Coinbase Returns to ICOs — But Can Monad Deliver Transparency?

Coinbase is strategically returning to the token sale market by launching a regulated platform aimed at bringing structure and compliance to crypto fundraising, planning about one sale per month using an algorithm for fair allocation among verified users, with purchases made in USDC.

The first project featured will be Monad, a Layer-1 blockchain, aiming to raise $187.5 million at a $2.5 billion valuation by selling 7.5% of its total supply.

However, Monad's tokenomics have raised significant concerns among analysts due to heavy insider allocation: the founding team holds 27%, VCs hold 20%, and 38.5% is reserved for ecosystem development, leaving only 7.5% for the public. This concentration risks undermining decentralization and fairness, posing a challenge to Coinbase's goal of delivering transparency despite its regulated involvement.

(Source：BeInCrypto)