🚨 Arbitrum vs. Coinbase: Token Debate Heats Up 🚨
AJ Warner, Chief Strategy Officer at Offchain Labs (developers of Arbitrum), weighed in on Base’s token confirmation.
🔑 According to Warner, the real challenge isn’t just launching a token—it’s the conflict between COIN shareholders and BASE token holders.
He emphasized:
📌 The only feasible way for $COIN investors to capture value may be through Coinbase holding BASE tokens on its balance sheet.
📌 Direct token airdrops to shareholders look highly unlikely.
📌 Clear separation of rights and benefits between COIN and BASE is critical.
Arbitrum itself faced similar hurdles when balancing ARB token vs. Offchain Labs equity—but Coinbase’s public listing adds an extra layer of complexity.
⚡ Question remains: Can Coinbase navigate this without diluting either side?
DYOR No Financial advice!
