Coinbase, the big US crypto exchange, is now letting people buy and sell a brand new token called SWELL. This token is for a project called Swell, which aims to make Ethereum (ETH) more secure and decentralized.
What is SWELL?
SWELL is the governance token for the Swell Decentralized Autonomous Organization (DAO). This means that SWELL holders get to vote on how the project develops. SWELL also helps to secure the Swell network.
According to Swell’s website, their goal is to create a more secure and open financial system for everyone. They see liquid staking as a key part of this future.
Trading SWELL
Coinbase has labeled SWELL as “experimental” because it’s a new token with potential risks like price swings and canceled orders. It’s currently trading at $0.0372 and is up over 9% since it launched.
Besides Coinbase, other exchanges like Kraken, Bybit, KuCoin, and Bitrue are also now offering SWELL trading.
Important Note: This information is for general knowledge only and is not investment advice. Always do your own research before investing in any cryptocurrency.
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