Coinbase Custody has enabled deposits and withdrawals for Rally's RLY token. Amid the latest wave of political censorship, Rally takes on larger tech companies and helps freelance content creators monetize their work.
Coinbase catalyst for big increases
Rally joins Coinbase's escrow service. It is the second project to be included on the platform in 2021, the first being BarnBridge. Coinbase Custody offers institutional investors the ability to store their crypto assets securely.
RLY is a governance token that can be used to vote for community proposals and transact on the Rally Network. Each community on the network has its own unique creator coin backed by the RLY token.
Additionally, users can use RLY in liquidity mining pools to farm RLY tokens. They can then convert these tokens into creator coins as they wish.
Since joining the platform, Rally has witnessed an increase in the price of its native government RLY token. At press time, the token was trading at $ 0.34, up 10.5%.