Coinbase Pro announced a new listing plan for the governance token “ICP” of “Internet Computer”, a project developed by the DFINITY Foundation. It becomes the first listing of the ICP. Coinpost reported this on the 5th.
Currently, ICP cannot be remitted yet, but as soon as it is completed, it will start a service that remits ICP to Coinbase Pro, and will start trading when the liquidity conditions are met. In addition, coinbase custody also supports ICP. Meanwhile, residents of New York State are said to be excluded from the use of ICP.
The DFINITY Foundation is a non-profit organization established in 2015 and aims to provide a distributed cloud computing platform called 『Internet Computer』.
Over 100 billion won procured from a16z, Polychain, Multicoin Capital, etc. through ICO in 2018. It was originally named DFN token.
Afterwards, the platform was released for external developers in 2020. The event of the mainnet 「Genesis」 is scheduled to be released on May 7th at 10 p.m. PT time (2 p.m. Korean time).
As for the utility of ICP, it is said that in addition to being able to earn rewards by staking as governance, it is also said that it can be switched to a “cycle” in the computing of smart contracts. In addition, developers using ICP’s blockchain can start websites, corporate IT systems, DeFi (decentralized finance) protocols, and NFTs (non-replaceable tokens).
[New listing of 4 stocks including CTSI]
In addition to ICP, Coinbase also handles new treatments for Cartesi (CTSI), iExec (RLC), Mirror Protocol (MIR), and Teller (TRB).
Coinbase Pro deposits are already possible, and the three stocks of CTSI, MIR, and TRB do not correspond to residents of New York State. Trading is expected to commence after 9 o’clock PT on May 6th.
In addition, trading pairs are provided as CTSI/USD, CTSI/BTC, RLC/USD, RLC/BTC, MIR/BTC, MIR/EUR, MIR/GBP, TRB/USD, and TRB/BTC.
Cartesi is a project specialized in Optimistic Rollups, an Ethereum (ETH) scalability solution. IExec is a cloud platform that can lend computing power and so on.
Mirror Protocol is a protocol that tracks their performance by reproducing (issuing) real-world assets in a blockchain. And Teller is a distributed oracle network, and has the function of introducing external data into Ethereum’s smart contracts.
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.