Coinbase, Exchanges

Is Australian Safe Shepherd on Coinbase?

As of late, there have been various reports of cryptos being added to Coinbase. One such report was with Australian Shepherd, which was recently added to the Coinbase Pro platform. This has caused many to wonder – is Australian Shepherd safe on Coinbase?

Here’s a look at what we know so far about this particular crypto and whether or not it is safe to invest in.

What is Australian Shepherd?

Australian Shepherd is a decentralized cryptocurrency that was created in 2017. It uses a hybrid proof-of-work/proof-of-stake consensus system and is mined using the ASIC-resistant X11 algorithm.

The total supply of Australian Shepherd is capped at 21 million coins and as of right now, there are approximately 16.8 million in circulation.

NOTE: WARNING: Coinbase does not currently support Australian Safe Shepherd. Coinbase only supports a limited number of cryptocurrencies and digital assets, and Australian Safe Shepherd is not one of them. Before engaging in any activities related to Australian Safe Shepherd, please conduct your own research to ensure that the asset is legitimate and legal in your jurisdiction.

The team behind Australian Shepherd claims that their goal is to provide a fast, secure, and scalable digital currency that can be used by anyone around the world.

Is Australian Shepherd Safe on Coinbase?

Now that we know a little bit more about Australian Shepherd, let’s answer the question – is it safe to invest in this crypto?

At this time, it does appear that Australian Shepherd is safe on Coinbase. The platform has listed the coin as being ” Pegs to AUD” which means it will be backed 1:1 by the Australian dollar.

This should help to provide stability for the coin and investors should feel confident knowing that their investment is backed by a real asset.

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