Coinbase Faces Criticism Again for Listing ‘Dead’ and ‘Stupid’ Tokens
The major US-based crypto exchange Coinbase is again facing criticism from the community after it released a new list of tokens it said are “under consideration for listing.” The list includes projects that a community member described as “stupid” and “virtually completely dead.”
Among the tokens that Coinbase revealed it is considering for listing in the second quarter of this year were largely unknown Ethereum (ETH)-based ERC-20 tokens such as StudentCoin (STC), Polkamon (PMON), and Big Data Protocol (BDP). In addition, there are 42 other ERC-20 tokens and 5 Solana (SOL)-based tokens.
Sharing his take on Twitter today, the popular crypto influencer Cobie called Big Data Protocol a project that was “virtually completely dead prior to [the] listing blog post.”
He added that Big Data Protocol was a project that earlier got some attention when Tron (TRX) founder Justin Sun and crypto trading firm Alameda Research “farmed it with billions.” However, everything came to a full stop when the smart contract “accidentally locked people’s assets” because of a bug in the code.
“Nobody really heard about it ever again after that week,” Cobie said.
On the same note, Cobie also attacked StudentCoin, calling it “a great 2017-ICO-style name.”
“What does it do? Did they rebase supply or did it dump 80% and never recover?? Nobody knows, except Coinbase Listings Team,” Cobie said.
The outburst from the popular influencer today came after he has long criticized Coinbase over their listing practice. Last month, he jokingly said the exchange might just add something “stupid like ‘StudentCoin’ next.”
Today, that prediction appears to have come true.
Eric Wall, chief investment officer at crypto hedge fund Arcane Assets jokingly replied to the tweet,
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