Coinbase、Monad 和代币销售的未来：新时代？

Coinbase 的新代币销售平台以 Monad 启动，可能会重塑散户投资者访问加密项目的方式。这是代币销售新时代的开始吗？

Coinbase's foray into regulated token sales, starting with Monad's $MON token, marks a significant shift in crypto fundraising, potentially opening doors for wider retail participation and a more sustainable ecosystem. Is this the beginning of something big?

Coinbase 从 Monad 的 $MON 代币开始进军受监管的代币销售，标志着加密筹款领域的重大转变，可能为更广泛的零售参与和更可持续的生态系统打开大门。这是大事的开始吗？

Coinbase Enters the Token Sale Arena

Coinbase 进入代币销售领域

Coinbase has officially launched its token sale platform, signaling a new era for digital asset distribution. This platform aims to bridge the gap between traditional crowdfunding and regulated crypto offerings, providing a safer and more accessible way for retail investors to participate in token sales. The move comes after Coinbase acquired Echo and Sonar, token sale platforms built by prominent crypto trader Jordan “Cobie” Fish, for $400 million. This positions Coinbase as a key player in shaping the future of token distribution.

Coinbase正式推出代币销售平台，标志着数字资产发行的新时代。该平台旨在弥合传统众筹和受监管的加密货币产品之间的差距，为散户投资者参与代币销售提供更安全、更便捷的方式。此前，Coinbase 以 4 亿美元收购了著名加密货币交易商 Jordan “Cobie” Fish 建立的 Echo 和 Sonar 代币销售平台。这使得 Coinbase 成为塑造代币发行未来的关键参与者。

Monad: The First Token on the Block

Monad：区块上的第一个代币

Monad, a high-speed Layer 1 blockchain, is the first project to launch its $MON token on Coinbase's new platform. The sale, running from November 17th to November 22nd, offers 7.5% of the total $MON supply at a fixed price of $0.025 per token. With a minimum bid of $100 and a cap of $100,000, the sale is accessible to users in over 80 countries, including the United States. This marks the first time since 2018 that U.S. retail investors have widespread access to public token sales. The Monad mainnet is scheduled to launch on November 24th, just two days after the sale concludes.

Monad 是一个高速第 1 层区块链，是第一个在 Coinbase 新平台上推出 $MON 代币的项目。此次销售从 11 月 17 日持续到 11 月 22 日，以每个代币 0.025 美元的固定价格提供了 MON 总供应量的 7.5%。最低出价为 100 美元，上限为 100,000 美元，包括美国在内的 80 多个国家/地区的用户均可参与此次销售。这标志着自 2018 年以来美国散户投资者首次广泛参与公开代币销售。 Monad 主网计划于 11 月 24 日启动，即销售结束两天后。

What Makes Monad Special?

是什么让 Monad 如此特别？

Founded in 2022, Monad has raised $225 million to develop its EVM-compatible blockchain. It aims to deliver Solana-level performance while maintaining Ethereum compatibility, positioning itself as a high-performance alternative to Ethereum. Monad's tokenomics plan includes a carefully structured vesting schedule, with tokens for team members, investors, and the treasury locked from day one of the mainnet launch. This demonstrates a commitment to long-term sustainability and ecosystem growth.

Monad 成立于 2022 年，已筹集 2.25 亿美元用于开发其与 EVM 兼容的区块链。它的目标是提供 Solana 级别的性能，同时保持以太坊兼容性，将自己定位为以太坊的高性能替代品。 Monad 的代币经济学计划包括一个精心设计的归属时间表，从主网启动的第一天起，团队成员、投资者和金库的代币就被锁定。这表明了对长期可持续性和生态系统发展的承诺。

A User-Centric Approach to Token Sales

以用户为中心的代币销售方法

Coinbase's new platform prioritizes fair distribution through a unique algorithm designed to prevent asset concentration. The

Coinbase 的新平台通过旨在防止资产集中的独特算法优先考虑公平分配。这