Post by : Bianca
Haleem
Coinbase is rekindling the excitement seen during the 2017-18 cryptocurrency boom with its innovative platform, Monad. This new initiative allows retail investors to take part in digital token offerings prior to their listing on major exchanges. This could transform the landscape for everyday investors aiming to access early-stage tokens.
Monad will host approximately one token sale each month. During a week-long submission period, investors can express their purchase interest, followed by an algorithmic allocation process to ensure fairness in distribution.
To participate, investors need to be fully registered, compliant with Coinbase's regulations, and in good standing. Transactions will utilize USD Coin (USDC), a stablecoin linked to the US dollar. Projects are meticulously reviewed based on user demand, the team's credentials, tokenomics, and vesting schedules.
This new approach marks a significant shift for Coinbase. While trading fees have traditionally been its main source of income, diving into primary token offerings allows the company greater control over its ecosystem and opens up additional revenue avenues.
The inaugural offering on Monad is set to feature a blockchain startup, also named Monad, launching next week. With a structured approach emphasizing algorithmic allocation and stringent compliance, Coinbase aims to reduce risks while increasing retail access to early-stage token investments.
English
