CoinList

Company

CoinList is headquartered in San Francisco, California and was founded in 2017.

Investors

• CoinList Raises $100M Series A to Fuel Global Expansion, bringing CoinList’s valuation to $1.5 billion [Oct 2021]

Key metrics

• 5+ million users [Nov 2021]

Presence in Singapore

Unknown

Regulation by Monetary Authority of Singapore (MAS)

Unknown

Social media

• Facebook: CoinList
• Telegram: CoinList Official

Ecosystem

Access to platform

• Android (Discontinued in Aug 2022)
• iOS (Discontinued in Aug 2022)
• Web

CoinList Karma

Your CoinList Karma score is an indicator of your contribution to token networks on CoinList. The greater your contribution through value-add activities, the higher your Karma.

Eligible users with a high level of Karma can earn access to the Priority Queue on CoinList. The Priority Queue is an invite-only queue for token sales that is significantly shorter than the main token sale queue (in the low thousands compared to hundreds of thousands).

In a March 2022 newsletter, CoinList shared that in recent token sales, many registrants with a CoinList Karma score of approximately 2,000 or greater were invited to the priority queue for CoinList token sales.

CoinList Seed

Not relevant to individual investors but good to know, CoinList Seed is how CoinList helps early-stage crypto startups that are looking to raise their first rounds of funding. It is a virtual demo day for crypto founders to connect with the qualified investors on CoinList.

• CoinList Seed Fall 2021 Batch
  summary of projects

  1. Talent Protocol - Talent Protocol is the professional network where talent can launch a branded personal token, and where sponsors can make angel investments in careers they believe in.
  2. Swash - Swash enables internet users, developers, and businesses to cultivate new realities of data ownership and value creation through innovative incentivization streams.
  3. Creaticles - Creaticles is the world’s first bespoke NFT platform that seeks to safely and easily match buyers looking to acquire specific art to talented and curated artists.
  4. Pawnfi - Pawnfi is the first DeFi product which introduces the pawn concept, a brand-new lending and leasing market to provide fair appraisal, liquidity, and other use case for Non-Standard Assets (NSA).
  5. Burnt Finance - Burnt allows users to take auctions into their own hands, enabling the minting and trading of any asset in an entirely permissionless ecosystem.
  6. tiiik - tiiik is a digital wallet that strives to make DeFi safe and accessible for the next billion users with a regulated one-click gateway to a new financial system.
  7. CID gravity - CID gravity is building a 2nd layer of trust between Filecoin stakeholders, that de-risks their data and increases miner’s profitability.
  8. Masa - Masa is a decentralized credit protocol enabling the mass adoption of DeFi by bridging CeFi data to DeFi. Masa’s credit infrastructure serves prime borrowers plus 3 billion credit invisible people.

• CoinList Seed Winter 2022 Batch
  summary of projects

  1. EthSign - EthSign is the first ever Web 3 native agreement signing and execution platform.
  2. Exorde Labs - Exorde is a Web 3 protocol that empowers developers to scrape and link all public data on the web.
  3. Immortal Game – Immortal Game is building the first play-and-earn Chess game with gamified NFTs, leagues, levels, crafting, achievements and more.
  4. Mesha - Mesha is a decentralized social investing platform that lets users invest together in teams.
  5. Paychant - Paychant helps businesses in Africa to easily accept digital currency for online payments, saving up to 90% transaction fees that traditional payment gateway charges them.
  6. Smoothie - Smoothie is a tokenized awards protocol that helps founders launch their web3 projects.
  7. t3rn - T3rn (pronounced ‘tern’) is a smart contract hosting platform that enables fail-safe, multi-chain execution and trustless, composable collaboration.

• CoinList Seed Summer 2022 Batch
  summary of projects

  1. Arrow Markets - Arrow Markets is a Web3 options trading platform built on Avalanche.
  2. Candy Shop by LIQNFT - Candy Shop is a decentralized, open-source, and escrowless on-chain protocol built on Solana.
  3. Decent - Decent enables fans and collectors to build their own record labels by purchasing royalty-backed NFTs.
  4. Loop Crypto - Loop Crypto makes it simple to automate recurring transactions in Web3.
  5. Mystiko.Network - Mystiko.Network is the base layer of Web3 that provides connectivity and confidentiality to all blockchain data, transactions, and applications.
  6. TeleportDAO - TeleportDAO provides a highly-secure infrastructure that lets users move tokens, NFTs, or data from one blockchain to another.

