Coinbase Token (CBT) is an ERC20 token that is minted on the Ethereum blockchain. The total supply of CBT is capped at 1 billion CBT.
CBT holders can use the token to vote on governance proposals and earn rewards for participating in the network.
Coinbase Token was created by Coinbase, a leading digital asset exchange. The token is intended to be used as a utility token on the Coinbase platform.
CBT holders will have access to exclusive features and benefits, such as early access to new products and services, and preferential treatment in customer support.
The Coinbase Token sale launched on March 26, 2018 and sold out within minutes. The token price was $0.50 during the sale. Since then, the price of CBT has fluctuated between $0.
30 and $0.60.
Coinbase plans to use the proceeds from the token sale to build out the Coinbase platform and ecosystem. The company has stated that it will use up to 50% of the proceeds to buy back and burn CBT, which will reduce the total supply of CBT over time.
Coinbase Token is an exciting new project that has the potential to disrupt the digital asset exchange industry. The team behind Coinbase Token is experienced and reputable, and the project has strong backing from leading investors.
If successful, Coinbase Token could become one of the most widely used utility tokens in the digital asset space.