Get early access to upcoming tokens

Putting you first.

Early access for true supporters first—not snipers, flippers, or whales.

Facts up front.

Key disclosures help you buy new tokens with confidence.

Now back in the U.S.

For the first time since 2018, token sales are widely available to all U.S. Coinbase users.

Getting started is easy.

Get early access to upcoming tokens, all from within the Coinbase app.

Request tokens with USDC.

Learn about the token and set aside USDC. You'll be able to request tokens once the sale opens.

Receive your tokens.

The number of tokens you receive depends on the popularity of the sale. We use a "filling up from the bottom" allocation algorithm to ensure broad participation. Any unused funds will be returned to you.

Supporters get rewarded.

We value users who are in it for the long game. "Flipping" a token (selling or converting soon after buying it) could lead to smaller allocations in future sales.

Launching a token? Start here.

If you’re an issuer and you’re interested in launching your token on Coinbase, please reach out to protocol-sales@coinbase.com.

Previous sales

Monad

Nov 17, 2025     ·     85.8k participants     ·     70 countries      ·     $269M committed

Monad is a new Layer 1 blockchain aiming to deliver breakthrough speed and enable new applications of blockchain technology.

FAQs

What is Token Sales?

Token Sales lets customers purchase new tokens directly from issuers shortly before the token’s listing on Coinbase.

Are there any fees involved? What will it cost me?

There are no fees for token allocation orders.

What payment methods can I use to participate in the token sale?

USDC. Additional payment methods may be supported in future sales.

How can I verify my eligibility to participate in the token sale?

To participate, customers must have a verified Coinbase account and be in a supported country for the token sale. You can check your account status in the settings or contact customer support for assistance. Visit the token sale page to see if the sale is available in your region.

How do I request allocation in a Token Sale?

Customers can request allocation on the Coinbase app or website by navigating to the sale page, selecting their desired amount within the permissible limits, and confirming the transaction. Committed funds will be locked and cannot be withdrawn during the sale period.

What happens if the sale is oversubscribed?

If the total number of requested tokens is greater than the total available tokens, a distribution mechanism, called “filling up from the bottom,” attempts to create a broad distribution among sale participants and limit asset concentration among large buyers. The mechanism first identifies the user with the smallest unfilled amount (“the bottom”) and grants the specified amount to all requestors. The system then identifies the next smallest unfilled amount and grants that amount to all requestors. The system continues fulfilling requests in this way until (1) a user receives the full amount of their requested tokens, in which case the system will stop allocating tokens to that user but continue allocating tokens to other unfulfilled requests; or (2) there are not enough remaining tokens to complete an equal distribution of the lowest unfilled amount to all users. At this point, all remaining tokens are distributed evenly to all remaining users.

Example: In a sale with 1000 tokens available, three participants (Low, Middle, High) request 100, 500, and 1000 tokens respectively. All participants are first allocated 100 tokens, leaving 700 tokens remaining and 1300 in unfilled demand from Middle and High requests -- Low's request has been completely filled. The remaining 700 tokens are split evenly between Middle and High's because they both have unfilled requests (400 and 900 respectively). Middle and High receive 350 tokens in the second round of distribution, each receiving a total of 450 tokens.

Purchasing digital assets comes with risk. Products and features may not be available in all regions. Information is provided for informational purposes only and is not investment advice. A token sale is not a recommendation or endorsement of any digital asset or project. The utility, future value, and market for token sale assets are speculative and subject to change. Consult your own independent advisors before making any decisions based on the content of this site.