Coinbase is giving retail investors a new way to get in early.
The company announced a token sales platform that will let users buy digital tokens before they list on exchanges — the first time since 2018 that US investors can take part in public token offerings.
Each sale will run for a one-week window, with allocations decided by an algorithm to keep things fair. Buyers will use USD Coin (USDC), and only verified Coinbase users can participate.
The first launch will feature Monad, a blockchain startup offering its token next week. Coinbase says the goal is to help projects reach real users while avoiding 2017-style speculation. To avoid 2017-style “dump and run,” early sellers get reduced future allocations, and project teams can’t sell for 6 months.
$COIN shares rose about 4% on the news, as investors saw it as a smart move to diversify revenue and revive retail excitement in crypto.
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