Subsequent-generation layer 1 blockchain venture Monad (MON) introduced that it’s going to launch its mainnet and distribute native tokens on November twenty fourth at 17:00 (UTC).
The Monad Basis crew stated in a press release that each the group airdrop and the community’s public launch can be among the many most notable crypto occasions of the yr.
Monad Basis launched a token request portal in mid-October, the place customers can affirm their MON token allocation and join their wallets. This portal was lively till November third. Monad’s companion pockets platform, Privy, reported “degraded efficiency as a result of excessive demand” the morning the portal was launched.
“This is likely one of the most anticipated crypto launches of the previous yr,” stated Nathan Cha, advertising director at Monad Basis.
This airdrop is designed to reward early adopters within the Monad ecosystem and roughly 225,000 verified on-chain customers. Recipients embody customers of decentralized exchanges comparable to Hyperliquid and Uniswap, lively individuals in lending protocols comparable to Aave, Euler, and Morpho, and customers of memecoin platforms comparable to Pump.enjoyable and Virtuals.
As well as, long-term holders of varied NFT initiatives and DAO governance individuals can even obtain a portion of the distributions. The Monad crew says, “We would like our group members to be necessary stakeholders in the way forward for the community, as a result of we imagine they’ll have a transformative affect on Monad and your entire crypto ecosystem.”
A portion of the airdrop was earmarked for crypto schooling startups like RareSkills and SheFi, in addition to safety researchers like SEAL 911 and Protocol Guild. Monad has additionally launched a restricted version assortment of “Monado Playing cards” that includes celebrities on social media.
Based in 2022, Monad has raised $225 million to construct an EVM-compatible community that goals to mix the pace of Solana with the decentralization of Ethereum.
*This isn’t funding recommendation.
