Here is a quick guide to trade Monad ($MON) on Whales Market. It is the leading pre-market DEX platform for pre-TGE tokens and allocations, with more than $300M in trading volume.
What is Monad?
Monad is a next-generation Layer 1 blockchain that leverages the Proof of Stake (PoS) consensus mechanism while supporting the Ethereum Virtual Machine (EVM), built to deliver scalable performance.
Monad designed to support decentralized applications (dApps), decentralized finance (DeFi), and non-fungible tokens (NFTs). This blockchain offers seamless compatibility with the Ethereum ecosystem, enabling developers to migrate their applications with minimal code changes.
Monad Specializes
- High Throughput: Monad can process up to 10,000 transactions per second (TPS), which is a significant increase from Ethereum’s ~15 TPS. This is made possible through parallel execution and a pipelined consensus mechanism that decouples transaction ordering from execution for optimized performance.
- Low Latency: With one-second block times, Monad ensures rapid transaction finality, making it ideal for real-time use cases like gaming, trading, and financial services.
- EVM Compatibility: Developers can leverage familiar Ethereum tools, libraries, and wallets, simplifying the transition to Monad and reducing onboarding friction.
- Cost Efficiency: Transaction fees are designed to stay below one cent, offering a highly economical environment for users and developers.
$MON Information Details
Token Key Metrics
Here is the information of $MON:
- Token Name: Monad
- Ticker: $MON
- Token Type: Utility and Governance
- Total Supply: $MON
- Contract Address (CA): TBA (Post-TGE)
Token Allocation
Currently, Monad has not announced any official tokenomics for the project. Whales Market will update immediately when the official Monad website announces.
Monad ($MON) Listing Information
Here are the key listing details for $MON:
- Listing Time: TBA
- Confirmed CEX Listings: TBA
- Pre-market Price (Whales Market): $0.085
How to trade $MON on Whales Market
Here’s how to trade Monad ($MON) step by step:
Step 1: Join Whales Market
Join Whales Market Website, connect wallet and choose “Monad token”
Step 2: Create Order
If you want to buy $MON before listing, or sell your token allocation at your preferred price, simply click “Create Order” button on the platform.
Step 3: Set Price & Amount
To place an order, simply choose between “WANT TO BUY” or “WANT TO SELL”, then select the method by which your order will be filled. To confirm, you’ll need to deposit collateral equal to the value of your order.
Step 4: Confirm Order
To proceed, deposit your collateral and sign the transaction through your wallet. The collateral will remain locked until the Settlement phase if your order is filled. This ensures fairness and trustless execution between all parties.
You can cancel your order and receive your collateral back as long as it hasn’t been filled. Or you can resell your position via Resell Position.
Step 5: Order Goes Public
Once created, your order will be visible on the platform. If you selected “WANT TO BUY”, it will appear under the Sell tab, and if you choose “WANT TO SELL”, it will be listed in the Buy tab. From there, other users can view and fill your order.
Step 6: Buy or Sell Available Orders
If you find a good deal from another user, simply select the order, deposit your collateral, and you’re all set.
Step 7: Settlement Phase
At the time of TGE (or CEX listing), the Settlement Phase begins. Sellers are given a 4-hour window to transfer tokens to buyers. Failure to settle within this timeframe results in the loss of their collateral, which is then transferred to the buyer.
Conclusion
Monad is a blockchain platform designed to improve the speed and efficiency of smart contracts and decentralized applications. Monad addresses some of Ethereum’s limitations while maintaining compatibility with its ecosystem by using parallel execution, a streamlined virtual machine, and an upgraded storage system.
Disclaimer: This article is for informational purposes only, not investment advice, and Whales Market is not responsible for any of your investment decisions.
FAQs
1. What is Monad?
Monad is a high-performance, Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain platform designed to address scalability challenges of existing networks, particularly Ethereum.
2. What is $MON total supply?
The total supply for $MON has not been officially disclosed yet. For more information, please refer to Monad Official X.
3. What is $MON tokenomics?
The $MON tokenomics has not been published yet. For more information, please refer to Monad Official X.
4. What is Monad ($MON) pre-market price?
As of October 8th, the pre-market price for $MON is $0.085 on Whales Market, the pre-market DEX platform with over $300 million in volume, supports on-chain trading of pre-TGE tokens and allocations.
5. What is the price of Monad ($MON) today?
$MON currently lacks an official market price as it remains unlisted. Now, it is tradable on Whales Market, the leading pre-market platform, where users can buy or sell $MON before its listing on major CEXs like Binance or Bybit.
6. How much has Monad ($MON) raised?
Monad has secured approximately $250 million in total funding, beginning with a $19 million seed round on February 14, 2023. This was followed by a significant $225 million investment on April 9, 2024, backed by prominent venture capital firms including Paradigm and Dragonfly.