Coinbase CEO: Token sales platforms will impose penalties for violations

Coinbase CEO Brian Armstrong posted on the X platform that Coinbase is bringing token sales back to the platform. Currently, there are issues such as unfair access, excessive extraction, and misaligned incentives in the token sales market, which hinder industry development.

The Coinbase token sale aims to reward truly loyal users through a distribution algorithm. Violations such as "flipping" tokens will be penalized, aiming to align the incentive mechanisms between projects and their communities.