The purpose of the MON token sale is to achieve the broadest distribution. We chose Coinbase (and their allocation algorithm, which is democratic and transparent) because of their unique ability to reach an audience that we think is important to engage and re-activate. The world is a big place and it's so important to break out of the bubble.
The allocation algorithm is transparent about what it incentivizes.
- There isn't a prorata component, which would have inflated total bid size but put more tokens in the hands of whales.
- There isn't a time priority component, which would have incentivized early commitments but created unfair outcomes from users slamming the servers with bots to be first.
- The algorithm is highly transparent, where a less-transparent algorithm or team discretion might have caused bidders to bid earlier or larger in the hopes of a larger allocation.
The allocation algorithm is transparent about what it incentivizes.
- There isn't a prorata component, which would have inflated total bid size but put more tokens in the hands of whales.
- There isn't a time priority component, which would have incentivized early commitments but created unfair outcomes from users slamming the servers with bots to be first.
- The algorithm is highly transparent, where a less-transparent algorithm or team discretion might have caused bidders to bid earlier or larger in the hopes of a larger allocation.
