**Coinbase Breaks Six-Year Barrier: U.S. Retail Traders Gain Mainstream Access to Public Token Sales**
Coinbase is ushering in a new era for U.S. retail traders, granting mainstream access to public token sales for the first time in six years. This groundbreaking move, beginning with the Monad blockchain project, is set to reshape American participation in the evolving crypto economy.
**Launching a Dedicated Token Sales Platform**
On November 10, Coinbase announced the launch of a dedicated token sales platform. The initiative will kick off with the first sale for Monad, a layer-1 blockchain, scheduled from November 17-22. Designed as an end-to-end launchpad, Coinbase’s platform manages distribution from the initial sale directly to a secondary market listing on its exchange.
A standout feature is its allocation algorithm, which prioritizes smaller purchase orders to promote broader distribution and deter dominance by large “whale” investors. Coinbase explained, “Our algorithm is designed to promote broader distribution and limit asset concentration among large purchasers. This will typically result in more complete allocation for participants requesting the lowest amounts, while progressively filling larger requests until the supply is exhausted.”
**A New Standard for Token Sales**
Coinbase’s re-entry into U.S. token sales comes with a carefully crafted framework, described by the exchange as a “new standard” for project launches. Key aspects include:
– **Request Window:** Users have a set period—one week for the Monad sale—to submit purchase orders. Timing within the window does not affect priority, meaning orders placed on the first or last day are treated equally.
– **“Fill from the Bottom” Algorithm:** After the request window closes, smaller orders are systematically filled in full before larger ones, promoting wider and more decentralized token distribution.
– **Rewarding Long-Term Holders:** To foster a community of true supporters, Coinbase’s platform will favor users who hold their token allocations beyond the initial 30 days. Those who sell immediately may see reduced allocations in future sales on the platform.
**Increasing Transparency and Accountability**
Coinbase is also implementing stricter requirements for token issuers. These include a mandatory six-month lock-up period for issuers and their affiliates, preventing immediate sales on secondary markets or over-the-counter after the token sale. Any exceptions must be publicly disclosed and approved by Coinbase.
**MON Token Sale: The First Major Test**
The efficacy of Coinbase’s new system will be tested with the upcoming Monad token sale. The Monad project is committing 7.5% of its total MON token supply to the public at $0.025 per token, setting a potential fully diluted valuation of roughly $2.5 billion. The sale could raise as much as $187.5 million.
Monad co-founder Keone Hon expressed enthusiasm for the initiative, stating that the public sale could “extend the reach of Monad by extending the distribution of MON into the hands of millions of regular people,” helping crypto move beyond its traditional audience.
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*Coinbase’s innovative platform signals a significant step forward in democratizing access to token sales, with a strong focus on fairness, decentralization, and transparency.*
https://bitcoinethereumnews.com/tech/coinbase-reopens-us-token-sales-after-six-year-hiatus/
