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Coinbase ERC20 tokens compared.

BY: @crits | CREATED: March 27, 2018, 4:08 p.m. | VOTES: 36 | PAYOUT: $0.61 | [ VOTE ]

https://i.imgur.com/vp9RQhd.png

Coinbase has said in their blog that they are "Adding ERC20 Support to Coinbase".

Lets take a read over the GDAX process for adding new digital assets:

"An internal asset selection committee uses our Digital Asset Framework to make an initial recommendation of which new asset to add to GDAX. As part of this process, the committee will conduct a legal and risk assessment of the proposed asset."

The Digital Asset Framework PDF is here (https://www.gdax.com/static/digital-asset-framework-2017-11.pdf)
https://i.imgur.com/MZpTPLo.png

Basically the PDF states:
1. Alot of the tokens can't be in the hands of a single person or company.
2. It has to be an open source product and a working product in beta at least.
3. The team has to be good. Not just one dude with a faux hawk and pearly whites.
4. The token needs a way to raise development funds besides the ico phase. Has to have a clear use for decentrailized network.
5. Does the product have a practical application in the real world. DentistCoin need not apply.
6. IT CANT BE A SECURITY under SEC Law. IT MUST COMPLY with AML laws. For this reason I will assume no privacy coins.
7. It cannot be an illegal business model. HeroinCoin... bruh...
8. It has to have good liquidity across many exchanges with fiat and crypto pairs.
9. Has to be worldwide not just a specific region.
10. Not created from a fork (basically). With a dedicated community of users and developers and with official forums.

So there are WAY more ERC20 tokens that have no chance at all of getting on Coinbase than do. Mostly due to numbers 1,3 and 6

Here are the ones I think have a good to great chance and tick all the boxes (sorted by largest Marketcap first)

Status - SNT
Basic Attention Token - BAT
Golem - GNT
Bancor - BNT
StorJ - STORJ
Civic - CVC

Those are all I think really have a good chance of being traded on GDAX/Coinbase. Now if Coinbase implements a standard way of storing any ERC20 token then any token could be added but this list is what could be traded and bought on coinbase. Big Difference.

NOTE: I would put OmiseGO - OMG in there also but it may fall under the security laws and not be able to be listed on Coinbase. But who knows.
https://media.giphy.com/media/11caUX0P0nYZ32/giphy.gif

Follow me! Lets get down with crypto!

Disclaimer: This is not financial advice. This is just my opinion.

TAGS: [ #ethereum ] [ #coinbase ] [ #cryptocurrency ] [ #erc20 ] [ #money ]

Replies

@tokoya | March 27, 2018, 4:11 p.m. | Votes: 0 | [ VOTE ]

Check this game out, look close with an open mind with what this new concept is doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income. The game is on it's way to passing the crypto kitties game on the Dapp Radar. The smart contract is coded to tax 10% of the ETH. when users purchase the (P)roof (O)f (W)eak (H)ands tokens and divides the ETH. tax to people who are already holding and also 10% of when users sell “20% total”. The name of the game is to hold as long as you can while you get earnings from the constantly taxed “Strong hand” buys and the taxed “weak hand” sells. If you don’t want to play anymore, you can pull out all your earnings all at once but with a 10% tax fee that gets divided to the stronger hands. This is what the ERC-20 smart contract is programed to do. Doesn’t hurt to look at the contracts open source code at least, don’t let the opportunity pass you by.
https://powh.io/?masternode=0x32c37e7ca38be1f85cd9e85c81ac9b6730f43e3e
https://powh.io/img/portfolio/gif3.gif

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@ionutciobanu | April 3, 2018, 2:35 p.m. | Votes: 1 | [ VOTE ]

good post

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