The company plans to introduce a platform where investors can buy digital tokens before they appear on its exchange. The first sale is set to take place Nov. 17-22, according to a Monday (Nov. 10) company blog post.
“Unlike ‘first-come, first-served’ sales that fail to reach a project’s real community, our token sale design prioritizes the many over the few,” the post said.
Coinbase’s algorithm is designed to promote broader distribution and limit asset concentration among large purchasers, per the post.
“This will typically result in more complete allocation for participants requesting the lowest amounts while progressively filling…