Please note that Coinbase currently only supports the ERC-20 version of these assets.
Starting today IDEX (IDEX), Moss Carbon Credit (MCO2), Polkastarter (POLS), ShapeShift FOX Token (FOX), Spell Token (SPELL) and SuperFarm (SUPER) are available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store IDEX, MCO2, POLS, FOX, SPELL and SUPER in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro.
IDEX (IDEX) is an Ethereum token that powers the IDEX decentralized exchange, which combines an order book and automated market maker (AMM). IDEX holders can stake tokens in order to help secure the protocol and earn rewards.
Moss Carbon Credit (MCO2) is an Ethereum token for carbon credits. The project’s goal is to combat climate change. Burning one MCO2 token on the Moss Carbon Credit platform is equivalent to offsetting one ton of CO2 footprint, which is made possible by purchasing and protecting land in the Amazon rainforest.
Polkastarter (POLS) is the token powering Polkastarter, a platform for cross-blockchain fundraising based on Polkadot. POLS can be used to pay for transactions on the platform and can also be used to vote on and propose upgrades.
ShapeShift Fox Token (FOX) is an Ethereum token that governs ShapeShift, a decentralized exchange. By participating in the ShapeShift DAO (decentralized autonomous organization), FOX holders can vote on future asset integrations, products, and fee structures for the platform.
Spell Token (SPELL) is a token that governs Abracadabra.money, a platform that lets users deposit collateral in the form of interest-bearing crypto assets (such as yvYFI, yvUSDT, yvUSDC, xSUSHI) in order to mint MIM, a stablecoin that attempts to maintain a value of US$1.00. SPELL can be staked to earn sSPELL, which grants governance rights and other rewards.
SuperFarm (SUPER) is an Ethereum token that powers SuperFarm, a marketplace and platform for issuing NFTs. On SuperFarm, users can stake SUPER to earn points that can be redeemed for NFTs. SUPER can also be used to vote on the future direction of SuperFarm.
One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see IDEX, MCO2, POLS, FOX, SPELL and SUPER), as well as a new section of the Coinbase website to answer common questions about crypto.
Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store e Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store IDEX, MCO2, POLS, FOX, SPELL and SUPER today.
Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.
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Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.
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