July 21, 2022, a Coinbase employee working with two other individuals was criminally charged by the DOJ for frontrunning crypto assets ahead of official listings. The three made over a million dollars in what the DOJ considered insider trading. Fast forward, Coinbase publishes all cryptocurrencies ahead of their listings to the public leveling the playing field.
Historically the market value of cryptocurrencies increased significantly after Coinbase made the official announcement to list them.
Nucypher – Keep protocol merger and T Coinbase listing
Come February 6, 2023, Coinbase will delist Nucypher (NU) and Keep Network (KEEP) but retain the option for users to withdraw the coins at any time. On January 25, the exchange will list the Threshold token (T).
The three tokens are related to the Nucypher merge with Keep protocol into Threshold. The community excitement and the exchange listing have sent the tokens’ value to weekly highs.
The NU and KEEP communities passed the merge proposal in December 2021. According to the proposal, they based the conversion ratio to T on their total supply, the snapshot taken placed NU at 1,380,688,920 tokens and KEEP at 940,795,010 tokens. The token factors are 1 KEEP to 4.78 T and 1 NU to 3.26 T.
Coinbase does not support the token merge, meaning users have to withdraw their tokens and swap them for T on the specified vending machine contracts (T network dashboard) that will remain active indefinitely. Threshold provided users with staked tokens and special staking adopters to move them into Threshold.
T tokenomics include a 10 billion initial supply, 9.0 billion shared equally by NU and KEEP holders, and 1 billion allocated to Threshold DAO.
Threshold uses revolutionary technology to unlock greater usability and utility for cryptocurrencies without needing to trust a centralized party. It leverages KEEP’s privacy-focused infrastructure for Bitcoin and Ethereum and Nucpher’s proxy re-encryption and condition-based decryption network for cryptographic access controls for distributed apps and protocols.
Audius (AUDIO) listing
Audius is a modern streaming platform built for musicians that enables them to create, grow, and monetize their music. The platform has featured artists like Jason Derulo, 3LAU, Katy Pery, Chainsmokers, Nas, and Steve Aoki.
Source: https://www.cryptopolitan.com/coinbase-new-listings-nu-keep-merger-t-is/