Morning Minute: Coinbase Leans in to ICOs, Monad Up First

Coinbase is launching its own ICO platform, starting with Monad's token sale, which marks a significant return of public token launches for U.S. retail investors since 2018. The platform will host monthly sales, with the Monad sale scheduled from November 17 to 22. Users will be able to purchase tokens directly in USDC, and allocations will favor smaller orders to ensure wider access. Tokens purchased will be listed on Coinbase immediately after the sale, providing liquidity and visibility for new projects. This move suggests a revival of ICOs as teams prefer raising funds through token sales rather than airdrops. Monad's strategy includes allocating a portion of tokens for both an airdrop and a token sale, illustrating a mixed approach to community engagement. This reflects a shift toward ICOs being the preferred method for funding within the crypto ecosystem going forward. Coinbases acquisition of the Echo platform further supports this initiative, highlighting its commitment to a compliant and transparent token sales process.

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