submitting application to coinbase
coinbase announced yesterday that they are reviewing adding 30 new currencies (see here :
https://news.bitcoin.com/coinbase-opens-the-door-to-more-than-30-new-cryptocurrencies/ ). Among the 30 being considered are "poet" (
https://coinmarketcap.com/currencies/poet/ ) and "bread" (
https://coinmarketcap.com/currencies/bread/ ). those two coins are pretty small - at the time of writing, poet has a price of $.004 and a 24h volume of 390K; bread has a price of $0.19 and a 24h volume of 159K. by contrast, BTX has a price of $0.26 and a 24h volume of 155K. I think this makes us comparable to both of them.
applying to be listed is currently FREE but coinbase says that "Initially there will be no application fee. Depending on the volume of submissions, we reserve the right to impose an application fee in the future" (
https://blog.coinbase.com/new-asset-listing-process-a83ef296a0f3 ). if we want to apply to this we should act quickly. I assume someone from the team would need to do this and that I couldn't just do it myself.
according to their criteria for consideration (
https://listing.coinbase.com/policy#coinbase-mission-values ) there are some in which I think we have a particularly good claim, and others not so much. particularly good claims : "Demonstrable record of responding to and improving the code after a disclosure of vulnerability". we can easily point to our very fast response to CVE-2018-17144 after only a few days of its disclosure, documented here :
https://bitcore.cc/ann-bitcore-new-core-0-15-2-0/ ; "There are examples of real-world implementation" - we have paytomat, kamoney, cryptonaut, luckygames.io, games4.coins, as listed here :
https://bitcore.cc/resources/eco-system-2/ (note we need to remove living room of satoshi from that web page); "The asset is a separate blockchain" ; and "Best efforts by the team to allow a fair distribution of tokens". we emphasize that heavily in sections 2.2.5 and 2.3 (pg. 8-9) of the white paper :
https://bitcore.cc/introduction/white-paper/ . there are other criteria that we match, but those are the ones that immediately struck me as giving us an edge in acceptance. The main criteria that struck me that we are weak in : liquidity. Hopefully that could be significantly improved, however, by addition to coinbase.
the application to be considered can be found here :
https://listing.coinbase.com/more info directly from coinbase :
https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-92ba4ab7f465