One Solana (SOL)-based altcoin is hovering after touchdown a shock itemizing on Coinbase, the highest crypto trade within the US.
In an announcement through the social media platform X, Coinbase says it’s including Shadow Token (SHDW) to its buying and selling platform.
Shadow Token is predicted to be out there on the platform beginning Wednesday, at midday Japanese Commonplace Time. Amid the itemizing information on Tuesday, Shadow Token shot up from the day’s low of $1.83 to a excessive of $2.17, a acquire of greater than 18%.
Shadow Token has since retraced barely, buying and selling at $1.95 at time of writing, up 7% within the final 24 hours.
Coinbase is tagging Shadow Token with the experimental asset label, a designation for digital belongings that pose sure dangers akin to value swings.
Shadow Token is a cryptocurrency designed for the sustainability and safety of decentralized information storage infrastructure. It serves because the native token for the ShdwDrive community, a high-performance cloud storage platform.
Says the undertaking staff,
“Community mechanisms akin to staking, halving, slashing and recycling – are fastidiously designed to work collectively to make SHDW an efficient software for securing the community and driving worth. These mechanics, together with rewards and incentives, are designed to transform token holders into lively members who’re serving to to safe the community.”
Coinbase additionally simply announced one other Solana-based altcoin for buying and selling with the experimental asset label, Tensor (TNSR). Tensor is the preferred non-fungible token (NFT) platform on Solana.
At time of writing, TNSR is buying and selling for $1.60, down greater than 14% within the final 24 hours.
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Featured Picture: Shutterstock/Salamahin/Philipp Tur
