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Highlights
- Circuits of Value (COVAL) token was set to start trading on Coinbase Pro Tuesday.
- COVAL powers the Emblem platform that helps users create a single, tradable Vault token.
- The Circuits of Value (COVAL) token gained 2626.5% in a year.
The Circuits of Value or COVAL token surged more than 230% in the last 24 hours to 7:19 am ET on Tuesday ahead of its expected trading debut in Coinbase Pro.
On Dec 6, Coinbase allowed the inbound transfer of COVAL tokens. The platform currently supports only the ERC-20 crypto versions, and COVAL is one of them.
The trading of COVAL-USD and COVAL-USDT would start once the token’s supply is adequate.
The exchange will launch order book in stages like post-only, auction, limit-only, or full trading.
Meanwhile, the COVAL token was set to debut in Coinbase Pro, subject to its liquidity position.
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The COVAL token powers the Emblem platform that helps users create ERC-20 and NFT tokens into a single, tradable Vault token. The token is also issued to liquidity providers as a reward. The Emblem platform allows cross-chain transfers of digital assets.
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How does the COVAL platform work?
COVAL requires 35 network confirmations. The Coinbase wallet can hold COVAL but does not support bank transactions directly. The users will have to transfer the crypto to coinbase.com or any other external address to get cash in exchange for crypto.
The token is ranked 556th based on the market cap, as per Coinmarketcap.com.
Its current market capitalization is US$58.7 million. The trading volume in the 24 hours rose by 100138.25% to US$11,644,741. Its total supply is 1,200,000,000 tokens.
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The token hit an all-time high of US$0.092930 on December 6, 2021, and an all-time low of US$0.00001000 on March 31, 2017, according to coingecko.com.
The Circuit of Value (COVAL) is available for trading on Uniswap (V3), Hoo, QuickSwap, Resfinex, and Coinbase Pro. The token gained 2626.5% in one year and 435.4% in 30 days.
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Bottomline
The COVAL token will be available only for the Coinbase Pro account holders and not on Coinbase.com or its mobile app. Also, the token can be held in a Coinbase wallet.
