Coinbase Lists Pirate Nation Token, Price Jumps 150%

by

As an experienced analyst, I see the Coinbase listing of Pirate Nation (PIRATE) as a positive development for this ERC-20 token. The price surge following the announcement speaks volumes about the market’s demand for PIRATE. The 150% increase in price and a significant rise in market capitalization are clear indicators of this.

As a crypto investor, I’m thrilled to hear that Coinbase has decided to list Pirate Nation (PIRATE) on their platform. Being an ERC-20 token on Ethereum, this is great news for the Pirate Nation community. In fact, the price of PIRATE surged by an impressive 150% following the announcement. This listing increases the token’s accessibility and liquidity, potentially leading to further growth.

Pirate is now available for trading on Coinbase and its exchange, provided that the specific region enables such transactions.

Coinbase Announces PIRATE Listing

Coinbase has made an announcement: they will now facilitate trades for the Pirate Nation (PIRATE) token, but it’s important to note that these transactions can only occur on the Ethereum network using the ERC-20 standard.

It’s recommended that users avoid sending the PIRATE asset to other networks, as doing so might result in losing funds. Here’s the Ethereum network contract address for PIRATE: 0x7613C48E0cd50E42dD9Bf0f6c235063145f6f8DC.

As an analyst, I would advise that if you hold Pirate Nation (PIRATE) tokens on the Ethereum network (ERC-20), you can now use Coinbase to manage your assets. However, it’s crucial not to transfer this token over other networks as doing so may result in losing your funds. You can initiate transfers for this asset on both Coinbase and Coinbase Pro, but please ensure trading is supported in your region first.

— Coinbase Assets (@CoinbaseAssets) June 13, 2024

The initiation of trading for the PIRATE-USD pair is predicted to occur later today, contingent upon reaching required liquidity levels. Once an adequate volume is established, the trading process will begin gradually. Please note that due to regulatory restrictions, availability of PIRATE may be limited to certain geographic areas.

Pre- and Post-TGE Strategy

The reason for Pirate Nation’s achievement can be traced back to its clever plan during the Token Generation Event (TGE). In preparation for the event, Pirate Nation designed a strategy aimed at fostering network effects and igniting the in-game economy. This approach employed off-chain points called “Booty,” which served to motivate users and encourage desirable behaviors within the ecosystem.

During gameplay, players earned “Booty Points” through battles and accomplishing unique missions. These points served as currency for acquiring mid-tier enhancements for pirates and vessels. By keeping players constantly engaged in this system, the game maintained a well-balanced progression.

After the Token Generation Event (TGE), our strategy aims to keep players engaged, address the challenge of attracting new players, and create a sustainable system for using tokens over the long term. Forty-seven percent of the total token supply was distributed to the community to encourage self-governance in game economies.

Pirate Nation just launched their token $PIRATE, and it was a major success

It’s a full on chain adventure/treasure hunting game that empowers all players and creators.

Let’s dive into why they have such a large community rallied behind them

— Mash (@Mash_CT) June 13, 2024

To boost visibility and interaction, Pirate Nation devised innovative social farming methods. Among these tactics was a Discord Blitz initiative where the community participated in pirate-themed tasks on diverse Discord channels. Additionally, a referral program was introduced, motivating players to engage beyond account creation. This system contributed to the completion of 5 million gauntlet rounds and 8 million quests.

PIRATE’s Price Surge and Market Cap

After the announcement of the listing, the value of PIRATE underwent a significant surge. Initially priced at a low of $0.1142, it reached an unprecedented peak of $0.3312, marking a 150% price hike.

At the same time, the market capitalization of PIRATE reached $74,337,691, placing it as the 2668th largest cryptocurrency. Its trading volume over the past 24 hours amounted to approximately $56,610,286, making PIRATE the 128th most actively traded digital currency.

Curve Finance Proposes 10% CRV Burn Amid Liquidation Crisis

Read More

2024-06-14 00:23