Coinbase considers launching a token – community shares ideas
Speculation around a potential Base token is growing. Base lead Jesse Pollak has invited the community to share ideas, while analysts believe any airdrop could be structured to boost Coinbase’s stock value.
Coinbase has begun openly discussing the idea of issuing its own Base token, sparking an energetic response from the crypto community. Base network lead Jesse Pollak asked users to share ideas about what a potential token could look like, emphasizing that this is purely “exploration” for now.
Pollak said the discussion is being held publicly so the community can contribute to the process. Within two weeks, he received hundreds of suggestions, ranging from rewarding active network participants to timing the launch with 2025 market cycles. However, Pollak quickly tempered expectations, clarifying that a token launch is not planned for 2025.
Meanwhile, analysts at Messari note that Base could become the first instance of a publicly traded company to issue its own blockchain token, creating a unique tension between the interests of Coinbase users and shareholders. Researcher AJC emphasized that the goal of a potential Base airdrop would likely go beyond user rewards, aiming instead to enhance the shareholder value of Coinbase (ticker: COIN).
“Investors won’t give up token rights without a clear upside. The logic is to design a distribution that increases the company’s valuation and creates long-term value rather than short-term hype,” AJC explained. He added that long-term engagement metrics, such as Base app usage, content creation, and participation in social activities, should be the core focus.
Analysts believe this could set a precedent for the entire market. If Coinbase proceeds with the token launch, it would mark the first real convergence between corporate governance and tokenized economics, linking shareholder and user interests under a single token model.
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