• CoinList Seed Fall 2022 Batch
  summary of projects

  1. Capx - Capx is a token distribution platform facilitating curated distributions for project communities, token streaming for investor distributions, and a liquid secondary market for tokens.
  2. DB DAO - DB DAO is a protocol for community owned databases. Dapps will run on decentralized databases. DB DAO makes each database a DAO and each database row an NFT. As a database monetizes, the people that contributed are rewarded. Queries to the database are verified using ZK proofs.
  3. Frontrunner - Frontrunner is a decentralized sports prediction market where users can buy and sell shares of sports propositions and trade them like they would stocks. Unlike traditional sportsbooks where users place a bet and wait, Frontrunner gives users full control over their portfolios, allowing them to dynamically buy and sell positions as the odds change.
  4. Nillion - Nillion is a decentralized network based on a new mathematical innovation called Nil Message Compute, which is designed for the private and secure transfer, storage and processing of data. Nillion unlocks significant new utility in Web3 by enabling use cases like decentralized credit scoring, decentralized trusted execution environments, private NFTs, decentralized secure storage services and more.
  5. Worldspark Studios - Worldspark Studios is a AAA game studio with a singular vision of making the world brighter via immersive experiences that fill audiences with optimism and empower everyone to find and utilize the spark inside them. The team is building Sparkadia, an interconnected ecosystem of AAA-level games, beginning with their first game ‘Edenbrawl’, brought together by a central hub world where players can jump between each game to see the characters and stories come to life.

• CoinList Seed Spring 2024 Batch

Learn And Earn

“Learn And Earn” is an incentivized learning program newly launched in 2022. From the CoinList dashboard, navigate to “Rewards” –> “Learn And Earn”, where you can learn about crypto projects and earn some altcoins.

For example, in March 2022, I earned $6 in Tezos (XTZ) after watching 3 YouTube videos and answering 6 quiz questions.

Staking

CoinList stakes, generates, and signs blocks on your behalf while you retain full ownership of your tokens and earn rewards.

✔️ Unique Selling Proposition (USP)

Initial Coin Offering (ICO) / Community Sales

Get access to the best new tokens before they list on other exchanges.

This is the key feature of CoinList. It allows investors to get access to new digital assets before they appear on other exchanges.

An initial coin offering (ICO) is the cryptocurrency industry’s equivalent to an initial public offering (IPO). A crypto project launches an ICO to crowdfund the project. Investors can buy into the offering and receive a new cryptocurrency token issued by the company.

CoinList has a track record of launching successful projects, thus demand consistently outstrips supply by orders of magnitude.

❌ Drawbacks

No portfolio overview in CoinList Pro

CoinList Pro allows users to place advanced orders like ‘Limit orders’ unlike CoinList.co which only supports ‘Market orders’. The transaction fees on CoinList Pro are also cheaper.

However, a major gripe is that there doesn’t seem to be a portfolio overview within CoinList Pro. To check current holdings, users have to:

• go to ‘deposit/withdrawal’ section; or
• look through the transaction history and filter by cryptocurrency using the provided dropdown box; or
• request for an account statement.

Usage Notes and Tips

Deposit Into Anchor Protocol Through CoinList And Earn Rewards

Anchor Protocol is a saving protocol built on the Terra blockchain where users can earn stable and attractive yields on stablecoin deposits.

Eligible CoinList users can deposit UST into Anchor directly on CoinList and earn rewards without having to use the Anchor web app. To top it off, CoinList is not charging fees at this time (January 2022). Learn more.

You can find this feature under the “Rewards” section on the CoinList web portal’s left menubar.

Deposit USDT instead of USDC if planning to trade in CoinList Pro

Most of the trading pairs in CoinList Pro are in USD or USDT. There is no support for converting USDC into USDT in CoinList Pro.

Within the CoinList.co wallet, there is only support to convert USDC into USD, which is charged with a 0.25% fee.

ICO allocation system

Unlike our HDB BTO balloting system, CoinList ICOs require investors to login at the ICO launch timings and obtain a randomised queue number. If you get a large queue number, the chances of purchasing tokens for the ICO is basically naught.

Singapore time zone causes inconvenience when participating in ICOs

Due to time zone differences, ICO are always launched at the odd timings in Singapore time.

During Daylight Savings Time (DST) period between March to November, the typical token sale timings are 1am and 7am. Otherwise, the typical token sale timings are 2am and 8am.

Stuck with UST Classic (USTC) on CoinList

I had some UST on CoinList before Luna and UST crashed in May 2022. Holdings with CoinList were not eligible for airdrops on the new Luna.

CoinList later announced that it would indefinitely suspend trading of UST on CoinList, CoinList Pro, and the CoinList mobile app.

Key points:

• Effective June 22, 2022 at 12 PM PT (the Suspension Time), UST trading will be suspended on CoinList
• All open orders on CoinList Pro will be canceled automatically at or before the Suspension Time
• UST deposits will be disabled once trading is suspended and you will not be able to add any UST tokens to your CoinList Wallet after the Suspension Time
• You will still be able to store and withdraw UST tokens in your CoinList Wallet (Note: CoinList only supports ERC20 UST tokens on the Ethereum blockchain)

Since my UST Classic holdings are essentially worthless, it doesn’t make sense to pay for the ETH gas fees to transfer them out of CoinList.