Coinbase reopens US token sales after six-year hiatus

**Coinbase Breaks Six-Year Barrier: U.S. Retail Traders Get Mainstream Access to Public Token Sales**

Coinbase is making waves in the crypto world by granting U.S. retail traders mainstream access to public token sales, breaking a six-year barrier and reshaping American participation in the nascent crypto economy. The crypto exchange announced on November 10 that it is launching a dedicated token sales platform, with the first sale for the layer-1 blockchain Monad scheduled from November 17-22.

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**A New Launchpad for Crypto Projects**

This initiative introduces an end-to-end launchpad, handling everything from the initial sale through to secondary market listings on Coinbase’s exchange. One standout feature is an allocation algorithm that prioritizes smaller orders, promoting broader distribution and discouraging whale dominance.

“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,” Coinbase stated.

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**Setting a New Standard for Token Sales**

Coinbase aims to establish a “new standard” for how crypto projects bring tokens to market. The process includes a “request window,” typically one week, during which users can submit purchase orders at any time. Importantly, timing within this window doesn’t confer any advantage—orders submitted on the first day are treated the same as those on the last.

Once the request window closes, Coinbase’s proprietary “fill from the bottom” algorithm starts, fulfilling smaller requests completely before moving to larger ones. This approach is designed to foster a more decentralized holder base and limit asset concentration from the outset.

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**Incentives for Long-Term Supporters**

To further reinforce its community-centric approach, Coinbase offers mechanisms to reward long-term holders. The platform identifies and prioritizes “true supporters”—those who retain their token allocations instead of selling quickly after trading begins. Users who sell their allocations within the first 30 days may have reduced access to future sales.

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**Transparency and Protection for Investors**

Coinbase is also imposing rigorous requirements on token issuers. Issuers and their affiliates must adhere to a six-month lock-up period, preventing them from selling tokens on any market immediately after the sale. Any exceptions to this rule require public disclosure and Coinbase’s approval, ensuring greater transparency.

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**MON Token Sale: The First Major Test**

The Monad project will be the platform’s first major test, committing 7.5% of its total MON token supply to the public sale at $0.025 per token. This structure sets Monad’s potential fully diluted valuation at approximately $2.5 billion, with the sale poised to raise up to $187.5 million.

Monad’s co-founder, Keone Hon, expressed strong support 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,” and aligns with efforts to grow crypto beyond its core community.

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Coinbase’s new token sales platform marks a significant shift for U.S. retail investors and the wider crypto ecosystem, offering more equitable and transparent opportunities to participate in emerging crypto projects.
https://crypto.news/coinbase-reopens-us-token-sales-after-six-year-hiatus/