US crypto token sales to explode this month
The post US crypto token sales to explode this month appeared on BitcoinEthereumNews.com.
Coinbase’s new token pre-reserve platform reopens US retail participation in public token sales for the first time since regulators shut down the ICO boom in 2018. The mechanism looks familiar, with curated projects, fixed sale windows, and algorithmic allocation. Every purchase is settled in USDC, and every token launched through the platform receives a guaranteed listing on Coinbase. However, it introduces new structural constraints, such as prohibiting issuers from selling tokens on secondary markets for six months after launch. Additionally, users who flip allocations within 30 days get deprioritized in future sales. The bet is behavioral: if you punish early exits and reward patience, you can suppress the “dump-on-listing” pattern that has destroyed credibility in every previous initial exchange offering (IEO) cycle. If the incentives hold, Coinbase builds a recurring primary market for US users who behave like investors rather than airdrop farmers. If they don’t, the platform recreates the same churn dynamics in a compliance-wrapped package that regulators might still classify as unregistered securities offerings. The first test runs from November 17 to 22 with Monad, a layer-1 blockchain project. The sale window remains open for one week, and allocation is based on a bottom-up algorithm that prioritizes smaller purchase requests, progressively filling larger orders until the supply is exhausted. Coinbase charges issuers, not participants, and frames the entire structure as an “IPO-lite for tokens,” featuring disclosure-heavy listings that are guaranteed by the platform and designed to prevent insiders from exiting into retail demand. Lockup logic The issuer-side restriction is straightforward. Teams and affiliates cannot sell tokens over-the-counter or on secondary markets for a period of six months following the public sale. Any exception requires Coinbase approval, public disclosure, and a vesting structure that ensures tokens unlock only after the six-month window closes. This directly targets the playbook used…
