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Coinbase to Launch Retail Token Sale Platform Featuring Monad ICO

Coinbase to Launch Retail Token Sale Platform Featuring Monad ICO

Coinbase begins public sale of Monad’s MON tokens at 0.025 USDC each, offering 7.5% of supply and valuing the project at $2.5 billion FDV.

USDC

Summary

Coinbase has launched the public sale of Monad’s MON token, pricing each at 0.025 USDC and selling 7.5% of the total supply. The sale gives the project a fully diluted valuation of $2.5 billion and runs until November 23, 2025, at 10:00 AM Beijing time. This inaugural offering marks the debut of Coinbase’s regulated retail token sale platform, expanding access to blockchain fundraising events for verified retail participants in the U.S. for the first time since 2018.

Terms & Concepts
  • Token Sale Platform: An online marketplace where investors can purchase new cryptocurrency tokens during fundraising events.
  • ICO (Initial Coin Offering): A fundraising method where a blockchain project sells new cryptocurrency tokens to investors.
  • Fully Diluted Valuation (FDV): The market capitalization of a cryptocurrency if all possible tokens were in circulation.