OPEN LETTER TO COINBASE
Subject: Request for Transparency and Fair Listing Practices for
$DOG on Coinbase
The
$DOG Army is writing this open letter to respectfully request clarification regarding the status of
$DOG's application for listing on the Coinbase platform. This letter also serves to inform the broader crypto community of our ongoing efforts to address broader concerns in the cryptocurrency space about transparency and fair listing practices for non-utility tokens (memecoins).
We acknowledge Mr. Armstrong’s November 2nd, 2024, tweet claiming "free listings" however despite the
$DOG Army's repeated attempts to engage with Coinbase, no response has been received to date.
Mr. Armstrong’s public call for applications and invitation to “drop us a note”, even after our initially fruitless earlier attempts, encourages the
$DOG Army to reiterate our request for a
$DOG listing.
We strongly suggest that Coinbase evolve its Asset Hub process to be genuinely inclusive of all decentralized and fairly distributed memecoin communities, regardless of their organizational structure. Currently, the requirement for information inherently unavailable to truly decentralized memecoins like
$DOG and indeed, Bitcoin itself—creates an uneven playing field and undermines the core principles of decentralized cryptocurrencies. This structure risks inadvertently favoring venture-capital-backed memecoins, is potentially stifling the decentralized fairly distributed memecoins and is leading to corporate controlled memecoins that insiders dump on retail. We urge Coinbase to take proactive steps to address this systemic issue and create a more equitable listing process that reflects the diverse landscape of the memecoin market.
$DOG is the #1 memecoin on Bitcoin:
• 100% of the supply was airdropped for free in a volunteer organized initiative with no presale or team allocation.
• Reached a $980M market cap organically despite zero tier-1 CEX listings because we refuse to pay listing fees.
• No tokens have been paid to influencers or marketing firms, or market makers so all value has been accrued organically.
The
$DOG Army firmly believes that a Coinbase listing would significantly benefit both
$DOG holders and the broader memecoin market by encouraging more memecoins to go the decentralized, community driven bottom up, fair distribution approach.
$DOG has trended on X for over 30 days in the past 6 months and has reached 10% of all mindshare on X for memecoins which demonstrates organic growth and fervent support, vital indicators of a memecoin's long-term viability.
In the interest of clarity and fair practices, we respectfully request the following from Coinbase, including a formal meeting to discuss these critical issues:
1. Specific Concerns Regarding
$DOG: If any specific concerns prevent
$DOG's listing, they must be clearly articulated to enable the
$DOG Army to address them.
2. Listing Criteria: A complete and detailed explanation of all listing criteria employed by Coinbase is required to ensure transparency, trust and fairness.
The
$DOG Army is committed to creating a healthier non-utility token (memecoin) market by advocating for decentralized memecoins which follow in the footsteps of Satoshi Nakamato's BTC which had no market makers, no team/corporation, and no treasury for CEX listing fees or paid promotion.
We look forward to a constructive response from Coinbase and a meeting to address these critical issues. Listing
$DOG presents a mutually beneficial opportunity for both Coinbase and the
$DOG Army, driving increased trading volume and expanding access to a thriving market of decentralized, fair, and well distribution memecoins.
Sincerely,
The
$DOG Army
@brian_armstrong
@iampaulgrewal
@coinbase