Coinbase Ignites Crypto Markets with Monad’s MON Token Launch on New Sales Platform
Coinbase just dropped a match in the dry tinder of crypto speculation—launching its new token sales platform with Monad's MON.
Why this matters: The exchange's move could funnel fresh capital into altcoins—or just give Wall Street another playground for pump-and-dump schemes dressed as innovation.
Key details: Zero original data provided—but expect the usual frenzy of retail FOMO meeting institutional accumulation.
Bottom line: Another day, another token. The real question? Whether this one survives the hype cycle longer than a meme coin's Twitter lifespan.
Coinbase’s Entry Into Token Sales
Coinbase unveiled its “end-to-end token sales” platform on Monday – a new initiative aimed at bridging traditional crowdfunding with regulated crypto offerings. The move follows Coinbase’s $400 million acquisition of Echo and Sonar, token sale platforms built by prominent crypto trader Jordan “Cobie” Fish.
Monad’s sale marks the platform’s first major launch. The Monad Foundation confirmed that the MON sale will be conducted through its subsidiary MF Services (BVI) Ltd., and that the Monad mainnet will officially go live on November 24, just two days after the sale ends.
Tokenomics and Lockup Details
Monad’s tokenomics plan, released alongside the announcement, outlines a carefully structured vesting schedule. While the airdrop (3.3%) and public sale (7.5%) allocations will unlock immediately, all tokens for team members, investors, and the treasury will remain locked from day one of mainnet launch.
Roughly 50.6 billion tokens (50.6%) will be locked initially and cannot be staked. The Monad Foundation will oversee long-term resource management through grants, validator delegation programs, and targeted ecosystem incentives.
Building the Future of High-Speed DeFi
Founded in 2022, Monad has raised $225 million to develop its EVM-compatible blockchain, positioning itself as a high-performance alternative to Ethereum. With its first public sale now imminent and Coinbase as its launch partner, Monad enters a new phase – one that could place it at the forefront of the next generation of scalable DeFi platforms.
