On March 23 the Coinbase announced that it would list Ankr (ANKR), Curve DAO Token (CRV), and Storj (STORJ) on Coinbase Pro. They said that they will begin accepting inbound transfers of ANKR, CRV, and STORJ to Coinbase Pro. Trading will begin on or after 9 AM Pacific Time (PT) Thursday, March 25, if liquidity conditions meet. Today’s announcement resulted in the rally for all three projects.
ANKR
The Ankr network is a blockchain-based distributed computing platform. It aims to create an easy, accessible, and affordable way for developers to deploy multiple blockchains nodes across the globe.Users can pay for node development on Ankr usingANKR token. It also acts as an incentive for network participants. It reached a high of 0.046 on March 23, jumping 65% after the listing announcement.
CRV
Curve Finance is an Ethereum (ETH) based decentralized exchange and automated market maker protocol, powered by the CRV token. The primary goal of the exchange is to facilitate swaps between stablecoins like USDC, DAI, and other ERC-20 tokens like WBTC and renBTC. To minimize impermanent loss, the protocol only hosts pools of similar assets.
This means you can provide USDC-DAI-USDT liquidity on Curve, but not, for example, USDC-WBTC. CRV token holders have the opportunity to stake their coins on the network. They can participate in governance votes directing the future development of the platform as well as receive a reward of the fees generated by the protocol. It reached a high of 3.277 on March 23, jumping 41% after the listing announcement.
Also Read: Cardano Price Jumps 20% After the Announcement of Launching On Coinbase Pro
STORJ
Storj (STORJ) is an Ethereum-based token that powers a cloud storage platform called Tardigrade. It allows users to store data in a secured and decentralized way using advanced encryption.
When users upload their data to Tardigrade, pieces of each file are distributed to the global network of independent nodes which store the data until someone requests a specific file, at which point it is securely recompiled and made available for download.
This process enables secure file storage with trustless decentralized data centers. It does not require trusting centralized data centers such as the Amazon Web Services or the Google Cloud. Users who provide services, earn STORJ tokens as a reward on Tardigrade. It reached a high of 1.87 on March 23, jumping 107% after the listing announcement
From cloud storage, computing power, and unused bandwidth to decentralized finance and exchanges, decentralized networks are growing in strength with no signs of slowing down.
