Golden State Warriors replace FTX with Coinbase as new crypto partner

bias

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Quote from: bbc.reporter on November 20, 2024, 08:50:23 PM

On Bakkt, is this where Elon moved Tesla's bitcoin? Did he loan them to the market makers on Bakkt? The next 4 years will also be exciting. It appears the Donald is preparing for the American government's bitcoin treasury hehehehe.

We should not forget that some countries need to unload some of their "seized" BTC. That's a very large number. Maybe they plan to loan them as well to others or play a bit with the market? BTC it's the precious "One Ring". It looks like that will make them all search for ways to use its power and at the same time not give it elsewhere. Hodl or sell Mr. President? Cheesy

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Quote from: Rikafip on November 20, 2024, 05:50:58 AM

Quote from: bbc.reporter on November 19, 2024, 09:09:45 PM

It appears that if the Democrats have Sam Bankrupt Fraud, the Republicans have Brian Armstrong ehehe. We cannot be certain if Coinbase will be the Binance killer, however, Coinbase will certainly become more powerful in America with Trump's support.

I don't really know much but US crypto market, but wasn't Coinbase always nr 1 there, even before all that drama with CZ?

Speaking about Trump, I read few days ago that he is allegedly looking into taking over Bakkt. Next 4 years gonna be very interesting. Wink

You are correct, thank you. Coinbase became the best exchange in America after the crackdown on Bittrex and Poloniex. Binance became the rest of the world's no.1 exchange. However, I change the question. Similar to FTX being the implied Binance killer during the last bull market, will Coinbase finish what FTX has begun?

On Bakkt, is this where Elon moved Tesla's bitcoin? Did he loan them to the market makers on Bakkt? The next 4 years will also be exciting. It appears the Donald is preparing for the American government's bitcoin treasury hehehehe.

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Quote from: bbc.reporter on November 19, 2024, 09:09:45 PM

It appears that if the Democrats have Sam Bankrupt Fraud, the Republicans have Brian Armstrong ehehe. We cannot be certain if Coinbase will be the Binance killer, however, Coinbase will certainly become more powerful in America with Trump's support.

I don't really know much but US crypto market, but wasn't Coinbase always nr 1 there, even before all that drama with CZ?

Speaking about Trump, I read few days ago that he is allegedly looking into taking over Bakkt. Next 4 years gonna be very interesting. Wink

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It appears that if the Democrats have Sam Bankrupt Fraud, the Republicans have Brian Armstrong ehehe. We cannot be certain if Coinbase will be the Binance killer, however, Coinbase will certainly become more powerful in America with Trump's support.

On trading, what do we buy and what tokens will be bullish because of this? Coinbase has a venture capital business Coinbase Ventures. Will the projects where Coinbase Ventures invested pump higher because they might be given regulatory favors in America?

President-elect Donald Trump is scheduled for a private meeting with Coinbase CEO Brian Armstrong, according to sources familiar with the matter.

The meeting is expected to focus on crypto-related regulatory appointments in Trump’s second term, a crucial issue for an industry eager for clearer guidelines.

Read in full https://www.ccn.com/news/crypto/donald-trump-coinbase-ceo-meet-crypto-and-second-term-plans/

bias

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Quote from: bbc.reporter on November 17, 2024, 10:12:28 PM

Was Brian Armstrong one of the supporters of the Donald Trump in his presidential campaign. This only implies that Coinbase will become bigger and it might be the real Binance killer hehehe.

I don't know how a president can make a company bigger. In terms of taxation and favorable legislations, that can benefit not only Coinbase but the whole crypto industry. Unless both Trump and B. Armstrong make some kind of agreement regarding foreign-based exchangers...

Quote from: bbc.reporter on November 17, 2024, 10:12:28 PM

On why the Golden State Warriors did not announce a new partner immediately, this might also be because the Golden State Warriors did not find a bidder that can pay the price.

I can hardly believe that one of the most successful franchises in the NBA, facing difficulties in finding a "right' sponsor. IMHO they focused on getting a crypto-related company to be on their jersey. Probably, because they see their numbers rising with FTX, even if the sponsor collapses. That wasn't in the program. Roll Eyes

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Quote from: Rikafip on November 13, 2024, 11:58:01 AM

Quote from: NotATether on November 13, 2024, 05:15:12 AM

FTX collapsed two years ago. Why didn't they just tear up the agreement with FTX and announce a new sponsor right then and there?

I guess they were more careful this time when choosing a new crypto partner, as they were sued by several parties for their involvement with FTX.

