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- Runestone founder Leonidas wrote an open letter to crypto alternate Coinbase.
- Leonidas questioned the standing of an software for the itemizing of DOG meme coin.
- Leonidas requested Coinbase to place in place an “equitable itemizing course of.”
Leonidas, the founding father of the Runestone protocol on Bitcoin (BTC) and host of The Ordinal Present, posted an open letter on X (previously Twitter) addressed to the main American crypto alternate Coinbase relating to the transparency and equity of its itemizing of meme coin DOG.
Within the X put up, Leonidas defined the letter additionally addresses “broader considerations within the cryptocurrency house about transparency and truthful itemizing practices for non-utility tokens (memecoins).”
On November 2, Coinbase founder Brian Armstrong claimed in an X put up that his crypto alternate presents free listings, asking initiatives which can be searching for listings to ‘drop a notice.’ Leonidas took this to coronary heart and stated the Coinbase staff has not responded relating to DOG itemizing regardless of the staff’s efforts to have interaction with them.
A Name for Extra Equitable Listings
Leonidas requested Coinbase and CEO and co-founder Armstrong to vary their itemizing insurance policies to accommodate “decentralized and pretty distributed memecoin communities,” including:
Learn additionally: Coinbase CLO Urges Professional-Crypto SEC Reform After Trump’s Presidential Win
Mr. Armstrong’s public name for functions and invitation to “drop us a notice”, even after our initially fruitless earlier makes an attempt, encourages the $DOG Military to reiterate our request for a $DOG itemizing.
In accordance with Leonidas, the shortage of transparency has “inadvertently favored venture-capital-backed memecoins” which are sometimes dumped on retail buyers by the insiders of those initiatives. The Runestone founder desires Coinbase to create an “equitable itemizing course of” to handle such points.
DOG Evaluation
DOG is buying and selling at $0.004186 on the time of writing, down 7.67% prior to now 24 hours with a buying and selling quantity of $13.66 million. It’s ranked because the 211th-largest digital asset by market cap as per CoinMarketCap knowledge. Within the final 30 days, DOG has surged 9.06% whereas prior to now week, DOG has crashed 3.34%.
The chart from TradingView above confirms that the Relative Power Index (RSI) reads a worth of 48.02 which implies that the bears are presently accountable for the DOG value motion and the gradient of the road means that decrease costs are potential for the meme coin within the brief time period.
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