The leading cryptocurrency exchange Coinbase has announced its plan to list a new gaming token, BLOCKLORDS, fueling market discussions. This news has ignited excitement in the crypto market, leading to a significant price rally. Following the announcement from the exchange, the price of LRDS surged by 160%, reflecting strong investor interest in the crypto.
Coinbase To List BLOCKLORDS (LRDS)
Coinbase has recently shared an official statement on the X platform regarding the listing of BLOCKLORDS. The exchange confirmed support for the ERC-20 token on the Ethereum network. However, users are cautioned against sending this asset over other networks than the exchange, as it may result in the loss of funds.
The crypto exchange announced, “Transfers for this asset are available on Coinbase and Coinbase Exchange in regions where trading is supported.” Notably, the trading is scheduled to start later today, when the liquidity conditions are fulfilled.
Meanwhile, the introduction of LRDS to the exchange will follow a phased approach. This will ensure a smooth transition as the platform establishes a sufficient supply of the asset. However, support for the new gaming token may be limited in certain jurisdictions due to regulatory restrictions.
In addition, BLOCKLORDS will carry an “experimental asset” label on the exchange for now. This label is assigned to new or low-volume assets and it aims to help customers make informed decisions by highlighting potential risks such as price volatility and canceled orders.
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Price Rockets 160%
The listing announcement from one of the leading crypto exchanges has significantly boosted the price of the gaming token, reflecting growing confidence in the token. Notably, following Coinbase’s listing announcement, LRDS price soared 160% to hit $2.06.
Meanwhile, BLOCKLORDS is a player-driven MMO medieval grand strategy game, with LRDS as its governance token designed for in-game utility and long-term sustainability. In other words, this token not only powers the game’s economy but also plays a crucial role in its governance.
Besides, BLOCKLORDS recently announced a substantial 300,000 Gamedrop of LRDS tokens. This initiative aims to boost player engagement and further integrate the token into the game’s ecosystem. The game’s developers believe that its native token will continue to enhance gameplay and support the game’s growth and evolution.
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The post Coinbase To List This New Gaming Token, Price Rallies 160% appeared first on CoinGape.
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