Coinbase Global has unveiled a new, dedicated public token sales platform. This pivotal launch marks the first widespread opportunity since 2018 for users in the United States to participate in these early-stage offerings. The relocation deals with the challenge encountering by issuers to attain wide spread of tokens and profound exchange liquidity. Coinbase focuses on changing the standard in the industry.
The crypto exchange will strive to conduct about one token sale per month on the platform. Monad is the first Layer 1 blockchain with high performance. In addition, the site is accessible instantly to individual investors in most parts of the world. The initial sale that involves the MON token by Monad is expected to start soon.
Algorithm gives emphasis to Long-Term Token Buyers.
The investors will provide their purchase requests in the USDC stablecoin. This time frame will last one week in this submission window. After that, the final distribution of the tokens among the participants will be established with the help of an algorithm. This system is made to come up with the real long-term token owners.
The algorithm rewards customers who are willing to make the project successful. In this regard, the allocations of the users who sell their allocated tokens within 30 days of listing date can be smaller in future allocations. Coinbase feels that such a mechanism will create a more sustainable distribution of tokens. The platform will be free of charge to the users.
Issuers, in their turn, will be charged a percentage fee of the aggregate USDC that will be sold. This new system enables individual investors to participate including the most important individuals in the United States. The tokens that will be sold on the site will be added in the future to the official Coinbase asset listing roadmap. This gives a clear avenue of liquidity exchange.
Monad Raises up to $187.5 Million Pre-Mainnet.
The first issuer is Monad which will sell a part of its MON tokens at a price of 0.25 tokens. The projected increment of this sale is about $187.5 million provided that this sell is a complete success. The new blockchain has ensured that 7.5% of the total number of tokens will be sold. The maximum bid that can be offered is 100,000 and 100 is a minimum bid.
At this sale price, the Monad project is fully diluted (FDV) at the project level is about 2.5 billion dollars. The monad official token generation and the mainnet are both set to happen on November 24. This is one week following the sale closure of Coinbase. There will also be an airdrop of early users who will coincide with the mainnet launch.
According to Keone Hon, co-founder of Monad, the publicly sale will expand participation. He believes that he will help to expand the network to a wider group of people outside the core crypto community. This open auction would spread the dissemination of MON into the lives of millions of ordinary men, Hon said. The launch will promote mass implementation of new crypto technology.