[ad_1]
Important US-based cryptocurrency and exchange service portfolio Coinbase has withdrawn its "BUIDL" trademark application. The official status of the application was changed to "abandoned" on Wednesday, December 19, according to the US Patent and Trademark Office. (USPTO) website.
According to USPTO data, the trademark application is no longer active due to the deposit of an express abandonment by Coinbase on December 14th.
Coinbase presented for the first time a "BUIDL" trademark application on 2 October. The intentionally incorrect word "buidl" refers to a community cryptocurrency concept that involves building products as a way to support industry, as opposed to simply cryptocurrency as an investor.
The term is analogous to the well-known cryptic term "hodl", which means to hold cryptocurrency rather than sell it, regardless of price movements.
Following Coinbase's offerings to the "BUIDL" brand at the beginning of December, the company's Chief Technical Officer, Balaji Sr. Srinivasan, named is a "100% defensive deposit", specifying:
"… the team was not going to stop the community from using it, it was thought of as a feature called Coinbase BUIDL and they did not want to attract patent trolls for a common term."
The brand demand sparked negative reactions on Twitter, some of which in the crypto community claim that the term "BUIDL" was already widely Used before the Coinbase deposit.
Since December 10, Coinbase has launched new offers and initiatives in the "12-day Coinbase" promotional campaign, cited with reference to a traditional Christmas song. On December 14th, the exchange introduced fiat withdrawals to the PayPal payment service, while on December 17th the exchange launched its new "Convert" service. The new feature allows customers to convert between Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), 0x (ZRX) and Bitcoin Cash (BCH).
[ad_2]Source link
