Coinbase has introduced a new token sale platform aimed at revitalizing public crypto offerings while ensuring investor protections. The platform plans to conduct approximately one token sale per month, utilizing an algorithm to ensure equitable token distribution. The inaugural offering will feature Monad, a layer-1 blockchain startup. Purchases on the platform must be made in USDC, and participants are required to complete identity verification. The initiative seeks to address the challenges faced during the 2017-2018 ICO boom by implementing post-sale restrictions and thoroughly vetting projects before listing. This approach is designed to provide a more secure and transparent environment for investors participating in token sales.