Coinbase launches Monado, an ICO platform for retail investors

Coinbase, the largest cryptocurrency exchange in the United States, has relaunched its initial coin offering (ICO) platform for retail investors.
This will be the first time the market has reopened in about seven years since 2018. This is expected to allow retail investors in the United States to once again participate in the initial sales market for crypto assets.
Coinbase will launch its first token sale on the 17th of this month. The first wave will be targeted at blockchain projects.
The sale period for "Monad" is from the 17th to the 22nd. To participate in the ICO, you must complete KYC on Coinbase. The purchase currency is
The stablecoin USDC will be used, and initial sales projects will have a six-month "lockup" period. During this period, project founders and stakeholders will be able to hold the coins.
Coinbase said on the 10th (local time) that "the new platform will allow users who sell short-term tokens after the distribution to receive future tokens."
"We have designed an algorithm that will make distribution more fair and curb excessive speculation," he said.