Overview
- Coinbase will run roughly one public token sale each month, letting verified users request allocations during a one‑week window paid in USDC.
- Allocations will be set by an algorithm that favors long‑term supporters, with smaller future allocations for users who sell within 30 days of listing.
- Monad is the inaugural sale on Nov. 17 with 7.5% of supply priced at $0.025 per MON, ahead of a planned Nov. 24 mainnet launch and a 3.3% airdrop about a week later.
- Investor safeguards include project vetting and a six‑month selling lockup for teams and affiliated parties, plus no fees for buyers and issuer fees based on USDC raised.
- The launch follows Coinbase’s acquisition of Echo for on‑chain fundraising and coincided with a roughly 4% rise in Coinbase shares, with assets from sales added to the exchange’s listings roadmap.