Coinbase reopens U.S. token sales after six-year hiatus — Monad sale draws community backlash over tokenomics; 7.5% of MON at $0.025 could raise $187.5M

Coinbase is launching a new token-sale platform to revive public crypto offerings with built-in investor protections. The platform will run about one token sale per month, each with a one-week purchase request window and algorithmic allocation to avoid first-come, first-served distribution. The inaugural sale next week will be for layer-1 startup Monad. Purchases must be made in USDC and only verified, compliant users in good standing can participate. Coinbase will vet projects and enforce post-sale restrictions, including a six-month lock on team/affiliate token sales, positioning the offering as more overseen than 2017–2018 ICOs.
AI Analysis
Coinbase is running a recurring, curated token-sale program (monthly) with algorithmic allocation and KYC-only participation, plus USDC-only purchases and a six-month team/affiliate lock; those concrete controls and Coinbase backing increase likely demand and credibility for the inaugural Monad sale.