Coinbase Custody Lists Second DeFi Token of 2021

Coinbase Custody has enabled deposits and withdrawals for Rally’s RLY token. Amid the latest wave of political censorship, Rally is taking on larger technology companies and aid independent content creators in monetizing their work.

Coinbase Rallies Creators

Rally joins Coinbase’s custodian service. It is the second project to get listed on the platform in 2021, the first being BarnBridge. Coinbase Custody offers institutional investors the ability to store their crypto-assets safely.

RLY is a governance token that can be used to vote on community proposals and make transactions on the Rally Network. Every community in the network has its own unique creator coin backed by the RLY token.

Additionally, users can use RLY in liquidity mining pools to farm the RLY tokens. They can subsequently convert these tokens to creator coins as they wish.

Since its addition to the platform, Rally has witnessed a spike in the price of its native governance RLY token. At press time, the token was trading at $0.34, up 10.5 %.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article