PANews reported on November 10th that Coinbase announced the launch of its end-to-end token sale platform and will hold its first public sale (of Monad tokens) from November 17th to 22nd. The platform employs a bottom-up allocation algorithm, prioritizing smaller requests and limiting large-scale concentration; a one-week request window is set, after which allocations are determined uniformly; users who sell quickly within 30 days will have their allocations reduced in subsequent sales. The issuer and its affiliates are prohibited from OTC and secondary market sales for six months, with any exception requiring Coinbase approval and a lock-up period extending to six months. User participation is free, and the issuer raises funds in USDC and pays proportional fees. This marks the first widespread participation from US retail users since 2018.PANews reported on November 10th that Coinbase announced the launch of its end-to-end token sale platform and will hold its first public sale (of Monad tokens) from November 17th to 22nd. The platform employs a bottom-up allocation algorithm, prioritizing smaller requests and limiting large-scale concentration; a one-week request window is set, after which allocations are determined uniformly; users who sell quickly within 30 days will have their allocations reduced in subsequent sales. The issuer and its affiliates are prohibited from OTC and secondary market sales for six months, with any exception requiring Coinbase approval and a lock-up period extending to six months. User participation is free, and the issuer raises funds in USDC and pays proportional fees. This marks the first widespread participation from US retail users since 2018.
Coinbase: Monad token sale to begin November 17th
Bu içerikle ilgili geri bildirim veya endişeleriniz için lütfen crypto.news@mexc.com üzerinden bizimle iletişime geçin.
PANews reported on November 10th that Coinbase announced the launch of its end-to-end token sale platform and will hold its first public sale (of Monad tokens) from November 17th to 22nd. The platform employs a bottom-up allocation algorithm, prioritizing smaller requests and limiting large-scale concentration; a one-week request window is set, after which allocations are determined uniformly; users who sell quickly within 30 days will have their allocations reduced in subsequent sales. The issuer and its affiliates are prohibited from OTC and secondary market sales for six months, with any exception requiring Coinbase approval and a lock-up period extending to six months. User participation is free, and the issuer raises funds in USDC and pays proportional fees. This marks the first widespread participation from US retail users since 2018.
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