On November 7th, Leonidas, the founder of Runestone, posted an open letter to
Coinbase on the social platform X. Leonidas pointed out in the letter that although
Coinbase CEO Brian Armstrong announced the implementation of the "free listing" policy on November 2nd, the DOG community tried to communicate with Coinbase many times without a response. He emphasized that DOG is the number one meme coin on the Bitcoin network, with a market value of 980 million US dollars, and it is completely operated by the community. There is no pre-sale or team allocation.
The open letter makes two core demands:
The first is to require Coinbase to clarify the specific issues hindering DOG listing.
The second is to explain Coinbase's listing criteria in detail to ensure the transparency and fairness of the process.
Leonidas called on Coinbase to improve its AssetHub process so that it can be truly inclusive of all decentralized and fairly distributed Meme coin communities. In addition, Leonidas also suggested that Coinbase reconsider its listing requirements, arguing that the current process may not be conducive to truly decentralized token projects. He said that the listing of DOG will bring mutually beneficial opportunities for both parties and help expand the influence of the decentralized Meme coin market.