Aleo selects Coinbase to provide Day 1 support for their token launch

Coinbase is excited to announce that Aleo Network Foundation and Aleo Network, a layer-1 blockchain that combines general-purpose programmability with the power of zero-knowledge proofs (ZKPs), has chosen Coinbase to support the day 1 launch of their native Aleo token. As the platform of choice for Aleo investors, this relationship will enable retail and institutional clients  to engage with the Aleo Network through a suite of integrated product offerings provided by Coinbase, including custody, staking, trading, and Learning Rewards. 

Note that this does not constitute a listing of this asset (or any intention to list this asset in the future) on Coinbase Exchange.

What is Aleo?

Aleo is a layer-1 blockchain that utilizes zero-knowledge proof technology to enable the development of decentralized applications (dApps) with a focus on privacy. Zero-knowledge proofs are used within the Aleo platform to allow transactions to be verified without disclosing any transaction details. This method provides privacy to users while maintaining the integrity of the network. The native Aleo token is central to the network's operations, supporting various activities and functions within the ecosystem.

Aleo will leverage Coinbase's full suite of industry-leading products

• Custody: Coinbase provides custody support for the Aleo token, enabling institutions to securely custody their tokens through Coinbase Prime, our leading institutional prime broker platform trusted by the largest institutional clients globally. As a qualified custodian, Coinbase Prime offers the security and compliance needed to protect digital assets at scale.

• Staking: Clients can stake and delegate their Aleo tokens directly to Coinbase validators, participating in the Aleo Network with confidence. Our reliable infrastructure provides enterprise-grade security and a 99% uptime guarantee, minimizing operational risk so that your assets continue to earn rewards.

• Trading: Through Coinbase Prime, institutional clients can access deep liquidity and efficient trading of the Aleo token on a secure platform. Coinbase’s advanced trading tools and execution capabilities allow for seamless buying, selling, and managing of Aleo token positions.

• Learning Rewards: Coinbase Learning Rewards offers retail users the opportunity to earn rewards by completing educational modules and tasks related to cryptocurrencies and blockchains. Aleo will be seamlessly integrated into our Learning Rewards program, providing educational content and incentives for users to engage with and better understand the Aleo network. This initiative will also guide users onchain with a non-custodial wallet and encourage participation in onchain actions.

Why Coinbase for day 1 support?

Aleo sought a platform committed to innovation and support for emerging technologies like zero-knowledge proofs. After a thorough evaluation process, Aleo chose Coinbase to facilitate the launch and help advance its mission of privacy and scalability in dApps. Aleo's decision to tap Coinbase for support reflects our commitment to innovation, security, and delivering comprehensive support for protocols, institutional investors, and retail investors. 

"We chose Coinbase because of their unmatched experience and robust infrastructure. Their integrated product offerings are exactly what we need to support the successful launch and long-term growth of the Aleo Network," said Alex Pruden, CEO of Aleo.

Disclaimer

This document is intended only for sophisticated investors; it is for informational purposes only and does not constitute the provision of investment advice. Client assumes full responsibility for its trading activity and should consult its advisors for its specific situation. Coinbase is not registered as an investment advisor and Coinbase assumes no liability, obligation, or responsibility for client decisions regarding its Coinbase Prime Broker Account. Please consult your Coinbase Prime Broker Agreement and www.coinbase.com/Prime for additional details. 

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