STEEM is one of the oldest among 0x, Cardano, ZCash, Steller and BAT, it is not in CoinBase research list. What is going on?

in #steem6 years ago

STEEM is one of the oldest among 0x, Cardano, ZCash, Steller and BAT, it is not in CoinBase research list. What is going on?

1Newcoins-on_coinbase.jpg

STEEM is also the most active blockchain in the world by transactions and strong community. It is rated highly by the neutral agencies such as Chinese ICT ministry and WEISS ratings. It is one of the fastest, feeless and scalable blockchain.

The exclusion of STEEM by Coinbase's research could be due to couple of things.

Even with its high utilities, STEEM is not a finished product yet. STEEM has major upgrades ahead which will make it buggy for sometimes and without them STEEM is half-cooked. Perhaps Coinbase will wait for a full-cooked STEEM.

Another thing is that those coins are aggressive in PR and marketing. They may have bugged Coinbase internally to consider them. Without any aggressive effort and imploring, Coinbase may not look into the crowded market. It could also be blinded by the FUD around Steemit rather than considering STEEM as a blockchain.

Perhaps, STINC is halting all marketing and PR for those releases. After SMT, STINC should go all guns blazing and bug Coinbase, BitFinex and OKex for the final addition.

steem_scalable.gif

However, STINC should think smart of playing marketing and developments together. It should look no far than to EOS, Cardano and TRON. These coins came after STEEM, invested heavily in Marketing, secured fund through hypes and now spending those funds in development and further marketing.

However, when all the top coins are on CoinBase, it loses its charm for being elite as an exchange as trolled by Kracken recently:)

Kraken sarcastically claimed on July 14 that it has been planning to add 1,600 new coins on its exchange, listed by CoinMarketCap.

However, STEEM is a no-brainer top coin which needs branding, marketing and PR. Hopefully, STINC will come out all guns blazing for marketing after SMT, Hivemind and HF20. It is such an undervalued coin.

Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.

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Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.

Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger

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I just used CoinBase to buy Eth and then Steem to power up. Very odd that Steem is not on it directly.

Proud member of #steemitbloggers @steemitbloggers

I have been thinking the same and the only other thing that comes to my mind is that STEEM uses DPOS vs POW or POS which many others use. This may have them somewhat hesitant as it may cause liquidity issues. In their Digital Asset Framework (https://pro.coinbase.com/static/digital-asset-framework-2017-11.pdf) they state the factors they will review. I believe I have read here on Steemit that only 18-20% of available STEEM is on exchanges so an addition like Coinbase could strain that and create great imbalances. Just a thought...

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