Nice recap Maher
Today was really busy for the Monad ecosystem, so here is the ultimate guide and summary of all the information we got.
Tokenomics
A. There will be 49.4 percent unlocked on TGE day as the following:
- 3.3 percent airdrop available for trade
- 7.5 percent ICO available for trade
- 38.5 percent not tradable on day one because this part will be staked to validators and used later for ecosystem incentives
B. Only 10.8% of the supply will be tradable on day one, and all of it is controlled by the community since there is no liquidity, no CEX allocation, and no investor allocation.
C. The remaining 50.6% is locked and will start unlocking from November 2026, over three years until it’s fully unlocked.
Airdrop
The initial airdrop was 4.73%, but only 3.33% was claimed. The remaining 1.4 percent went back to the ecosystem pot for future incentives.
Important notes about the airdrop:
- Monad community claimed 50% of the airdrop, which is 1.66% percent of total supply, making them the main claimers and biggest holders.
- 463 community members received allocations above 1 million tokens.
- Onchain users claimed 21% of the airdrop, equal to 0.696% of total supply.
- Monad Card users claimed 11% of airdrop , equal to 0.365% of total supply.
ICO
Monad will be the first coin to launch on @coinbase ICO launchpad, and here are the key points:
-People from over 80 countries can join the ICO, including USA and UK, which was not possible in past ICOs.
-Monad will sell 7.5 % of the token at 2.5B FDV, aiming to raise 187.5M.
- If you sell your ICO tokens in the first 30 days, you can’t join the next ICO on Coinbase.
- Coinbase launchpad will prioritize lower subscription to give more people a fair chance to join.
Check first comment for important resources
#monad #Airdrops
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Vinyo retweeted
Today, we are announcing the MON public sale - an effort to give everyday people the opportunity to become a stakeholder in the Monad network token, days before the public network launch.
The public sale of MON will go live on Coinbase token sales, a new platform from Coinbase for token distribution, a week from today.
This is the very first public sale that Coinbase has hosted, and it will be made available to 80+ countries, including the United States of America.
7.5% of the total monad supply will be sold at a price of $0.025/token.
At the Monad Foundation, we think big. Over 285,000 accounts were made eligible for the MON airdrop, in an attempt to get people who eat, sleep, and breathe crypto to be the initial stakeholders of the Monad ecosystem. This public sale has the potential to extend the reach of Monad by extending the distribution of MON into the hands of millions of regular people.
This sale is attempting to fulfill crypto’s founding promise: open, fair, and inclusive finance.
Monad was built in part to onboard the general public to crypto, and provide them with the tech that is ready for mass adoption. The world is a big place, and crypto needs to grow far beyond the Crypto Twitter bubble.
Onwards! ⚔️
Vinyo retweeted
LOCKED MONAD TOKENS ARE NOT STAKEABLE
Monad has been built painstakingly over the past 3.5 years. We take a long term view and aren’t afraid to do things differently from others.
Today, ahead of the launch of the Public Mainnet, I’d like to share an important element of the Monad tokenomics design: locked MON may not be staked.
Time and time again in previous blockchain launches, the crypto community has had the same complaint: insiders’ ability to stake and earn rewards (liquid or otherwise) on locked tokens. We heard those complaints and are taking a firm stance on this matter, in an effort to set a new standard for the space.
The north star of Monad is true decentralization. The network will go live with 200 globally distributed validators that are run on consumer-grade hardware. While it would have been easier to cut corners, our team has taken the hard road in designing a system that delivers both performance and decentralization. What we build must stand the test of time. I believe that this firm stance on staking of locked tokens similarly positions Monad toward long-term success through better token distribution.
On a personal note, I appreciate the support of investors including @paradigm, @dragonflyvc, @ElectricCapital, and @CastleIslandVC. We build for the long term and are grateful for the long-term-oriented thinking and support of Monad’s earliest backers.
No shortcuts!
👀
Monad Mainnet will launch on November 24th, 9am ET
Waiting room 👇 xitter.cf/i/broadcasts/1OyKAjABX…
12
Vinyo retweeted
Monad Mainnet will launch on November 24th, 9am ET
Waiting room 👇 xitter.cf/i/broadcasts/1OyKAjABX…
Vinyo retweeted
The Monad airdrop reveal is now live for those who choose to participate
Reveal your MON here: claim.monad.xyz
claim.monad.xyz
What a mysterious and important post
there are many people that are claiming my work at the monad foundation is not mysterious and important
those people are neither mysterious nor important
do not listen to unmysterious and unimportant people
my work at the monad foundation is both mysterious and important
thank you for your attention to this matter!
27
Vinyo retweeted
there are many people that are claiming my work at the monad foundation is not mysterious and important
those people are neither mysterious nor important
do not listen to unmysterious and unimportant people
my work at the monad foundation is both mysterious and important
thank you for your attention to this matter!
Vinyo retweeted
What Monad has so far:
- High quality open-source C++/rust codebase with many HFT-style optimizations and architectural changes
- Public audits and clear docs that put the technology first. Transparency -- no hand-waving, no unsubstantiated claims
- High-performance system focused on true decentralization, running continuously in testnet with 186 globally distributed validators at 5000-10000 tps
- MonadBFT, a frontier consensus mechanism featuring 400ms block times, 800ms finality, large globally-distributed validator set, and tail-fork resistance
- Async Execution (while supporting EIP-7702 through the Reserve Balance mechanism)
- MonadDb for efficient merkle trie storage
- Native code compiler for frequently used contracts
- Interconnected community of smart, thoughtful crypto-natives who will grow in influence over the next few years
- Ecosystem of promising young startup founders, ready to take their shot
- Over $100m in ecosystem funding pre-mainnet
- Founder support through DeltaV, the Monad Founder Residency, Monad Madness, and more
- Monad Momentum, an incentives program focused on efficient UA and repeatable growth loops to help decentralized apps acquire normie users
- A north star of making open-source, decentralized systems more powerful
But there's still so much more to do. Are you excited?
