Coinbase's new public sale platform rules: Priority is given to allocating to small subscription users, and users who sell within 30 days will have their allocation weight reduced in the future.
On November 10th, Coinbase officially announced that its first token sale (Monad) will be held from November 17th to 22nd. Different from the "first come, first served" model that failed to reach the real community, the platform's sales design adheres to the principle of "inclusive to the majority", with the following characteristics:* "Bottom-up" allocation mechanism: The algorithm prioritizes ensuring that small subscribers receive full allocation, and then allocates in increasing order of subscription amount until the quota is sold out, effectively preventing large investors from monopolizing.* Flexible subscription window: Each sale sets a fixed period (for example, one week), and users can submit subscriptions at any time. After the window is closed, the algorithm will uniformly calculate the final allocation.* User-first principle: Real supporters will receive higher allocation priority. Users who sell tokens within 30 days after listing may have their allocation weight reduced in subsequent sales.In addition, Coinbase will require issuers to provide project background, token economic model, and core team information to ensure transparent investment decisions. Issuers and related parties are prohibited from selling off-exchange or in the secondary market within 6 months after the public sale. Any special sale needs to be approved and publicized by Coinbase, and the lock-up agreement ensures that the tokens are gradually released after 6 months. The new platform will maintain a rhythm of approximately 1 sale per month to ensure that each event receives full support from the platform and the community. In the coming months, upgraded functions such as limit order functions and priority allocation for project target user groups will be launched successively.[BlockBeats]
Coinbase's new public sale platform rules: Priority is given to allocating to small subscription users, and users who sell within 30 days will have their allocation weight reduced in the future.
On November 10th, Coinbase officially announced that its first token sale (Monad) will be held from November 17th to 22nd. Different from the "first come, first served" model that failed to reach the real community, the platform's sales design adheres to the principle of "inclusive to the majority", with the following characteristics:* "Bottom-up" allocation mechanism: The algorithm prioritizes ensuring that small subscribers receive full allocation, and then allocates in increasing order of subscription amount until the quota is sold out, effectively preventing large investors from monopolizing.* Flexible subscription window: Each sale sets a fixed period (for example, one week), and users can submit subscriptions at any time. After the window is closed, the algorithm will uniformly calculate the final allocation.* User-first principle: Real supporters will receive higher allocation priority. Users who sell tokens within 30 days after listing may have their allocation weight reduced in subsequent sales.In addition, Coinbase will require issuers to provide project background, token economic model, and core team information to ensure transparent investment decisions. Issuers and related parties are prohibited from selling off-exchange or in the secondary market within 6 months after the public sale. Any special sale needs to be approved and publicized by Coinbase, and the lock-up agreement ensures that the tokens are gradually released after 6 months. The new platform will maintain a rhythm of approximately 1 sale per month to ensure that each event receives full support from the platform and the community. In the coming months, upgraded functions such as limit order functions and priority allocation for project target user groups will be launched successively.[BlockBeats]
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