"At CoinList we believe that decentralization will transform society, much like the Internet did over the past few decades. CoinList’s mission is to support the most innovative crypto projects to launch their networks, empower early adopters to participate in these protocols, and to grow the blockchain ecosystem."
—Scott Keto, COO, CoinList
CoinList is a cryptocurrency exchange that provides a platform for digital asset companies to launch their tokens, and for early adopters to access new tokens before they list on other exchanges.
CoinList was founded in 2017 as a joint venture between AngelList and Protocol Labs (the group behind Filecoin) to create a secure, compliant platform for innovative new token projects to conduct their token sales. Filecoin was the first company to run their token sale through CoinList. Following Filecoin, CoinList supported many other innovative projects, including Flow, NEAR, Solana, Algorand, and Dfinity.
In early 2020, CoinList was looking for an infrastructure provider that would enable them to offer their community a secure, seamless staking experience through their platform. After a comprehensive review process, they decided that Bison Trails was the right provider because of its technical and protocol expertise.
"CoinList engages a large number of new protocols across the industry. Without a partner like Bison Trails, we would not be able to support nearly the same breadth of network participation for our customers. Their professionalism and dedication to supporting networks immediately at launch is unparalleled in the industry. They have emerged as an early leader among staking‐as‐a‐service providers.
Staking and network participation is critical to the successful growth of new blockchain networks. With the help of Bison Trails, CoinList provides seamless access for users to earn protocol rewards for their network participation and at the same time improve the network security for these novel blockchains."
—Scott Keto, COO, CoinList
With Bison Trails’ infrastructure and protocol expertise, CoinList can further empower their community to participate in innovative networks, helping increase decentralization, and supporting their growth and adoption beyond the initial launch.
The NuCypher WorkLock is a great example of how Bison Trails and CoinList collaborated to support a network through a critical growth cycle.
Bison Trails and CoinList collaborated to offer the CoinList community an opportunity to participate in the NuCypher WorkLock, benefiting the community and the network.
NuCypher enables cryptographic infrastructure for privacy‐preserving applications and secure data storage. It was designed to help data owners to securely share their data with any number of users in a secure manner using a decentralized Key Management System (KMS).
The NuCypher WorkLock, which ran between September 2020 and April 2021, was an important step in the adoption and success of the NuCypher protocol. The WorkLock, a novel node distribution mechanism used to launch the NuCypher network, allowed participants to lock ETH to a smart contract, receive NU tokens, run NuCypher (Ursula) nodes, and receive fees and rewards. Participants could also get their ETH back after six months.
The WorkLock was designed to get tokens into the hands of participants who would contribute useful work to the network, increase the number of nodes on NuCypher, and generally contribute to its growth and decentralization. A total of 22.5% of the initial NU supply was distributed through the WorkLock.
CoinList saw strong demand from their community to participate in the WorkLock. Powered by Bison Trails’ secure, intuitive validator infrastructure, even non‐technical users were able to participate in the WorkLock via CoinList.
The CoinList platform continues to grow and see adoption.
Empowering a secure, seamless participation and staking experience is critical to advancing CoinList’s mission of supporting innovative networks. However, companies that offer blockchain products and services also require a different type of infrastructure—read/write nodes—to accurately track and record activity that takes place on a blockchain.
Read/write nodes are critical for CoinList, as the networks they support continue to grow and scale, and total value of assets on the platform increases. CoinList uses Bison Trails’ Query & Transact read/write infrastructure to help verify on‐chain transactions and information for the Flow and Oasis networks. With Query & Transact, CoinList can easily track and verify their user transactions and account balances, ensuring that transactions are processed and recorded accurately on the blockchains. Query & Transact also serves the data through an API, making it extremely easy for CoinList to query the information for reporting and analysis purposes.
The crypto ecosystem is seeing rapid growth, with the number of new, innovative networks and participants growing every day. CoinList plays the important role of supporting both. It provides a platform to accelerate the adoption of these new networks, as well as a secure platform for crypto users and enthusiasts to discover and participate in these networks. It can only serve this important role with solid blockchain infrastructure.
Bison Trails is proud to support CoinList with secure, reliable infrastructure to help them realize their vision, and advance the crypto ecosystem.
Bison Trails is a blockchain infrastructure platform-as-a-service (PaaS) company based in New York City. We built a platform for anyone who wants to participate in 21 new chains effortlessly.
We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 33 protocols with Query & Transact (QT). Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.
In January, 2021, we announced Bison Trails joined Coinbase to accelerate our mission to provide easy-to-use blockchain infrastructure, now as a standalone product line. The Bison Trails platform will continue to support our customers. With Coinbase’s backing, we will enhance our infrastructure platform and make it even easier to participate in decentralized networks and build applications that connect to blockchain data.
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