Release Date for the Most Anticipated Altcoin of Recent Months Has Been Announced
Monad (MON), a next-generation layer 1 blockchain, will launch its mainnet and distribute its native token on November 24, 17:00 UTC. The launch includes a community airdrop designed to reward early adopters and approximately 225,000 verified on-chain users. Token recipients include users of platforms like Hyperliquid, Uniswap, Aave, Euler, and Morpho, along with NFT holders and DAO governance participants. Monad's partner wallet experienced high demand during the allocation period in October. Additionally, the airdrop supports crypto education startups and security researchers. Monad, founded in 2022, has raised $225 million to create an EVM-compatible network, blending Solana's speed and Ethereum’s decentralization.
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Monad's Mainnet and Token Launch Announcement
The next-generation layer 1 blockchain project Monad (MON) announced that its mainnet and native token will officially launch on November 24 at 17:00 (UTC). According to the Monad Foundation, both the community airdrop and the network's public launch are set to become among the most notable cryptocurrency events of the year.
Token Request Portal and Early Challenges
The Monad Foundation introduced its token request portal in mid-October, allowing users to view their MON token allocations and connect their wallets. This portal remained active until November 3. However, Monad's partner wallet platform, Privy, faced “poor performance due to high demand” during the portal's launch morning, reflecting the significant anticipation around the event.
Airdrop for Early Adopters
The airdrop is designed to reward early adopters of the Monad ecosystem and will benefit approximately 225,000 verified on-chain users. Recipients include:
- Users of decentralized exchanges like Hyperliquid and Uniswap.
- Active participants in lending protocols such as Aave, Euler, and Morpho.
- Memecoin platform users from Pump.fun and Virtuals.
Additionally, long-term NFT project holders and DAO governance participants are set to receive a share of the distribution. Monad emphasized that these community members are seen as important stakeholders in shaping the future of the network.
Support for Education and Security Initiatives
A portion of the airdrop has been allocated to crypto education startups like RareSkills and SheFi, and security researchers such as SEAL 911 and Protocol Guild. These contributions showcase Monad's commitment to fostering education and security within the crypto space.
Monad Cards Limited Edition
To further engage the community, Monad released a limited-edition collection of “Monad Cards,” which feature prominent figures on social media. This initiative aims to strengthen Monad's brand identity and promote its ecosystem among crypto enthusiasts.
Monad's Background and Vision
Founded in 2022, Monad has raised $225 million to develop an EVM-compatible network that aspires to blend the speed of Solana with the decentralization of Ethereum. Monad seeks to have a transformative impact on both its ecosystem and the broader cryptocurrency space, as stated by the team.
Disclaimer
This is not investment advice.