stub Coinbase Lists Mines of Dalarnia and Three Other Cryptos - Securities.io
Connect with us

Mines of Dalarnia News

Coinbase Lists Mines of Dalarnia and Three Other Cryptos

mm
Updated on

Securities.io maintains rigorous editorial standards and may receive compensation from reviewed links. We are not a registered investment adviser and this is not investment advice. Please view our affiliate disclosure.

According to a recent announcement published by Coinbase Assets on Twitter, the largest US cryptocurrency exchange recently decided to list four new assets on its platform. This time, Coinbase chose to add Mines of Dalarnia (DAR), Marlin (POND), Automata Network (ATA), and StaFi (FIS).

All four cryptocurrency tokens are now live on Coinbase.com, as well as available through the Coinbase apps for Android and iOS alike. On Twitter, Coinbase noted that users can simply log back into their accounts and they will be able to buy, sell, convert, send, receive, or store the mentioned assets.

Coinbase has been gradually increasing its collection of available cryptocurrencies over time, doing extensive background checks of each asset and being extremely careful to only list those assets that are approved by the US SEC as non-securities. This attention to detail and thorough examination sets it apart from exchanges like Binance, as Binance has been known to add coverage for new cryptocurrencies rather quickly so that it wouldn’t miss out on any of the tradings once the coin or token started becoming popular.

Mines of Delarnia mimics a popular traditional game with a crypto twist

Mines of Dalarnia is a particularly interesting of the four projects that Coinbase listed, as it is a metaverse project that only saw the launch of its mainnet about a month and a half ago, on April 26th.

The project is actually a game inspired by a popular traditional game called Minecraft, where players are dropped at a random location in an endless open world. Their only real task is to mine anything and everything that the world has to offer, build new items, improve their gear, and use the world’s own materials to bend it to their will. The game is famous for allowing players to go as creative as they are capable of being.

Mines of Dalarnia has a similar approach to mining things and using the world’s resources for building new things, but as a metaverse project, it also runs on blockchain, where it employs a P2E (Play-To-Earn) system, allowing players to make money by mining and selling rare minerals, relics, and other similar assets. Plus, there are two types of players — those who own LAND, and those who rent that land in order to mine it and play the game.

LAND owners can make money from the miners, while miners make money from playing. Only days before seeing launch on its mainnet, Mines of Dalarnia also teamed up with KuCoin, which led to a 16% price increase. However, the token failed to replicate this reaction after the listing on Coinbase was announced, and instead, it dropped on the same day from $0.33 to $0.29 as part of the correction. At the time of writing, its price sits even lower after a drop in the last several hours which took it to $0.27, forcing it down by over 9% in the last 24 hours alone.

To learn more visit our Investing in Mines of Dalarina guide.

Ali is a freelance writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profile investment sites including CCN, Capital.com, Bitcoinist, and NewsBTC.

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.