The cryptocurrency exchange oinbase">Coinbase has listed SEAM, the governance token for the decentralized lending and borrowing platform Seamless Protocol. Seamless is built on Base, so SEAM is the first native Base-based token to be listed on oinbase">Coinbase.
The SEAM token airdrop also began today. Seamless Protocol says this makes SEAM the first governance token to have a fair launch airdrop that rewards users based on their involvement in the ecosystem. This involvement is tracked on-chain via soulbound points and exclusive NFTs.
By listing SEAM on its launch day, oinbase">Coinbase has made it part of its day-one listings – tokens that go live on oinbase">Coinbase the same day they are created. Recently they did day-one listings for gaming token Big Time and liquid staking token JTO.
A member of the Seamless community explained that day-one listings have extra stringent requirements around decentralization and utility. The token cannot have already been released or traded elsewhere. Trading for SEAM on oinbase">Coinbase begins this afternoon.
Seamless Protocol launched in September as a fork of Aave v3, an Ethereum lending protocol. It was created to run on Base Layer 2 with support from firms like oinbase">Coinbase, Uniswap and CertiK. Unlike other protocols, Seamless has not raised any funds through token sales – making SEAM’s launch uniquely fair.
Over 5,000 early Seamless users are eligible for the airdrop based on activities tracked via soulbound tokens and NFTs. The total supply is 100 million SEAM. 69% goes to the community, with the rest to ecosystem partners and contributors. Users can claim the airdrop for the next 3 months.
