Monad platform will officially launch its Layer 1 blockchain and MON token on November 24, according to a team member. This is considered one of the most anticipated events in the crypto market this year, with the public mainnet and community airdrop taking place at the same time.
The token claim portal opened in mid-October and closed on November 3, allowing users to check their MON allocation and connect their wallets. As soon as the portal opened, the Privy partner wallet was overloaded, showing the huge interest in this launch.
According to Monad, the airdrop is designed to reward hundreds of thousands of onchain users and early members of the ecosystem, including users of Hyperliquid, Uniswap, Aave, Morpho, Pump.fun, Virtuals, and those who participated in DAOs or long-time NFT holders. The project also earmarked a portion of the tokens for educational programs like RareSkills, SheFi, and security research groups like SEAL 911 and Protocol Guild.
“We want the Monad community to be real stakeholders in the network – people who can shape the future of Monad and the entire crypto industry,” Monad said.
Founded in 2022, Monad has raised $225 million to build an EVM-compatible network, aiming for Solana-level speeds and Ethereum-level decentralization.
A testnet launched earlier this year showed that a custom parallel processing system could run thousands of transactions simultaneously, with the MonadDb database achieving sub-second finality.
When the mainnet launches, Monad will integrate with many decentralized applications such as Uniswap, Magic Eden, OpenSea and support wallets OKX, Backpack, MetaMask, Rabby and many more options.
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