Introduction

Coinbase, a leading player in the cryptocurrency exchange realm, has made a significant move by incorporating SEAM, the governance token of Seamless Protocol, into its list of offerings. This decision signals a fresh phase for the exchange's offerings, particularly as SEAM is a Base-oriented token, marking a notable change in Coinbase's strategy.

Smooth Inclusion in Coinbase's Initial Offerings

Renowned for its careful selection of initial offerings, Coinbase includes tokens on its platform on the same day as their creation event. As a result, SEAM now joins this exclusive group alongside recent additions like the gaming token Big Time and Jito’s JTO token. This approach underscores Coinbase's dedication to providing its users with innovative and promising digital assets from day one.

Seamless Protocol functions as a decentralized lending and borrowing platform, emerging as a fork on Aave v3, an Ethereum-based protocol, and is developed on Base, an Ethereum Layer 2 network nurtured by Coinbase. Furthermore, the project distinguishes itself by refraining from raising funds through equity sales or the SEAM token, demonstrating its commitment to a fair launch method.

SEAM Airdrop: Focusing on the Community

The SEAM airdrop coincides with the token's listing. With the token's total supply capped at 100 million, a substantial 69% is designated for the community. This allocation strategy underscores the Protocol's community-centric philosophy. However, the eligible recipients for the airdrop are early supporters who engaged in various community activities and quests.

Coinbase's addition of SEAM signifies more than just a new token listing; it symbolizes a broader shift in the platform's approach to decentralized finance (DeFi). Furthermore, as a native Base-based project, SEAM's inclusion underscores the growing impact of DeFi platforms and their tokens in the wider crypto market.

Conclusion

In conclusion, Coinbase's decision to include SEAM and launch an airdrop event reflects its commitment to embracing innovative projects while fostering community involvement. This move highlights the evolving landscape of decentralized finance and its significance within the cryptocurrency market.