Coinbase Launches Monthly Digital Token Offerings Platform
- Coinbase will introduce a new platform for digital token offerings, with sales occurring monthly.
- The first sale features Monad, a layer-1 network, offering up to 7.5% of its total supply starting November 17.
- An algorithm will allocate tokens, favoring loyal buyers who hold their tokens for over a month.
- Investors can submit purchase requests using the USDC stablecoin, with no fees charged to participants.
- Monad aims to raise approximately $187.5 million by selling tokens at $0.025 each, assuming full sell-out.
Coinbase’s new platform is designed to ensure sustainable token distribution by prioritizing real users and loyal investors in its allocation process. This initiative allows U.S.-based individual investors to participate without incurring fees, potentially broadening access to emerging blockchain projects like Monad.
With Monad’s public sale set for November and its mainnet launch following shortly after, this platform could significantly expand the reach of new crypto projects beyond niche communities. (Source)
