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Coinbase introduces platform for early digital token investments, Monad first to sell
Coinbase is launching a platform that enables individual investors to purchase digital tokens prior to their listing on the exchange, with blockchain startup Monad set to be the first project to sell tokens through the service, the Wall Street Journal reported Monday. The platform, set to host approximately one token sale per month, will employ an algorithm to allocate tokens among investors who can submit purchase requests during a specified one-week period, according to the report. Monad is one of Coinbase Ventures’ portfolio companies. The venture arm took part in Monad Labs’ $225 million Series A funding ... (full story)
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