Hopefully they have more luck this time. Tongue

Was Brian Armstrong one of the supporters of the Donald Trump in his presidential campaign. This only implies that Coinbase will become bigger and it might be the real Binance killer hehehe.

On why the Golden State Warriors did not announce a new partner immediately, this might also be because the Golden State Warriors did not find a bidder that can pay the price.

bias

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Quote from: NotATether on November 13, 2024, 05:15:12 AM

FTX collapsed two years ago. Why didn't they just tear up the agreement with FTX and announce a new sponsor right then and there?

The whole procedure with FTX case was a nightmare for all the parties involved. If you were connected as a company in any way with FTX logo, you had to clarify and check thoroughly any kind of deal that you had with them. Especially if this deal involves incoming money (for the company) and not invested money (from the company).

Quote from: Rikafip on November 13, 2024, 11:58:01 AM

I guess they were more careful this time when choosing a new crypto partner, as they were sued by several parties for their involvement with FTX.

Hopefully they have more luck this time. Tongue

That's true. A question though arises from this. Since their 1st crypto sponsorship attempt (FTX was the first, right?) failed badly and put them in such a mess, why did they choose a crypto partner again? Don't tell me that all of those years GSW didn't have any other company for sponsorship and waited for crypto companies to get a good deal...

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Quote from: NotATether on November 13, 2024, 05:15:12 AM

FTX collapsed two years ago. Why didn't they just tear up the agreement with FTX and announce a new sponsor right then and there?

I guess they were more careful this time when choosing a new crypto partner, as they were sued by several parties for their involvement with FTX.

Hopefully they have more luck this time. Tongue

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FTX collapsed two years ago. Why didn't they just tear up the agreement with FTX and announce a new sponsor right then and there?

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Quote from: bias on November 10, 2024, 02:34:46 PM

In the end, devs and issuers have two options. Either they make their project very famous or they pay. Thanks for posting it!

This is certainly why the development teams that should be taken much more serious are those that have created their product and they have developed this much more finely first before they are issuing a token. This is a very good indicator that the project's developers are longterm developers. There are 2 very profitable projects that are very famous that have not yet issued a token, Polymarket and pump.fun. If they begin to issue their tokens, I will be a very longterm investor on them heheheh.

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Quote from: bbc.reporter on November 09, 2024, 11:38:56 PM

Added together, getting listed on Binance could cost 16% of your token supply and a $5 million purchase of BNB. If Binance isn’t the primary exchange, a project will still face spending of almost $2 million worth of tokens or stablecoins.[/i]

That's massive, I've always believed what they say about that if a project is popular and known, they will charge them for free. But I've forgotten that they're a business and let's say few to none become listed on them and just take the normal route of being listed. 16% of the total supply is a lot. But I can't blame them because even themselves have a loyal community that's also growing.

Quote from: bias on November 10, 2024, 02:34:46 PM

As I see it, any big exchanger can list any coin without any fees, if they see that its demand is high. Thus bigger crowd (community), more trading fees for them and etc benefits. The thing though is that they use this as an excuse in order to say that they don't charge anything. Nice marketing trick...

This is true, that's what I have believed for so long but then that's also the reason why many aims to gets listed on them because of the community that they have.

Quote from: bias on November 10, 2024, 02:34:46 PM

In the end, devs and issuers have two options. Either they make their project very famous or they pay. Thanks for posting it!

And making their project famous will also take a lot of money through marketing so, they choose which route is better for them. A long or a shortcut road.

bias

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Quote from: bbc.reporter on November 09, 2024, 11:38:56 PM

@bias. Everyone should read this. In any case, the article also mentioned that Binance and the other big exchanges will also list a project's token without an application from the project's founders and without asking for a listing fee if a project has created a community that is loyal and growing. I reckon this might be something similar to the Link marines or XRP army during 2015 and 2019 heheheheh.

As I see it, any big exchanger can list any coin without any fees, if they see that its demand is high. Thus bigger crowd (community), more trading fees for them and etc benefits. The thing though is that they use this as an excuse in order to say that they don't charge anything. Nice marketing trick...
In the end, devs and issuers have two options. Either they make their project very famous or they pay. Thanks for posting it!

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@bias. Everyone should read this. In any case, the article also mentioned that Binance and the other big exchanges will also list a project's token without an application from the project's founders and without asking for a listing fee if a project has created a community that is loyal and growing. I reckon this might be something similar to the Link marines or XRP army during 2015 and 2019 heheheheh.

