Coinbase Stock Rises 4.87% After New Token Sales Platform Announcement

Coinbase Launches New Token Sales Platform

Coinbase has introduced a pre-listing platform for token sales, impacting its stock positively.
The platform aims to host one token sale per month with an algorithm promoting broader distribution and limiting large purchaser concentration.
Features include prioritized access, end-to-end allocation, and future enhancements like limit orders and targeted allocations.
Monad's MON coin will debut on Nov. 17, accessible in over 80 countries including the US for the first time since 2018.
The sale specifics:
- Open from Nov 17th, 9am ET to Nov 22nd, 9pm ET
- 7.5% of total supply at $0.025 per MON
- Bid limit up to $100k
The platform ensures equitable debuts by fulfilling requests progressively from smaller to larger amounts.
Users are incentivized to hold tokens, with potential penalties for selling within 30 days.