Coinbase CEO: Token Sale Platform Will Combat "Scalping" and Other Violations

BlockBeats News, November 12th, Coinbase CEO Brian Armstrong stated that Coinbase's token sale platform will reward truly loyal users through a distribution algorithm, and if behaviors such as token flipping occur, penalties will be imposed. The goal is to maintain alignment in the incentive structure between the project and its community. Currently, token sales in the market suffer from issues such as unfair access, excessive value extraction, and misaligned incentive mechanisms.

Previously reported, Coinbase will launch a token sale platform targeting retail investors, with the first ICO project being Monad.