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Coinbase is set to roll out a cutting-edge platform, enabling select investors to engage in trading new cryptocurrencies prior to their official listing on prominent exchanges. This platform will employ an algorithm to allocate tokens, thereby avoiding an undue concentration of assets among a few investors. Should individual investors opt to sell their tokens within a month of the listing, their subsequent token allocations could be diminished. Meanwhile, token issuers and their associated entities will be subject to a six-month lock-up period. The pioneering crypto project, Monad, will be the inaugural entity to issue tokens via this platform, with its anticipated launch slated for late November. Coinbase intends to incorporate tokens issued through this novel platform into trading on its primary exchange, with projections for monthly token issuances.
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