I want to talk briefly about the cost of listing on a CEX. The biggest issue with the current crop of token launches is that the price is too high. Therefore, it is almost impossible to have a good launch regardless of the CEX that wins the primary listing. If that weren’t bad enough, projects with too high of an initial price are paying an egregious amount of money in the form of project tokens and stablecoins for the privilege of listing a turd.

At the top end, Binance charges up to 8% of the total token supply as a listing fee. Most other CEXs charge between $250,000 and $500,000, paid in stablecoins.

Binance devised a genius strategy for requiring projects to purchase BNB and stake it as a deposit. When / if the project delists, the BNB is returned. Binance requires up to $5,000,000 worth of BNB to be purchased and staked as a deposit. Most other CEXs require a deposit of $250,000 to $500,000 in stables or that CEX’s token.

Binance at the top end requires the projects to give away 8% of their token supply to Binance users via on-platform airdrops and other campaigns. The medium-expensive CEXs require a spending of up to 3% of the token supply. At the bottom end, CEXs require a marketing spend of $250,000 to $1 million paid in stables or project tokens.

Added together, getting listed on Binance could cost 16% of your token supply and a $5 million purchase of BNB. If Binance isn’t the primary exchange, a project will still face spending of almost $2 million worth of tokens or stablecoins.

Read in full https://cryptohayes.substack.com/p/pvp

bias

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Quote from: bbc.reporter on November 09, 2024, 12:45:51 AM

@bias. This is not an attack on Binance, I am only saying what is the reality behind centralized exchanges. I reckon Arthur Hayes wrote a very long article on this and the most expensive listing fees in the cryptospace are charged by the biggest exchanges. Also, some of the demands of these big exchanges similar to Binance is to include a certain percentage of the token supply of the project as payment heheheh.

Who said about attacking Binance? You are totally right and we are on the same page here.

All "Tier 1" exchanges, like Coinbase, charge either directly in terms of deposit/ payment ( I guess the currency isn't a problem) or through some percentage from the token supply of the project that wants to be listed on them. It would be absurd for them not to charge the issuers, one way or another. Such as it would be absurd for the exchanger to keep tokens and coins that don't have big/ good (?) trading volume, thus no profits for them. Let's see what Coinbase will say about these posts... (making some popcorn to watch this fight...)

Quote from: bbc.reporter on November 09, 2024, 12:45:51 AM

I will find this article and share in this thread.

Please do, it will be great and enlightening. Cool

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@bias. This is not an attack on Binance, I am only saying what is the reality behind centralized exchanges. I reckon Arthur Hayes wrote a very long article on this and the most expensive listing fees in the cryptospace are charged by the biggest exchanges. Also, some of the demands of these big exchanges similar to Binance is to include a certain percentage of the token supply of the project as payment heheheh. I will find this article and share in this thread.

bias

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Quote from: bbc.reporter on November 08, 2024, 12:42:32 AM

If you are running a business, certainly yes, your revenues should be more than your costs or your business will be bankrupt heheeh. But this is not the argument. The argument is Coinbase and their lie that they are not imposing listing fees. However, Binance and other centralized exchanges impose listing fees also. It might only be the people that have spoken against Coinbase might not have been imposed a listing fee by Binance heheheh.

That's most likely true but at least Binance and other exchangers didn't say that they don't charge anything to any coin/ token/ meme issuer that wants to get listed in their exchange. Now why they remember at this point and moment to reveal that Coinbase charges listing fees (in one way or another), it's strange. I guess we will know something more about this rivalry soon enough. Grin

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Quote from: bias on November 05, 2024, 10:54:51 AM

Quote from: bbc.reporter on November 04, 2024, 08:46:05 PM

Quote from: bullrun2024bro on November 04, 2024, 10:06:24 AM

Quote from: Rikafip on November 03, 2024, 11:41:18 AM

Do you know how much Coinbase charges for listing? I am asking because they categorically claim that they don't charge absolutely anything.

Coinbase says it $0, but Justin Sun (Tron founder) just posted this a few hours ago on Twitter. Sun claims that they paid 500 million TRX worth about $80m and Coinbase demanded an additional $250 million BTC deposit.

According to the Andre Cronje, who is the father of DeFi, founder of Yearn Finance and also the founder of Fantom, Coinbase has also asked them for a listing fee of different quotations, however, Coinbase settled with the amount of $60 million hehehehe. He also mentioned that Binance did not ask then for listing fee.

Quote from: https://www.coinbase.com/blog/listing-assets-on-coinbase-is-free-and-always-has-been

Some have speculated otherwise, but it is simply not true.

