Coinbase Sparks Low-Cap Altcoin Explosion After Adding Support for New Solana (SOL)-Based Token

The most important crypto trade platform by quantity within the US is all of the sudden including assist for a brand new Solana-based (SOL) token.

In line with Coinbase, Coinbase is adding assist for Entry Protocol (ACS), a brand new content material monetization crypto challenge constructed on high of the sensible contract platform Solana.

Coinbase says that clients will be capable to begin buying and selling the digital asset on February fifteenth if correct liquidity situations are met.

Entry Protocol is a Web3 protocol that goals to grant content material creators and publishers the power to create their very own customizable paywall, in accordance with its web site.

The protocol works by permitting customers to pool ACS tokens with one another and creators to achieve entry to their content material, which supplies everybody concerned every day rewards.

Moreover, customers don’t hand over possession of their tokens by subscribing to a creator and are capable of transfer their tokens to new swimming pools as they want.

“Customers subscribe to creator ‘swimming pools’ with the ACS token, unlocking a set of content material or companies decided by the creator. Along with receiving content material, if you subscribe to a creator pool, each you and the creator break up a every day reward…

On this system, you possibly can keep in a pool for as lengthy or as little as you’d like, eliminating the necessity to soar via hoops to cancel your subscription or fear about renewal dates.”

Information of the itemizing sparked a surge in ACS because the token went from $0.00431 to $0.00575 in just some hours, in accordance with CoinGecko.

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