Coinbase has officially launched a new platform aimed at streamlining the process for token sales, focusing on improved transparency and structure. This initiative is designed to tackle persistent issues that token issuers encounter, particularly in fostering broad user engagement while sustaining market liquidity.
The inaugural token sale is set to occur from November 17 to November 22, with plans to continue hosting sales approximately once a month thereafter. According to Coinbase representatives, the platform seeks to ensure equitable access for retail traders, marking a significant shift as US-based retail users can participate in public token sales for the first time since 2018.
In contrast to the traditional “first-come, first-served” approach common in earlier token offerings, Coinbase”s new allocation method gives priority to smaller requests over larger ones. This strategy aims to widen participation among users. Each sale will operate within a designated timeframe, typically lasting one week, after which an algorithm will determine the final distribution of tokens.
Coinbase officials highlighted that users who retain their purchased tokens for an extended period may receive preferential allocation in subsequent sales. This measure is intended to incentivize committed participation rather than speculative trading. On the issuer side, the platform mandates comprehensive disclosures regarding tokenomics, project specifics, and information about the teams behind the projects.
Furthermore, issuers and their affiliates will face a six-month restriction on selling tokens, including over-the-counter and secondary market transactions. Coinbase will oversee and disclose any such activities to maintain transparency. Users will not incur participation fees, although issuers will be charged a percentage-based fee on the funds raised in USDC.
Looking ahead, Coinbase anticipates expanding the platform”s offerings, potentially including limit orders and tailored allocation tools for specific user demographics. This evolution signifies a noteworthy step in the ongoing maturation of the cryptocurrency market.