So, the "speculators" seem right about their "speculation" that indeed Coinbase charges for listing or other kinds of services. Grin

Even if they say for so long otherwise.
Now, can you please tell me who is the liar and who isn't? By the way, if Coinbase charges $80mil (!) for listing a coin, then making a $192mil four-year deal with a top NBA organization like GSW, it's simply a no-cost advertisement to them. Not to mention what Coinbase will gain from it... Roll Eyes

If you are running a business, certainly yes, your revenues should be more than your costs or your business will be bankrupt heheeh. But this is not the argument. The argument is Coinbase and their lie that they are not imposing listing fees. However, Binance and other centralized exchanges impose listing fees also. It might only be the people that have spoken against Coinbase might not have been imposed a listing fee by Binance heheheh.

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Quote from: bias on November 05, 2024, 10:54:51 AM

Now, can you please tell me who is the liar and who isn't?

I would say that all involved parties are liars (especially Justin) its just about who is lying about what. And in this case, Coinbase is probably lying about not charging anything, while in fact they allegedly charge ridicolously high fee.

To be honest, if someone is willing to give $60/$80 million to get their shitcoin listed, it would be stupid not to try to take it. Wink

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Quote from: bbc.reporter on November 04, 2024, 08:46:05 PM

Quote from: bullrun2024bro on November 04, 2024, 10:06:24 AM

Quote from: Rikafip on November 03, 2024, 11:41:18 AM

Do you know how much Coinbase charges for listing? I am asking because they categorically claim that they don't charge absolutely anything.

Coinbase says it $0, but Justin Sun (Tron founder) just posted this a few hours ago on Twitter. Sun claims that they paid 500 million TRX worth about $80m and Coinbase demanded an additional $250 million BTC deposit.

According to the Andre Cronje, who is the father of DeFi, founder of Yearn Finance and also the founder of Fantom, Coinbase has also asked them for a listing fee of different quotations, however, Coinbase settled with the amount of $60 million hehehehe. He also mentioned that Binance did not ask then for listing fee.

Quote from: https://www.coinbase.com/blog/listing-assets-on-coinbase-is-free-and-always-has-been

Some have speculated otherwise, but it is simply not true.

So, the "speculators" seem right about their "speculation" that indeed Coinbase charges for listing or other kinds of services. Grin

Even if they say for so long otherwise.
Now, can you please tell me who is the liar and who isn't? By the way, if Coinbase charges $80mil (!) for listing a coin, then making a $192mil four-year deal with a top NBA organization like GSW, it's simply a no-cost advertisement to them. Not to mention what Coinbase will gain from it... Roll Eyes

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Quote from: bullrun2024bro on November 04, 2024, 10:06:24 AM

Quote from: Rikafip on November 03, 2024, 11:41:18 AM

Do you know how much Coinbase charges for listing? I am asking because they categorically claim that they don't charge absolutely anything.

Coinbase says it $0, but Justin Sun (Tron founder) just posted this a few hours ago on Twitter. Sun claims that they paid 500 million TRX worth about $80m and Coinbase demanded an additional $250 million BTC deposit.

Source: https://x.com/justinsuntron/status/1853317167946842175

The post blew up quite a low already. CZ Binance also commented:

Source: https://x.com/justinsuntron/status/1853317167946842175

Quite interested to see what Brian Armstrong will respond on Suns post, imho.

According to the Andre Cronje, who is the father of DeFi, founder of Yearn Finance and also the founder of Fantom, Coinbase has also asked them for a listing fee of different quotations, however, Coinbase settled with the amount of $60 million hehehehe. He also mentioned that Binance did not ask then for listing fee.

Quote from: bullrun2024bro on November 04, 2024, 07:30:44 AM

Quote from: bbc.reporter on November 03, 2024, 11:00:29 PM

If you want to know how much Coinbase has spent, you should research how much Sam and FTX has spent on their sponsorship deal with the Miami Heat. We should also compare the size of the teams and the revenues on the Golden State Warriors and the Miami Heat and create assumptions which has the bigger sponsorship deal based on size of revenues hehehe.

I speculate that the bigger deal is Coinbase's sponsoship on the Warriors. They are in San Francisco near the wealthy technology companies and their stadium might be much more expensive because of the location.

Are this the correct figures of the old FTX x Miami Heat deal?

Source: https://www.nba.com/news/miami-heat-home-arena-gets-temporary-name-after-ftx-collapse

So $135 million for 19 years, which is about $7m per year. Nothing too crazy imho, or am I missing something?

So maybe $10m per year sounds reasonable?

