Morning Minute: Coinbase Leads ICO Monad Leads

Today's Top News:

• Crypto giants plunge overnight; BTC fell -1% to $104,800

• Coinbase unveiled the Coinbase Token Sales ICO platform, will host the MON sale

• Monad shared tokenomics and public sale details for MON ($2.5B fdv)

• Uniswap plans to turn on the fee switch, spend 100 million UNI tokens (UNI +20%)

• The US Treasury and IRS released guidelines to simplify staking for ETFs

🚀 Coinbase launched its Token Launchpad, with Monad leading the way

Coinbase is delving even deeper into the Token Launchpad.

And Monad will be the first to benefit.

📌 What happened

Coinbase recently launched a new "Coinbase Token Sales" platform, a regulated and transparent way for retail users to purchase new tokens directly through the app.

Coinbase is effectively relaunching public token launches to US retail for the first time since the ICO boom of 2017.

In a nutshell:

• The platform will hold monthly sales from November 17-22, starting with Monad's MON token.

• Users can submit purchase requests in USDC over a one-week period, with allocations determined by a "bottom-up" algorithm that fills smaller orders first to maximize distribution.

• Purchased tokens will be automatically listed on Coinbase after the sale, providing projects with immediate liquidity and visibility.

• Users who sell within the first 30 days of a token launch may be penalized for future distributions.

• This is a clear sign that ICOs (Initial Coin Offerings) are making a full-fledged comeback in the crypto sector.

• Every major protocol and/or app is expected to conduct some form of ICO in the near future.

• And this will likely be at the expense of an airdrop.

• Providing tokens to buyers through an ICO makes far more sense than giving away tokens to users for free through an airdrop.

• Both are methods of community building, but one involves gaming and the other does not.

• Monad is a perfect example of this. They set aside 3.3% of their token supply for an airdrop (liberally distributed throughout Connecticut) and 7.5% for their token sale.

•

• "We've created an ideal way to launch a token sale – transparent, fair, and compliant." – Coinbase Blog

• "This is the first broad-based, retail-accessible token sale in the US since 2018." - Company statement

• "We are pleased to make MON our first listing, which will bring Monad's high-throughput technology to millions of new users." - Coinbase announcement