Overview
- The platform will run roughly one sale each month, with a one-week request window and an algorithm that determines allocations instead of first come, first served.
- Only fully verified users in good standing can participate, and purchases settle in USDC, with access available in most regions at launch and expansion planned.
- Coinbase says projects will be vetted on demand, team credibility, token economics and vesting terms, and CoinDesk reports a six-month lockup for project teams and affiliates after the sale.
- The Wall Street Journal reports that Monad is expected to be the first token offered next week on the new platform.
- Coinbase plans to add features such as limit orders and issuer-targeted allocations in coming months, and shares rose about 4% following the announcement.