Yes, this is very reasonable and it might be cheap, I reckon. Another method to create an estimation is to know how much are the real estate prices on the area around the stadium. Also, the ticket prices might be another. According to google, the Golden State Warriors' cheapest tickets are $40. Miami Heat's cheapest tickets are only $15.

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Quote from: Rikafip on November 04, 2024, 10:14:30 AM

I wouldn't be surprised at all if Coinbase actually has some hidden fees like demanding tokens/coins for promotion (some thing that probably all exchanges are doing), but kudos for them if they actually managed to take so much money from Justin for getting TRX listed.

Haha, that's what I thought.

One of the few obvious bad actors left in the space, that didn't get arrested yet. However, that's just a matter of time imho.

Nevertheless, lets wait and see if these allegations are actually true. Pretty sure Armstrong will be responding to this. But, it wouldn't be the first time that Sun has made a story bigger than it really is. This guy is a larp.

Quote from: cabron on November 04, 2024, 10:38:37 AM

You don't want him exposing Coinbase being insolvent like CZ did to FTX.

Unlikely that he will get so much insider information (if it ever happens that Coinbase becomes insolvent, which is also quite unlikely).

As I said before, Sun is a larp and loves attention.

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Quote from: bullrun2024bro on November 04, 2024, 10:06:24 AM

Quote from: Rikafip on November 03, 2024, 11:41:18 AM

Do you know how much Coinbase charges for listing? I am asking because they categorically claim that they don't charge absolutely anything.

Coinbase says it $0, but Justin Sun (Tron founder) just posted this a few hours ago on Twitter. Sun claims that they paid 500 million TRX worth about $80m and Coinbase demanded an additional $250 million BTC deposit.

Source: https://x.com/justinsuntron/status/1853317167946842175

The post blew up quite a low already. CZ Binance also commented:

Source: https://x.com/justinsuntron/status/1853317167946842175

Quite interested to see what Brian Armstrong will respond on Suns post, imho.

Justin exposed the guys lol
Not sure if it's true but if Armstrong says so then maybe its true. They should add more.

But then anyway this event is still good for crypto. Coinbase replacing FTX seems like a good promotion. They better keep Justin away, he sniffs any information and inserts himself to be the protagonist of every story. You don't want him exposing Coinbase being insolvent like CZ did to FTX.

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Quote from: bullrun2024bro on November 04, 2024, 10:06:24 AM

Coinbase says it $0, but Justin Sun (Tron founder) just posted this a few hours ago on Twitter. Sun claims that they paid 500 million TRX worth about $80m and Coinbase demanded an additional $250 million BTC deposit.

I wouldn't be surprised at all if Coinbase actually has some hidden fees like demanding tokens/coins for promotion (some thing that probably all exchanges are doing), but kudos to them if they actually managed to take so much money from Justin for getting TRX listed. Cheesy

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Quote from: Rikafip on November 03, 2024, 11:41:18 AM

Do you know how much Coinbase charges for listing? I am asking because they categorically claim that they don't charge absolutely anything.

Coinbase says it $0, but Justin Sun (Tron founder) just posted this a few hours ago on Twitter. Sun claims that they paid 500 million TRX worth about $80m and Coinbase demanded an additional $250 million BTC deposit.

Source: https://x.com/justinsuntron/status/1853317167946842175

The post blew up quite a low already. CZ Binance also commented:

Source: https://x.com/justinsuntron/status/1853317167946842175

Quite interested to see what Brian Armstrong will respond on Suns post, imho.

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Quote from: Rikafip on November 03, 2024, 11:41:18 AM

Quote from: bias on November 03, 2024, 11:33:45 AM

Do you know how much Coinbase charges for listing any "coin"?

Do you know how much Coinbase charges for listing? I am asking because they categorically claim that they don't charge absolutely anything.

Quote from: https://www.coinbase.com/blog/listing-assets-on-coinbase-is-free-and-always-has-been

As part of our efforts to level the playing field, listing an asset on Coinbase is, and has always been, free. We don’t charge listing or application fees to asset issuers. Unlike many exchanges, we also don’t charge prerequisite asset marketing fees or require issuers to adopt Coinbase’s other services. Some have speculated otherwise, but it is simply not true.

To be honest, I don't, and this is completely new news for me! Thank you for posting this and clearing it up; it seems that I was a "speculated" user. Grin

Quote from: Rikafip on November 03, 2024, 11:41:18 AM

After all, they don't even have to charge anything for listing shitcoins (as long as that shitcoin is popular and has big volume on other exchanges) as they make a nice profit from all those withdrawal and trading fees.

