutely no securities are on Coinbase (but also that nobody knows how to define a digital security in the first place?). A cynical person like myself would see this as evidence that Coinbase knows there's no story to tell about how the world is better off for having these coins listed. But going to the tweet that started this all (https://twitter.com/cobie/status/1513874972552355846 https://twitter.com/cobie/status/1513874972552355846) and spot checking the first three coins:
* Indexed says that you'll "gain exposure to passively-managed crypto index portfolios represented by a single token" and references their $2.25m assets under management.
* Kromatika says that they'll be selling some reserved KROM tokens on an ongoing basis in order to fund their project.
* DappRadar says that, by buying their RADAR token, you will help scale their "Dapp store".
The second and third are perhaps arguable, although I struggle to believe that anyone would buy their tokens except as an investment in the future of their platforms. The first is the most obvious security imaginable. This kind of thing is why I don't usually engage with the details of specific coins; at least when we're talking about exchange-listed coins, they all end up being like this.