Coinbase's new public sale platform rules: Priority will be given to those who subscribe with small amounts; users who sell within 30 days will have their allocation weight reduced in the future.

On November 10th, Coinbase officially announced that its first token sale (Monad) will be held from November 17th to 22nd. Unlike the "first-come, first-served" model that fails to reach the real community, this platform's sales design adheres to the principle of "benefiting the majority," featuring: * **Bottom-up allocation mechanism:** The algorithm prioritizes small subscribers, ensuring full allocation, followed by incremental allocation based on subscription volume until the quota is sold out, effectively preventing large-scale monopolies. * **Flexible subscription window:** Each sale has a fixed period (e.g., one week), allowing users to submit subscriptions at any time. After the window closes, the algorithm calculates the final allocation. * **User priority principle:** Genuine supporters will receive higher allocation priority. Users who sell tokens within 30 days of listing may have their allocation weight reduced in subsequent sales. Furthermore, Coinbase will require issuers to provide project background, token economic model, and core team information to ensure transparency in investment decisions. Issuers and related parties are prohibited from selling tokens off-exchange or on the secondary market for six months after the public sale ends. Any special sale requires Coinbase approval and public disclosure, and the lock-up agreement ensures that tokens will be released gradually over a 6-month period. The platform will maintain a pace of approximately one sale per month, ensuring full support from the platform and community for each event. Upgraded features such as price-limited order functionality and priority allocation to target user groups will be rolled out in the coming months.