Coinbase: Token issuers and their affiliates will be prohibited from selling held tokens for 6 months

According to The Wall Street Journal, the Coinbase token sale platform will allow a select group of investors to gain early access to new cryptocurrencies before they are available for trading on its main exchange, but the platform aims to limit asset concentration among large buyers. Token issuers and their affiliates will be prohibited from selling their held tokens for a period of six months.

A spokesperson for Coinbase stated that the crypto project Monad, which operates its own blockchain network, will be the first company to issue tokens through the platform, with the issuance scheduled for later in November. The exchange plans to subsequently list all tokens launched on the new platform for trading on its main exchange, with approximately one issuance planned each month.