Coinbase launched an end-to-end token sales platform that lets individuals request allocations in new tokens before listing, the company said in a blog post.
Coinbase said U.S. users can “widely participate for the first time since 2018,” with the first token sale running Nov. 17–22. Sales will open for a finite request window (e.g., one week) and allocations will be set by an algorithm that prioritizes broader distribution and limits large-buyer concentration, according to the firm.
The company added that it expects to host about one token sale per month, plans to introduce limit orders and higher allocations for target user bases, and will place sale assets on its listings roadmap. Issuers pay a fee as a percentage of the USDC received from the sale; Coinbase does not charge user participation or listing fees, the post states.