Coinbase announced on its official X platform that the first token public offering project on its platform, MON, has been successfully concluded. This public sale attracted enthusiastic participation from over 858,000 users across more than 70 countries worldwide, ultimately achieving 1.43 times oversubscription, fully demonstrating the market's strong attention and high confidence in the project. Currently, the public sale phase has been successfully completed, and the project team is accelerating final data verification and allocation calculations. The specific allocation plan will be officially announced soon.
According to preliminary statistics, the MON token allocation is expected to demonstrate relatively broad coverage and inclusivity. The average allocation amount for participating users is estimated to be approximately $2,188, while the median amount is $261. This difference reflects that, among the large number of participants, most users received relatively average and moderate allocation amounts, highlighting the project's consideration for both broad participation and fairness in its allocation mechanism. Meanwhile, in this public sale, the user receiving the highest allocation amount is expected to obtain tokens worth approximately $57,157, demonstrating the project's differentiated rewards for participants at different levels.
As the first token sale project launched on the Coinbase platform, the MON public sale is not only a fundraising event but is also regarded by the industry as an important market experiment and indicator. Its entire process, from initiation to conclusion, including user participation scale, oversubscription multiple, and the final allocation strategy, has been closely watched by the crypto community and investors. The success of this public sale not only verifies the popularity of the MON project itself but also further demonstrates Coinbase's strong capabilities as a mainstream trading platform in asset issuance and user mobilization.
With the imminent announcement of the allocation plan, the market generally expects that MON tokens will soon enter the next stage, including possible listing and trading arrangements. For the many participants, this is not only a reward for their early support but also an important opportunity to participate in the growth potential of emerging crypto assets. In the future, the subsequent development of the MON project and its market performance will continue to attract industry attention and provide an important reference for similar token issuance models.
