While people in China are accumulating deposits, making small investments, and buying new shares, North Americans are actually playing with a new type of token? That's right, a token that can be minted through new share issuance!
The x402 protocol, launched by Coinbase and represented by PING, hit a new high in market capitalization on the Base chain this morning.
Similar to previous tokens, after the project's tokens are issued, each user can spend $1 to mint them, obtaining the corresponding initial tokens and allowing them to circulate in the market.
