Sirwin
Sirwin
I Believe That $SPOT Will Get Listed On Binance And Coinbase In 2023

I Believe That $SPOT Will Get Listed On Binance And Coinbase In 2023


Most of you may be wondering what to do with the $SPOT tokens that you are earning on Publish0x right now.

The only place to trade $SPOT tokens is Uniswap and this requires paying a lot of gas fees. That's why I recommend holding your tokens on Publish0x until $SPOT becomes tradable on big exchanges like Binance and Coinbase.

I believe that this will happen this year and here is why.

 

What Is $SPOT?

$SPOT is basically wrapped $AMPL. It is like $AMPL but without the daily rebase. This takes out the supply volatility for its holders. 

Like $AMPL, $SPOT targets the dollar price from 2019 which makes it an inflation-resistant store of value.

 

Why $SPOT?

The only centralized exchange that has listed $AMPL so far is KuCoin while its governance token $FORTH had been listed on all major exchanges like Binance and Coinbase right away.

The reason for this is quite simple. No centralized exchange like to be flooded by support tickets from degen traders who do not understand the rebase. I don't understand why KuCoin can handle it but not Coinbase and Binance but this is exactly the reason. Does KuCoin not respond to support tickets at all or only with both, what is your guess?

However, with a wrapped version of $AMPL that takes out the daily rebases this problem does not exist anymore. In other words, the only reason why $SPOT had been created is to get it listed on major exchanges. That's why I believe that we will soon see $SPOT getting listed on major exchanges like Binance and Coinbase.

$SPOT is made by the same team that created AMPLforth and they will bring it to major exchanges.

 

My Final Conclusion

I believe that $SPOT will get listed on major exchanges soon but, of course, I can not give any guarantee. The best thing that you can do if you want to have a guarantee is going and buy a toaster. 

By the way, I remember the former tipping token $FARM. When $FARM had been integrated on Publish0x, it was only tradable on DEXes. Today you can also trade it on Binance and Coinbase. The same will happen with $SPOT.

If this is the kind of stuff that you like to read, make sure to follow me for more.

Thanks for reading and if you like, you can also follow me on Twitter and Medium.

You may also like: Interacting With Decentralized Finance Protocols Can Be Extremely Beneficial. Here Is Why.

 

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