Coinbase Sparks Low-Cap Altcoin Explosion After Adding Support for New Solana (SOL)-Based Token

2023/02/16 13:00

The largest crypto exchange platform by volume in the US is suddenly adding support for a new Solana-based (SOL) token.

According to Coinbase, Coinbase is adding support for Access Protocol (ACS), a new content monetization crypto project built on top of the smart contract platform Solana.

Coinbase says that customers will be able to start trading the virtual asset on February 15th if proper liquidity conditions are met.

Access Protocol is a Web3 protocol that aims to grant content creators and publishers the ability to create their own customizable paywall, according to its website.

The protocol works by allowing consumers to pool ACS tokens with each other and creators to gain access to their content, which gives everyone involved daily rewards.

Furthermore, consumers don’t give up ownership of their tokens by subscribing to a creator and are able to move their tokens to new pools as they wish.

“Users subscribe to creator ‘pools’ with the ACS token, unlocking a set of content or services determined by the creator. In addition to receiving content, when you subscribe to a creator pool, both you and the creator split a daily reward… In this system, you can stay in a pool for as long or as little as you’d like, eliminating the need to jump through hoops to cancel your subscription or worry about renewal dates.”

News of the listing sparked a surge in ACS as the token went from $0.00431 to $0.00575 in just a few hours, according to CoinGecko.

Gain a broader understanding of the crypto industry through informative reports, and engage in in-depth discussions with other like-minded authors and readers. You are welcome to join us in our growing Coinlive community:https://t.me/CoinliveSG

Add Comment

LoginLeave your comments

0 Comments

Earliest

Load more comments

More news about low cap altcoins

Aug 02
4 Micro Cap Altcoins With Exponential Growth Potential
Bullish
Bearish
Jul 12
These Two Low-Cap Altcoins Possess ‘Increased Chance of a Breakout,’ According to Analytics Platform Santiment
Bullish
Bearish
Jul 05
These Two Low-Cap Altcoins Are Flashing Bullish Signals Amid Heightened FUD, Says Analytics Firm Santiment
Bullish
Bearish
Jun 22
Bitcoin Hits Five-Week Low, Altcoins Follow Suit
Bullish
Bearish
Apr 22
‘This Time for Real’ – Trader Predicts Ethereum Rally, Updates Forecast on Two Low-Cap Altcoins
Bullish
Bearish
Apr 22
Analyst Predicts Corrections for Two AI Altcoins, Says One Low-Cap Coin in Danger of Significant Pullback
Bullish
Bearish
Jan 07
6 Low-Risk Low Cap Tokens Poised for 10x Returns in 2024
Bullish
Bearish
Jan 07
6 Low-Risk Low Cap Tokens Poised for 10x Returns in 2024
Bullish
Bearish
Dec 07
Crypto Whale Makes $1.6 Billion in One Year By Boosting Portfolio With Low-Cap Altcoins: Researcher
Bullish
Bearish
Oct 19
The "low-carb-crusader" address exchanged 7287.44 wstETH for DAI and destroyed it
Bullish
Bearish

Coinbase Sparks Low-Cap Altcoin Explosion After Adding Support for New Solana (SOL)-Based Token

More news about low cap altcoins

More news about low cap altcoins

Coinbase’s Slump to All-Time Low Sends Market Cap Below Dogecoin

Good News for Listing These 2 Altcoins From Coinbase: Prices Jump!

RoboApe and Cardano: Altcoins Ready To Soar Higher in 2022

How The Ethereum Rally Is Propping Up Large Cap Cryptocurrencies

Bitcoin Lags Behind US Stocks, Altcoins In Latest Bounce

The Small Cap Altcoins That Ethereum Whales Are Bullish On

Tether's USDT market cap dips below $70B for an 8-month low

Bitcoin passes $23.8K May low as crypto market cap drops under $1 trillion

Market Optics: Is It Time To Get Out Of Small Cap Altcoins?

Europe Compliance With AML Standards When Monitoring Crypto Low, Says Watchdog