Still, they list "coins" that they are new without being in other exchangers first. How do they know their fan base or how attractive can be for their clients to trade them? I mean there are tons of new "coins" that they can put in and take more than they get already. Also, why the developers of those "coins" don't apply to being listed there? Especially if it's free of charge. If isn't the money for it, then for what reason don't apply to Coinbace and try to find lower-tier exchangers to be listed?
Sorry if I derail a bit from the topic but sounds a bit strange...

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Quote from: Baofeng on November 04, 2024, 07:34:49 AM

~

Thanks for the additional infos @Baofeng.

IMHO, a very good ad for normies, even if the bonus is just $5.

Coinbase targeting normies and non-crypto natives and pushes their own reputability with these sports deals. Pretty likely they're getting tons of new users, who want to try out the platform and gamble with the bonus.

Really just hope they're not overpaying for a bigger market share in the US with these partnerships.

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Quote from: bbc.reporter on November 03, 2024, 11:00:29 PM

Quote from: bullrun2024bro on November 03, 2024, 09:29:22 AM

Quote from: bbc.reporter on October 30, 2024, 07:36:12 PM

This sponsorship will be longterm and this will bring more people for us to dump our cryptocoins and tokens on their faces hehehehehehe. I am joking.

Actually it's pretty accurate. All these gazzilion shitcoins out there need tons of exit liquidity to dump their bags.

You just need to convince the normies that (insert shitcoin here) is the new 100x and they will get millionairs in no time.

Anyway, maybe we get lucky and the terms of the deal will be leaked at some point. Coinbase is probably spending a decent sum.

If you want to know how much Coinbase has spent, you should research how much Sam and FTX has spent on their sponsorship deal with the Miami Heat. We should also compare the size of the teams and the revenues on the Golden State Warriors and the Miami Heat and create assumptions which has the bigger sponsorship deal based on size of revenues hehehe.

Its was reported that the deal is $135 million,

Quote from: bbc.reporter on November 03, 2024, 11:00:29 PM

I speculate that the bigger deal is Coinbase's sponsoship on the Warriors. They are in San Francisco near the wealthy technology companies and their stadium might be much more expensive because of the location.

Yeah, I do agree, Warriors has won multiple championships already and they have established their teams this decade. They have the best shooter in the lead which is Steph Curry. So the deal is a win-win for both of them.

And with that,

Quote

Get in the game. Get $5 in free Bitcoin.
Sign up for Coinbase, the world’s most trusted crypto exchange, and see $5 of Bitcoin appear in your account. Easy bucket.

What can you do with your Bitcoin?

Pass the rock: Pay for goods and services instantly

Pick and roll: Trade it for other cryptocurrencies

Play D: Save it for a rainy day

https://www.coinbase.com/partner/warriors

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Quote from: bbc.reporter on November 03, 2024, 11:00:29 PM

If you want to know how much Coinbase has spent, you should research how much Sam and FTX has spent on their sponsorship deal with the Miami Heat. We should also compare the size of the teams and the revenues on the Golden State Warriors and the Miami Heat and create assumptions which has the bigger sponsorship deal based on size of revenues hehehe.

I speculate that the bigger deal is Coinbase's sponsoship on the Warriors. They are in San Francisco near the wealthy technology companies and their stadium might be much more expensive because of the location.

Are this the correct figures of the old FTX x Miami Heat deal?

Source: https://www.nba.com/news/miami-heat-home-arena-gets-temporary-name-after-ftx-collapse

So $135 million for 19 years, which is about $7m per year. Nothing too crazy imho, or am I missing something?

So maybe $10m per year sounds reasonable?

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Quote from: bullrun2024bro on November 03, 2024, 09:29:22 AM

Quote from: bbc.reporter on October 30, 2024, 07:36:12 PM

This sponsorship will be longterm and this will bring more people for us to dump our cryptocoins and tokens on their faces hehehehehehe. I am joking.

Actually it's pretty accurate. All these gazzilion shitcoins out there need tons of exit liquidity to dump their bags.

You just need to convince the normies that (insert shitcoin here) is the new 100x and they will get millionairs in no time.

Anyway, maybe we get lucky and the terms of the deal will be leaked at some point. Coinbase is probably spending a decent sum.

If you want to know how much Coinbase has spent, you should research how much Sam and FTX has spent on their sponsorship deal with the Miami Heat. We should also compare the size of the teams and the revenues on the Golden State Warriors and the Miami Heat and create assumptions which has the bigger sponsorship deal based on size of revenues hehehe.

