Coinbase Debuts Token Sale Platform with Monad’s MON Launch

Coinbase’s First Token Sale Kicks Off with Monad’s MON Launch

Coinbase has officially unveiled its new token sale platform with the launch of Monad’s highly anticipated MON token. The public sale will start on November 17 at 9 a.m. ET and last until November 22, giving users in over 80 countries, including the U.S., an opportunity to join. It is the first-ever project sale that the platform hosts, indicating a significant move in the direction of regulation and transparent distribution of tokens.

Monad Launch Marks Coinbase’s First Token Sale

Monad will sell 7.5% of all 100 billion MON it has out in the market at a fixed price of $0.025 a token. The minimum and maximum prices that a participant can bid are $100 and $100,000, respectively, and both retail and institutional investors are allowed. The sale will end shortly before the mainnet launch to the public on November 24, in line with the schedule to roll out the project.

SOURCE: X

According to the Monad Foundation, the distribution model provides 38.5% of tokens to the ecosystem development, 27% to the team, and 19.7% to investors. At the same time, 4% will fall into the Category Labs Treasury. All team and investor allocations will remain locked from the mainnet’s launch, following structured vesting schedules to ensure long-term alignment with the network’s growth.

Coinbase Expands Reach into Project Offerings

Coinbase described its new platform as an “end-to-end project sales system,” enabling verified users to access initial offerings directly through its exchange. The move follows Coinbase’s $400 million acquisition of Echo and Sonar, two crowdfunding platforms created by trader Jordan “Cobie” Fish. By integrating these technologies, the firm aims to simplify launches while ensuring regulatory compliance and accessibility.

The partnership underscores the increasing investor trust in next-generation Layer 1 networks. In 2022, the blockchain was founded to develop a high-speed, EVM-compatible blockchain that is able to match Solana's performance but preserve the Ethereum level of decentralization. Its introduction via Coinbase's platform could establish a new paradigm of publicly selling via exchange with transparency and extensive participation.