[Coinbase: Monad Token Sale to Begin on November 17] Coinbase has announced the launch of an end-to-end token sale platform and will host its first public sale (Monad Token) from November 17 to November 22. The platform utilizes a 'bottom-up' allocation algorithm, prioritizing small requests and limiting concentration among large holders. A one-week request window will be set, and allocations will be determined uniformly after the window closes. Users who sell quickly within 30 days will have reduced quotas in subsequent sales. Issuers and affiliated parties are prohibited from OTC and secondary market sales within six months, with any exceptions requiring Coinbase approval and being locked until six months later. Users will not be charged fees for participation, while issuers will raise funds in USDC and pay proportional fees. This marks the first broad participation by U.S. retail users since 2018.