A decentralized layer-1 altcoin‘i experienced positive price action despite the market trend after being listed by the largest US cryptocurrency exchange.
In a new announcement from its official Twitter account, Coinbase of Flow (FLOW)announced that it will start trading on Coinbase Pro with Tether (USDT) parity once the appropriate liquidity conditions are met.
Coinbase will add support for Flow (FLOW). Inbound transfers for this asset is now available on @Coinbase and @CoinbaseExch in the regions where trading is supported. Trading will begin on or after 9AM PT on Thurs May 19th if liquidity conditions are met. pic.twitter.com/IJLUWGUO2v
— Coinbase Assets (@CoinbaseAssets) May 18, 2022
What is Flow?
FLOWis a layer-1 blockchain and smart contract platform. flowIt is a cryptocurrency that powers . Flow blockchain; It is a platform designed for game, app and non-fungible token (NFTs) creators. The FLOW token can be used to pay for transactions, vote on the future of the network, and stake by validators to secure the network.
According to the platform’s website, Flow currently has more than 7,000 developers, over a thousand active projects, and 1.2 million monthly wallets.
Flow is a platform developed by Dapper Labs, the team that produced the famous CryptoKitties game. NFT game allows players to buy, collect and sell virtual cats. Since then, the project has secured a number of high-profile partnerships, including the NBA, Warner Music Group, and Ubisoft. Dapper Labs plans to collaborate with more fashion brands in the future.
The native token of the platform, the FLOW token, is a highly functional cryptocurrency; It can be used to pay for various network services and store data, as well as staking and node verification.
After the news of the Coinbase listing, the altcoin initially rose by about 13 percent, from $2.70 to $3.04.
FLOW, which has since corrected itself, is at the time of writing after some volatile market moves. It is trading at $2.89.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.