As of late, there has been much discussion in the crypto community about whether or not Coinbase has a token. While some believe that the exchange definitely has a token, others are not so sure. So, does Coinbase have a token?
The answer to this question is somewhat complicated. Coinbase does have a token, but it is not exactly what one would expect. The token is called “GNT” and it is used to represent the Golem Network Token.
Golem is a decentralized supercomputer that anyone can access. The GNT is used to pay for computations on the network.
So, while Coinbase does have a token, it is not your typical cryptocurrency token. It is actually an ERC20 token that is used for a specific purpose.