Cryptocurrency exchange Coinbase, in its latest announcement Dimo (DIMO) reported that the altcoin has been added to the roadmap for listing.
What Is The Dimo (DIMO) Altcoin Listed By Coinbase?
DIMO is a token that allows vehicle owners to collect, use and monetize the data on their vehicles.
Developers and data consumers can access this data to build applications and services on a stable and open platform. DIMO uses the Ethereum Virtual Machine, cryptography, open source software, real-world hardware, and an application ecosystem built on top of them.
According to a blog post by Coinbase, the exchange aims to increase transparency in new asset listings by providing a roadmap of the assets they decide to list.
However, this does not guarantee that these assets will be listed on Coinbase, as there may be delays or removals for various reasons.
Coinbase also states that transfers and trading for these or other assets are not supported until a listing is officially announced, and depositing these assets into your Coinbase account before an official announcement may result in permanent loss of funds.
So, when a token is chosen for the Coinbase roadmap, it means that Coinbase has decided to list it, but it does not mean that it is currently listed or will be listed soon.
It also does not mean that you can transfer or trade this token on Coinbase until it is officially announced.
*Not investment advice.
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