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Coinbase New Public Sale Platform Rule: Prioritize Small Buyers' Allocation, Users Selling Within 30 Days Will Receive Reduced Allocation Weight in Future
BlockBeats News, November 10th, Coinbase officially announced that its first token sale (Monad) will be held from November 17th to 22nd. Differing from the typical "first come, first served" model that fails to reach the genuine community, the platform's sale design adheres to the "fair to the majority" principle, featuring:
· "Bottom-up" distribution mechanism: The algorithm prioritizes ensuring that small buyers receive a full allocation, then allocates in increasing order based on the purchase amount until the quota is sold out, effectively preventing whales from monopolizing.
· Flexible purchase window: Each sale sets a fixed period (e.g., one week), and users can submit purchases at any time. After the window closes, the algorithm uniformly calculates the final allocation.
· User-first principle: Genuine supporters will receive a 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 the issuer to provide project background, tokenomics, and core team information, ensuring transparency in investment decisions. The issuer and affiliates are prohibited from selling outside the public sale or secondary market within 6 months after the sale. Any special sales must be approved and disclosed by Coinbase, and a lock-up agreement ensures a gradual release of tokens after 6 months. The primary distribution platform will maintain a pace of approximately one sale per month to ensure full support from the platform and community for each event. In the coming months, upgraded features such as limit orders and priority allocation for the project's target user group will be introduced.
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