Is ZRX (0x) about to be listed on Coinbase?
ZRX is linked to Coinbase
ZRX is strongly related to Coinbase as three out of four of their listed advisors are from Coinbase. Here they are:
- Fred Ehrsam is an advisor at ZRX and co-founder of Coinbase.
- Linda Xie is an advisor at ZRX and was previously a PM at Coinbase.
- Olaf Carlson-Wee is an advisor at ZRX, and worked as a PM at Coinbase.
0x is a Coinbase sponsored project.
Silicon Valley supports its companies
This has been Silicon Valley’s culture since forever. Coinbase will definitely make sure that the creators of 0x will be financially potent and the trend is already established in traditional VC investing for companies that come out of SV. The same goes for blockchain projects.
Long-term capital gains tax
The best time that you can possibly sell tokens in the U.S. is after you’ve had them for about a year and August 2018 will mark one year since the end of the ICO.
Taxes are the main reason to sell, and after a year, holders will pay the long-term capital gains tax rate which is definitely lower compared to the short-term capital gains tax rate.
The best time to sell is after getting 25% of your tokens
0x has a standard SV equity style vesting schedule, and this means that 25% of an advisor/founder/employee is locked up and inaccessible until the one year from the ICO’s end passes. So, it’s more than obvious that the best time to seem is after you’re getting the 25% of your tokens. This would also be a perfect time to benefit from a massive increase resulting from the Coinbase listing.
Coinbase revealed ERC20 support is on its way
Coinbase announced that they’ll be adding ERC20 token support to the wallets shortly and this would fir the August timeframe that we’ve mentioned earlier.
Coinbase needs a cheap token
The exchange will probably add ZRX because people like cheap tokens (see Ripple’s fate), regardless of their market cap. Adding 0x, Coinbase would offer its users a coin under $10.
The current state of ZRX
All these hints are definitely pointing to a Coinbase listing pretty soon, but we’ll have to wait and see whether the prediction turns out right or not. If this turns out true, it would boost the coin to the moon.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Coinbase is a digital currency exchange headquartered in San Francisco, California.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.