Monad, a high-performance Layer-1 blockchain, recently concluded its public token sale on Coinbase's newly launched Token Sales platform, marking a significant moment for compliant cryptocurrency offerings in the United States. The sale, which ran from November 17 to November 22, 2025, represented the first major U.S.-regulated public token sale since the 2018 ICO wave, opening up early-stage crypto investments to a broader American retail investor base.
Christopher Perkins, President of CoinFund and a CFTC Advisor, highlighted the profound shift this event represents for the industry. On social media, Perkins stated, "> The Monad ICO shows how far we’ve come: KYC’d, US-accessible, and not immediately shut down. 🇺🇸 Is this what compliant token launches look like going forward?" His observation underscores the evolving regulatory landscape and the potential for more structured token offerings.
Participation in the Monad token sale mandated Know-Your-Customer (KYC) verification and compliance checks through Coinbase, ensuring adherence to regulatory standards. This rigorous process, requiring a fully verified Coinbase account with a government-issued photo ID, facilitated access for investors in over 80 countries, including the U.S., a region historically challenged by stringent crypto regulations for public sales. Coinbase's platform also utilized an algorithm to prioritize smaller requests, aiming for fair access and preventing dominance by large institutional buyers.
Monad, developed by Category Labs, positions itself as an Ethereum Virtual Machine (EVM)-compatible network designed for scalability and decentralization, boasting a throughput of 10,000 transactions per second. The public sale offered 7.5 billion MON tokens, representing 7.5% of the total supply, at a fixed price of $0.025 per token. This event followed Monad Labs securing $225 million from prominent investors like Paradigm and Dragonfly Capital.
The launch of the Monad token sale on Coinbase's platform is viewed as a pivotal experiment in establishing a public, transparent, and compliant path for token issuance. This initiative signals a new era for crypto fundraising, emphasizing greater transparency, fairness, and regulatory adherence, potentially setting a benchmark for future early-stage crypto investments.