The next-generation layer 1 blockchain project Monad (MON) announced that it will launch its mainnet and distribute its native token on November 24 at 17:00 (UTC). The Monad Foundation team stated in a statement that both the community airdrop and the public launch of the network will be among the most notable cryptocurrency events of this year. The Monad Foundation launched its token request portal in mid-October, where users could view their MON token allocations and connect their wallets. This portal remained active until November 3. Monad's partner wallet platform, Privy, reported experiencing “poor performance due to high demand” on the morning the portal launched. “This is one of the most anticipated crypto launches of the past year,” said Nathan Cha, Director of Marketing at Monad Foundation. Related News: Altcoin Hit by Major Hacking Attack Announces It Has Recovered All Funds The airdrop is designed to reward early adopters of the Monad ecosystem and approximately 225,000 verified on-chain users. Recipients include users of decentralized exchanges like Hyperliquid and Uniswap, active participants in lending protocols like Aave, Euler, and Morpho, as well as users of memecoin platforms like Pump.fun and Virtuals. In addition, long-term holders of various NFT projects and DAO governance participants will also receive a share of the distribution. The Monad team stated, “We want members of our community to be important stakeholders in the future of the network because we believe they will have a transformative impact on Monad and the overall crypto ecosystem.” A portion of the airdrop was earmarked for crypto education startups like RareSkills and SheFi, and security researchers like SEAL 911 and Protocol Guild. Monad also released a limited-edition collection of “Monad Cards” featuring prominent figures on social media. Founded in 2022, Monad has raised $225 million to build an EVM-compatible network that aims to combine the speed of Solana and the decentralization of Ethereum. *This is not investment advice. Continue Reading: Release Date for the Most Anticipated Altcoin of Recent Months Has Been Announced
