On Monday, Coinbase (COIN) announced the launch of a new platform that will enable retail investors to purchase digital tokens before they are officially listed on the cryptocurrency exchange. This initiative aims to provide “equitable access” to a broader range of tokens, ensuring clear disclosures and transparent terms for users.
Unlike traditional “first-come, first-served” sales that often fail to engage a project’s true community, Coinbase’s new token sale design prioritizes equitable access for many, rather than favoring a select few.
Coinbase has emphasized its commitment to user-centric design, stating that the new sales model rewards genuine supporters with higher allocation priority.
Users who sell their tokens shortly after listing—specifically within the first 30 days—may receive smaller allocations in future sales, thereby prioritizing access for “true enthusiasts of the projects.”
The Layer 1 (L1) blockchain Monad project is set to offer its highly anticipated MON token on this platform for the first time next week, between November 17 and 22.
In its announcement, Coinbase stated that this initiative aims to address the challenges faced by token issuers in distributing their tokens to genuine users while simultaneously building robust exchange liquidity.
Looking ahead, Coinbase has plans to enhance the token sales platform with additional features, including limit orders and greater allocations for issuers’ target user bases. This launch is described as just the beginning of a new era for token distribution.
At the time of writing, the exchange’s native token, COIN, was trading at $316—a little over 4% increase on Monday. This increase was also fueled by a recovery in broader cryptocurrency prices, with tokens like Bitcoin (BTC) and XRP leading the way.
Featured image from Shutterstock, chart from TradingView.com