I speculate that the bigger deal is Coinbase's sponsoship on the Warriors. They are in San Francisco near the wealthy technology companies and their stadium might be much more expensive because of the location.

Rikafip

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Quote from: bias on November 03, 2024, 11:33:45 AM

Do you know how much Coinbase charges for listing any "coin"?

Do you know how much Coinbase charges for listing? I am asking because they categorically claim that they don't charge absolutely anything.

Quote from: https://www.coinbase.com/blog/listing-assets-on-coinbase-is-free-and-always-has-been

As part of our efforts to level the playing field, listing an asset on Coinbase is, and has always been, free. We don’t charge listing or application fees to asset issuers. Unlike many exchanges, we also don’t charge prerequisite asset marketing fees or require issuers to adopt Coinbase’s other services. Some have speculated otherwise, but it is simply not true.

After all, they don't even have to charge anything for listing shitcoins (as long as that shitcoin is popular and has big volume on other exchanges) as they make a nice profit from all those withdrawal and trading fees.

bias

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Quote from: bullrun2024bro on November 03, 2024, 09:29:22 AM

Quote from: bbc.reporter on October 30, 2024, 07:36:12 PM

This sponsorship will be longterm and this will bring more people for us to dump our cryptocoins and tokens on their faces hehehehehehe. I am joking.

Actually it's pretty accurate. All these gazzilion shitcoins out there need tons of exit liquidity to dump their bags.

And why to use Coinbase? Do you know how much Coinbase charges for listing any "coin"? If it's a "dump-run" shitcoin, have other cheaper and easier liquidity exits.

Quote from: bullrun2024bro on November 03, 2024, 09:29:22 AM

You just need to convince the normies that (insert shitcoin here) is the new 100x and they will get millionairs in no time.

Coinbase doesn't need to do this, at least not anymore. Shitcoin owners/ creators and their teams need to do this. Normies have been aware of BTC success story for years now and always anticipate any shitcoin that pop-ups to have the same success as "The King".
It's always good to see such collaborations between crypto-related companies and sports organizations. Even if years ago, if you asked those teams what crypto was, they would have laughed at your face and thrown you out of the building.

bullrun2024bro

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Quote from: bbc.reporter on October 30, 2024, 07:36:12 PM

This sponsorship will be longterm and this will bring more people for us to dump our cryptocoins and tokens on their faces hehehehehehe. I am joking.

Actually it's pretty accurate. All these gazzilion shitcoins out there need tons of exit liquidity to dump their bags.

You just need to convince the normies that (insert shitcoin here) is the new 100x and they will get millionairs in no time.

Anyway, maybe we get lucky and the terms of the deal will be leaked at some point. Coinbase is probably spending a decent sum.

bbc.reporter

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Quote from: hugeblack on October 31, 2024, 01:58:14 AM

Quote from: bbc.reporter on October 30, 2024, 07:36:12 PM

This sponsorship will be longterm and this will bring more people for us to dump our cryptocoins and tokens on their faces hehehehehehe. I am joking.

I don't think anyone will hate Coinbase as long as they believe in the importance of CEX and it is probably one of the best and most reliable options compared to many platforms. Their problem is almost in the support team and the slow response, I hope those who use it will give us an answer but it is much better than crypto.com.

Agreed. Also, I have mentioned this before, much of the complaints of the community on centralized exchanges are very much minor similar to high withdrawal fees, slow withdrawals during certain periods, other types of slowness and other complaints like the exchange did not activate a stoploss. This is very much okay because these exchanges are not perfect and if a person does not like to use a certain exchange, he can use another one or he can trade in an onchain decentralized exchange.

However as a business and similar to Binance, Coinbase has created a very good reputation on being an exchange that will not steal customer funds hheheheh.

sunsilk

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Well done to the Golden State Warriors for having a new partner and for choosing Coinbase. A mistake that has been done by FTX shouldn't really be patronized and good thing that they have canceled all of the promotions that they were signed with them a few years ago.

Quote from: bbc.reporter on October 30, 2024, 07:36:12 PM

This sponsorship will be longterm and this will bring more people for us to dump our cryptocoins and tokens on their faces hehehehehehe. I am joking.

Hahaha.

If these people will read what you've said, they might thought that it's another scam coming to them. Joke. Tongue

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Quote from: bbc.reporter on October 30, 2024, 07:36:12 PM

This sponsorship will be longterm and this will bring more people for us to dump our cryptocoins and tokens on their faces hehehehehehe. I am joking.

