Monad, Layer 1 blockchain that has raised $244M, officially opened the Airdrop Claim Portal at 13:00 on Oct 14. The claim period runs until Nov 3. This airdrop allocates tokens to 5,500 members of the Monad community and nearly 225,000 members of the broader crypto community. Below are the full steps to claim the Monad airdrop.
What is Monad?
Monad is a next-generation Layer 1 blockchain that leverages the Proof of Stake (PoS) consensus mechanism while maintaining full compatibility with the Ethereum Virtual Machine (EVM).
A key innovation of Monad lies in its Parallel Execution engine, which enables the network to process transactions simultaneously rather than sequentially. This architectural breakthrough empowers Monad to achieve throughput of up to 10,000 transactions per second (TPS), significantly outperforming most existing EVM-compatible chains.
How to claim Monad airdrop
- Go to http://claim.monad.xyz
- Connect a wallet to sign in (this will be the default address where you'll receive tokens - you can easily change this in a sec if you want to)
- Enter the claim portal
- Connect your other EVM and Solana wallets
- Connect your X / Twitter, Email, Discord, Telegram and/or Farcaster accounts
If you eligible, Set your claim wallet to the address you'd like to receive your tokens at on Monad Mainnet (Changes save automatically)
NOTE:
- To receive the airdrop, you must update your wallet before 13:00 UTC on November 3.
- Tokens will be sent automatically to the wallet you set for the airdrop on Monad mainnet launch day.
About Monad airdrop
The MON airdrop is allocated to the Monad Community, Monad Builders, and also includes active on-chain users on other blockchains such as:
- High-volume DEX traders (incl. Hyperliquid, Phantom Wallet spot & perps, Pump.fun/Virtuals/memecoin trading).
- Significant depositors in major DeFi: Aave, Euler, Morpho, Pendle, Lighter, Curve, PancakeSwap, Uniswap, etc.
- Long-time holders of notable NFT collections (e.g., CryptoPunks, Meebits, Azuki, Doodles, Pudgy Penguins, Milady, Remilio, Moonbirds, Sappy Seals, SMB Gen2, Mad Lads, Fluffle, Hypurr, Wassies).
- Recently active voters in governance of major Ethereum DeFi DAOs (With multi-month lookback and sybil screening).
$MON Information Details
Token Key Metrics
Here is the information of $MON:
- Token Name: Monad
- Ticker: $MON
- Token Type: Utility and Governance
- Total Supply: 100 billion
- Contract Address (CA): TBA (Post-TGE)
Monad ($MON) Listing Information
Here are the key listing details for $MON:
- Listing Time: TBA
- Confirmed CEX Listings: TBA
- MON Pre-market Price (Whales Market): $0.09
Monad Tokenomics & Fundraising
Tokenomics
Currently, Monad has not announced any official tokenomics for the project. Whales Market will update immediately when the official Monad website announces.
Fundraising
Monad has raised a total of $244 million, including $19 million from Seed Round at 14 Feb, 2023 and $225 million at 9 Apr,2024 from leading investment funds such as Paradigm and Dragonfly.
Disclaimer: This article is for informational purposes only, not investment advice, and Whales Market is not responsible for any of your investment decisions.
FAQs
Q1: What is Monad (MON)?
Monad is a high-performance Ethereum-compatible L1. Monad materially advances the efficient frontier in the balance between decentralization and scalability.
Q2: Who are Monad backers?
Monad backers include Paradigm, Coinbase Ventures, Electric Capital and Greenoaks.
Q3: How much has MONAD raised?
Monad has raised $244M from Paradigm, Coinbase Ventures, Electric Capital and Greenoaks.
Q4: What is the price of Monad ($MON) today?
While Monad ($MON) hasn't been listed yet, users can trade $MON pre-market at $0.09 on Whales Market before the TGE. Here you can trade $MON before the asset gets listed on leading CEXes like Binance, Bybit or OKX.
Q5: How to trade $MON (Monad) on Whales Market?
If you want to trade $MON (Monad) on Whales Market, you can either create an offer or buy/sell from other users’ offers. For full details, please read the Whales Market docs.