Jeff Dorman, Chief Investment Officer at Arca, a leading digital asset management firm, has predicted that Coinbase will launch a Base token in the future on its Base blockchain network, and issue dividends to all $COIN stockholders. Coinbase will take steps to force shareholders to create a crypto wallet on Coinbase to claim these dividends.
Dorman’s prediction seems plausible given that every blockchain network has launched native tokens in the past, either with network launch or after their network’s adoption. There are currently 3-4 $Base tokens trading in the crypto space but they are not affiliated with Coinbase and are scams created by bad actors.