Coinbase is betting big on fixing one of crypto’s oldest headaches: the initial coin offerings (ICOs) that fueled the 2017 boom and left a trail of rug pulls in their wake. However, the exchange’s latest acquisition has illustrated some of the underlying issues that still plague this aspect of the crypto market.

Coinbase has agreed to snatch up Vector, which is a Solana-based trading platform cooked up by the team behind the Tensor NFT marketplace. The deal is intended to improve Coinbase’s integration with Solana, and the exchange described Vector as a platform that “gives traders access to one of the most active, high-velocity trading ecosystems in crypto.”

At the core of both controversies associated with this latest acquisition announcement by Coinbase is the TNSR token, which is a

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