Coinbase, the largest cryptocurrency exchange in the US, has announced the listing of a new altcoin called BLOCKLORDS （LRDS）. This new token, launched today, will be available under Coinbase’s “experimental” label.
Points
- BLOCKLORDS （LRDS） will be listed on Coinbase.
- LRDS had its token generation event （TGE） today.
- The token is already listed on other major exchanges like Gateio, Kucoin, and MEXC.
- LRDS will be listed under Coinbase’s “experimental” label.
- The total market cap of LRDS is currently $7.46 million.
In a major development for cryptocurrency enthusiasts, Coinbase has announced that it will list a new altcoin called BLOCKLORDS （LRDS）. This move is part of Coinbase’s ongoing efforts to diversify its offerings and support innovative projects in the crypto space.
Listing Details
The announcement comes on the same day as the token generation event （TGE） for LRDS, marking the official launch of the altcoin. Before Coinbase’s announcement, LRDS was already listed on several other major cryptocurrency exchanges, including Gateio, Kucoin, and MEXC. The total market cap of the token at the time of this writing stands at $7.46 million.
Experimental Label
Coinbase has decided to list LRDS under its “experimental” label. This designation is used for tokens that are relatively new and may exhibit higher volatility and risk compared to more established cryptocurrencies. Coinbase’s experimental label serves as a caution to its customers, encouraging them to be aware of the potential risks associated with trading newly launched tokens.
“Trading will begin later today if liquidity conditions are met. Once sufficient supply of this asset is established, trading on our LRDS-USD pair will launch in phases. LRDS support may be restricted in some supported jurisdictions.”
The contract address for BLOCKLORDS （LRDS） on the Ethereum network is 0xd0a6053f087E87a25dC60701ba6E663b1a548E85.
Market Impact
Following the listing announcement, the price of LRDS increased by over 120%, jumping from $1.46 to $1.8. This surge reflects the market’s positive reaction to the token’s introduction on Coinbase, which is known for its stringent listing criteria and broad user base.
What is BLOCKLORDS?
BLOCKLORDS （LRDS） is an Ethereum-based token designed to support a game that can be played on the popular gaming platform, Epic Games. The game, also called BLOCKLORDS, integrates blockchain technology to offer unique in-game experiences and rewards.
Strategic Importance
The listing of LRDS on Coinbase is significant for several reasons. It highlights the growing trend of integrating blockchain technology with gaming, providing players with new ways to engage and earn rewards. Additionally, it showcases Coinbase’s commitment to supporting innovative projects and expanding its portfolio of supported assets.
Conclusion
The listing of BLOCKLORDS （LRDS） on Coinbase marks a noteworthy event in the cryptocurrency market. As the token gains exposure on one of the largest exchanges in the US, it is likely to attract increased interest and trading activity. Investors should be aware of the experimental nature of this listing and consider the associated risks before trading.