I don't think anyone will hate Coinbase as long as they believe in the importance of CEX and it is probably one of the best and most reliable options compared to many platforms. Their problem is almost in the support team and the slow response, I hope those who use it will give us an answer but it is much better than crypto.com.

bbc.reporter

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Quote from: hugeblack on October 28, 2024, 03:30:40 AM

The good side is that Coinbase management seems more professional and may guarantee and handle customer funds much better than FTX, but we are already seeing cryptocurrency platforms in many sporting events, starting with the English Premier League and passing through individual sports, so I think that adopting investment funds is what is required for the next stage.

I am very much aware that Coinbase is hated by some people in this community, however, when was this exchange founded? This was before 2015 also before the ICO boom, I reckon. It has a good record and a proven management team. We can certainly assume that this type of sponsorship from an exchange with a good record will be very bullish for the cryptospace.

This sponsorship will be longterm and this will bring more people for us to dump our cryptocoins and tokens on their faces hehehehehehe. I am joking.

Z-tight

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The both parties did not disclose the official terms of the deal, but it is a good development after what happened with ftx. We don't know the costs and duration of the deal, but if another 'ftx' doesn't happen, lol, which i am sure it won't with Coinbase, then i expect the deal to last for a long time. This is a productive partnership for the both parties, as we continue to see more parnerships between crypto companies and sport teams.

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Quote from: bullrun2024bro on October 28, 2024, 05:27:06 AM

Any infos on costs and duration? Did Golden State Warriors announce anything? (I doubt it, but maybe someone here knows)

Would be pretty interesting to know how much Coinbase is putting into these partnerships.

There hasn't been any report regarding the amount of the contract between the Warriors and CoinDesk, but CoinDesk has been partnered with the league for some time. In fact, there was a report published on June 1, 2022, about CoinDesk's partnership with the NBA.

Quote

Crypto partnerships are now the second most lucrative sponsorship category for the NBA, behind only the technology category. Among the NBA’s crypto deals this season was a league agreement with crypto trading platform Coinbase
. CNBC reported that the deal is worth $192 million over four years.

We can estimate based on the figures reported in the past. But, with the increasing exposure of crypto companies in the NBA, these companies might soon become leading partners of the league in the long run. This is beneficial for crypto as a whole, especially since the NBA has a vast audience worldwide.

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Quote from: bbc.reporter on October 27, 2024, 10:23:19 PM

~

I didn't find any details on the deal, since Coinbase didn't disclose it.

Quote

Coinbase did not disclose the official terms of the deal, including its cost and duration. Neither Coinbase nor the Warriors immediately responded to Decrypt's request for comment.

Source: https://decrypt.co/288431/golden-state-warriors-coinbase-crypto-sponsor

Any infos on costs and duration? Did Golden State Warriors announce anything? (I doubt it, but maybe someone here knows)

Would be pretty interesting to know how much Coinbase is putting into these partnerships.

hugeblack

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The good side is that Coinbase management seems more professional and may guarantee and handle customer funds much better than FTX, but we are already seeing cryptocurrency platforms in many sporting events, starting with the English Premier League and passing through individual sports, so I think that adopting investment funds is what is required for the next stage.

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Playbet.io - Crypto Casino and Sportsbook

CEO of coinbase is slick, it reminds me of agent47 in the movie hitman.

That’s actually good news.... This exchange has been around for a while and is probably the biggest crypto exchange in the USA. Partnering with one of the most popular teams in the NBA doesn’t just target basketball lovers in the U.S. but also reaches a global audience. The NBA has billions of fans and can draw over 10 million viewers per game in the U.S. alone, so this is a massive update that the crypto space should definitely celebrate.

bbc.reporter

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This is very good news because Coinbase is a very much tested exchange already. We can be 99.9% certain that they will not use customer funds to make very big leveraged trades on very illiquid markets heheheeheh.

Also, this is a very reliable signal that more inflows of fiat will return to the cryptospace because of these types of advertisements and promotions.

Brian Armstrong, CEO of Coinbase

Six-time National Basketball Association champions the Golden State Warriors announced a new partnership with Coinbase as their “official cryptocurrency platform and blockchain partner.”

This is a significant re-entry into crypto sponsorship for the team considering its history of controversies.

Coinbase, which will work with the Warriors to promote merchandise and “exclusive fan experiences,” inherits a sponsorship role left vacant after the collapse of the Warriors’ previous crypto partner, FTX.

Read in full https://www.dlnews.com/articles/markets/golden-state-warriors-replace-ftx-coinbase-crypto-partner/

Topic: Golden State Warriors replace FTX with Coinbase as new crypto partner (Read 545 times)