Author: Asher
Monad, whose testnet was once "smoking", is finally going to launch an airdrop.
Last night, Monad announced on the X platform that the airdrop claim link would be open on Tuesday, October 14th. According to AEVO data, the pre-market price of the MON token rose to $0.14 after the airdrop claim time was confirmed. The price has now fallen back to $0.117.
MON pre-market price chart on the AEVO platform
Project Introduction
Developed over two years by the Python and Solana teams, Monad is a high-performance, Ethereum-compatible L1 public blockchain. According to its official documentation, Monad defines itself as a high-performance, EVM-compatible L1 blockchain using a proof-of-stake mechanism. It aims to pioneer a new paradigm for public blockchains by pipelined execution of Ethereum transactions. Key innovations include MonadDB (a database designed specifically for Ethereum state access) and Optimistic Parallel Execution (ensuring high transaction throughput with minimal overhead). Monad's separation of the consensus and execution layers further improves scalability, enabling developers to build applications that require exceptional performance and low latency.
On the evening of April 9, 2024, Monad Labs announced it had secured $225 million in funding at a $3 billion valuation, led by Paradigm and joined by Electric Capital and Greenoaks. As one of the most anticipated projects in the Layer 1 space, Monad, focusing on the concept of the "Parallel EVM," aims to introduce a "parallel processing" execution layer scaling solution, significantly improving network execution efficiency while maintaining 100% compatibility with all EVM bytecodes.
Monad Funding
A major innovation in airdrop claiming? You must complete tasks within a time limit to claim.
Yesterday, Kevin McCordic (@Intern), Head of Growth at Monad, said on the Threadguy Podcast: “Previous airdrops have typically used an eligibility check system, where you’re first verified to be eligible before you can claim it. Monad’s airdrop will not use that system. There will be a time window during which you must complete certain actions before you can claim it.”
Based on feedback from Monad's Head of Growth and community members, we have a few guesses about the upcoming Monad airdrop:
1. The MON token airdrop is time-sensitive, or on a first-come, first-served basis, and you must complete relevant tasks before receiving it;
Community speculation: The difficulty of claiming is hellish
2. You may need to bind your social media account to determine the quality of the account. High-quality social accounts may receive more token airdrops.
3. Token claiming and token staking will be launched simultaneously. The amount and duration of staking will determine the number of airdropped tokens.
Finally, since Monad will most likely launch a limited-time airdrop claim online, users who participate in early interactions need to follow the official X account to get the airdrop claim website and time as soon as possible.
Users who missed the early interaction with Monad still have a chance to win token airdrops
I believe Monad officials already completed a snapshot of early participants when they announced the airdrop redemption time last night, so now is not a good time to continue "catching up on the testnet." However, there are still opportunities to participate in the token airdrop in the days leading up to the Monad TGE. Here are my guesses:
Save enough Binance Alpha Points or hold BNB tokens
Last month, most popular projects allocated a certain amount of tokens to Binance Alpha for airdrops, with many even giving Binance Alpha users a significantly higher share than those who participated in the project early on. Therefore, despite the presence of a number of "low-value" airdrops on Binance Alpha since National Day, it's still worthwhile to continue accumulating points before the Monad TGE. Perhaps Monad will be Binance Alpha's "next big thing." Furthermore, popular projects like Monad may be listed on Binance's spot exchange, which would give BNB holders the opportunity to receive MON tokens.
The token airdrop activities of major exchanges are also worth paying attention to
Generally speaking, for hot projects like Monad, most mainstream centralized exchanges will list contracts and spot trading. In order to attract users to trade, there will be different token reward plans, such as depositing U to "get free tokens", earning tokens by trading, and earning tokens by inviting new users, which is worth paying attention to.
In addition, the next OKX Boost project may also be Monad. You will need to consider your wallet balance and trading volume to determine whether you need to "top up" in order to qualify for the airdrop.
Monad ecological native projects are worth continuing to interact with, and Bo has also recently conducted TGE
During the long wait for Monad's mainnet launch, many projects, unable to reach a launch date, opted to seek alternative paths and deploy on other chains. A representative example is Kintsu, originally positioned as a Monad-native LSD protocol, which ultimately chose to launch mainnet on the Hyperliquid chain.
However, with Monad officially confirming the airdrop claim period, the countdown to the mainnet launch has begun. This not only signals a new wave of activity for the ecosystem, but may also drive both existing and existing Monad ecosystem-native projects to launch their own TGEs simultaneously. Therefore, at this stage, it's worth focusing on Monad ecosystem-native projects with established funding and strong community engagement.
