US retail investors can now purchase tokens through the Monad platform.
);)
Coinbase plans to host approximately one token sale per month, launching its Monad token sale from the 17th to the 22nd. During the sale, users can submit purchase requests, and the platform will prioritize small buyers and gradually allocate larger orders to encourage broad participation.
The company stated that it may reduce future allocations for users who quickly sell their newly acquired tokens. The algorithm is designed to promote fair distribution and limit speculative dumping. Participants must have a verified Coinbase account and meet platform compliance requirements, and purchases will be settled in USDC, the dollar-denominated stablecoin issued by Circle.
Projects launched through Coinbase are subject to a six-month lock-in period, and founders and affiliates cannot sell tokens on secondary markets or over-the-counter (OTC) without Coinbase approval. Participation is free for buyers, but issuers are charged listing fees and fees based on the amount of USDC raised.
This platform launch marks one of the first widespread opportunities for US retail investors to participate in public token sales in recent years. During the ICO boom of 2017-2018, blockchain projects sold new tokens to the public to fund development, raising over $13.7 billion (KRW 20.7461 trillion) through the first half of 2018.
However, ICOs have declined since 2018 due to increased regulation, increased investor losses, and a market decline. In 2017, the U.S. Securities and Exchange Commission (SEC) suggested that some tokens could be subject to U.S. securities regulations, and Ernst & Young analyzed over 140 major ICOs and found that 86% of tokens traded below their launch price, with approximately one-third losing virtually all their value.
Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr
