Inventory of Coinbase's pre-listed assets caused controversy. What are the previous "return to zero coins"?

Up to now, there are a total of 170 tokens that can be traded on Coinbase. Compared with other mainstream exchanges, this number is relatively small. However, the reduction in quantity has not resulted in an increase in quality. Coinbase’s list omits many tokens with a market capitalization of the top 50, such as: BNB, LUNA, XRP, NEAR, FTT, XMR, etc.; however, there are many tokens with a market capitalization other than 500, such as: SHPING, SUKU, GODS, GYEN, PLU wait.

Coinbase used to be known for its strict listing, so the projects that often go online will trigger the Coinbase effect. However, since its listing, Coinbase has begun to list a large number of assets, but the types of assets selected are rather strange, causing public opinion controversy. The behavior of the rat warehouse is also more serious than that of Binance.

According to the latest roadmap, Coinbase will list a large number of tokens in the second quarter of this year, 50 of which are clearly listed. The scale of the release this time is relatively large, but the quality is as always "different", which has caused ridicule from overseas public opinion. This article makes an inventory of these new tokens.

In the table, the first 45 belong to the Ethereum ecology, and the last 5 belong to the Solana ecology. Among them, there are only 5 with a market value of more than 100 million US dollars: BUSD, BIT, C98, GUSD, and STRK, and as many as 15 with a market value of less than 10 million US dollars. Not only that, Coinbase will also list 10 tokens issued before 2020, of which, except for BUSD, the rest have already faded out of our sight.

The following is a brief introduction to some relatively niche Tokens, sorted by market value.

ELA (Elastos), dedicated to the construction of cloud ecological infrastructure, saw its price drop by 98% in 2018 and has never risen since then.

MATH (Math), in the field of wallets, once raised 20 million US dollars. The price reached its peak in March last year, and now it has fallen by 90%.

PRQ (PARSIQ), dedicated to building a Web3 data platform to monitor specific on-chain activities, received a $3 million investment led by Solana. Prices peaked last April and are now down 88%.

ALEPH (ALEPH), in the field of storage, once raised USD 10 million, with investors including Stratos Technologies, Zee Prime Capital, NOIA Capital, etc.

NEST (NEST), the field of oracle machines, will see a 90% price drop in 2020.

KEY (SelfKey), launched in January 2018, is the pinnacle of debut.

DREP (DREP), dedicated to building “connectors” and “toolkits” based on blockchain technology, has dropped 88% in price.

LOC (lockchain), the track is not clear, and the development path is more similar to the industrial blockchain. It has raised $4.1 million from unknown investors. As an old project released in 2017, it reached a new high last year and performed well.

HOPR (HOPR), dedicated to the construction of privacy and security infrastructure, has received $1 million in financing led by Binance and AU21. The price reached its peak in March last year, and then fell into a slump after experiencing 519.

STC (student coin) is committed to building a platform. The currency price fell to the bottom in July last year and has never rebounded since then.

SWFTC (SWFTC), a cross-chain bridge project, is a very cutting-edge track in this field in 2018. Prices "reset to zero" in August 2018.

ABT (Arcblock), is committed to building an interoperable infrastructure between protocols, and the development team is all Chinese. Prices fell 95% in 2018 and haven't recovered since, and this bull market has been virtually flat.

TONE (te-food), the track is not clear, similar to the industrial blockchain.

JUP (Jupiter) is the earliest new token issued this time, and its price has not fluctuated much since it "returned to zero" in 2019.

PMON (Polychain Monsters), broke immediately when it went online, and there was no improvement in GameFi Summer.

Projects with a market capitalization of less than $10 million are mostly not worth mentioning. Among them, WAMPL is the packaged version of Ampleforth, and its actual market value is nearly 90 million US dollars, which is out of the scope of discussion. Among the remaining 14 tokens, only 3 projects that received investment from well-known VCs deserve attention. All three belong to the DeFi track, and the issuance time is less than a year, and there may still be potential.

MARSH (Unmarshal), which received $2.6 million in financing led by NGC, is committed to building a multi-chain data analysis platform. After the currency price was 519, it fell into a slump.

DFX (DFX Finance), which received $5 million in financing led by FBG, Polychain and CMS, is committed to building a stable currency foreign exchange trading platform. The currency has fallen 88 percent since its peak in November last year.

APT (Apricot), a farm-like DeFi deployed on Solana, received $4.8 million in financing led by NGC, DFG, and CMS. The price of the currency has fallen all the way since its release in November last year, and it has fallen by 90% so far.

What's more embarrassing is that the mouse warehouse was also discovered. Well-known KOL Cobie said on Twitter that he found an address that purchased hundreds of thousands of dollars of tokens that were only potentially listed on the Coinbase asset list about 24 hours ago. Found through the Ethereum block explorer,

The address of 0x1C84a6d53F8950cd06a4016E5f547a089Dd7B6Fb bought 113,761.34DFX, 3,174,237.6RADAR, 13,377.98RAC, 45,83 4.84NDX and 783,309.79KROM.

Coinbase’s explanation for this is:

Our goal is to list all possible compliant assets. In our ideal world, Coinbase would simply list every asset that meets the necessary legal and cybersecurity standards, while providing our customers with as much information as possible to make informed investment decisions. Listing on our exchange is not considered an endorsement, it simply indicates that the asset meets our listing criteria. These criteria do not take into account a project's market capitalization or popularity. If a popular property is not yet listed, it may be because the property does not meet our minimum listing criteria for legal, compliance and technical security, we do not have sufficient property information, or technical integration work is required.