Coinbase Lists PIRATE Tokens, Prices Skyrocket 150%

Coinbase lists PIRATE tokens, price immediately skyrocketed 150% (Photo; Doc. Discord)

JAKARTA - Coinbase's announcement of support for the Pirate Nation (PIRATE) token, caused the price of the token to spike sharply by 150%. PIRATE, an ERC-20 token sailing on the Ethereum network, is now in the spotlight on the global crypto market.

Reporting from CoinGape, Coinbase, as one of the leading crypto exchanges, has opened the door for PIRATE to be traded on its platform. With trading scheduled to start today, the opportunity for traders to participate in this growing digital economy is increasingly wide open. However, it is important to note that PIRATE trading can only be done through the Ethereum (ERC-20) network.

Pirate Nation has designed a careful strategy both before and after their Generation Event (TGE) Tokens. Pre-TGE, they build an economy in a game with off-chain points called Booty, encouraging interaction and positive activity among players. Post-TGE, their focus is to keep players and build a long-term token usage system, with 47% of the total token supply given to the community.

With Coinbase's announcement, PIRATE not only jumped in price but also in market cap, reaching 74.3 million US Dollars (approximately IDR 1.2 trillion). Trading volume in 24 hours reached more than 56.6 million US Dollars (approximately IDR 927 billion), signaling high interest from traders and investors.