Citing Coindesk, Coinbase (COIN) has introduced a new token sale platform designed to reboot public crypto offerings with investor protections. The platform will host one token sale per month, using an algorithm to distribute tokens equitably. The first offering will be from layer-1 blockchain startup Monad. Token purchases must be made using USDC, and only verified users can participate. Coinbase has implemented mechanisms to prevent past ICO issues, including a six-month token lock-up for project teams and pre-vetting of projects.
Coinbase Launches New Token Sale Platform to Revive ICOs with Investor Protections
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