Coinbase, one of the world’s largest cryptocurrency exchanges, announced that it will list the SEAM token of decentralized lending and borrowing platform Seamless Protocol.

SEAM will be the first Base-based token to be listed on Coinbase. The listing will take place today at 1PM ET.

Base is a layer-2 network launched by Coinbase in August. After a fast start, Base quickly surpassed $400 million in total locked asset value (TVL) on the network. Today, it is over $300 million in this sense. Seamless is also among the top 10 projects with the highest TVL on Base.

Airdropped to more than 5k users

Seamless, which did not make any public or private token sales, instead gave airdrops to its users. Of the total supply of 100 million SEAM tokens, 69% was allocated to the community. The rest will be split between ecosystem support and foundation (20%), core contributors (8%) and community contributors (3%).

The snapshot for the airdrop was taken on December 8th. Accordingly, more than 5,000 Seamless users will be able to benefit from the airdrop. Eligible tokens can be claimed at any time over the next 3 months.