The Monad Foundation announced the MON token model of 100 billion tokens, with Coinbase publicly selling at a minimum of $0.025 and a maximum of $100,000. The mainnet will go live on November 24. This article analyzes the 38.5% ecosystem $225 million financing and the rebranding of Category Labs, revealing new competition in high-performance EVM Layer1.
Monad's Token issuance milestone
The Monad Foundation unveils the MON Layer1 Token model, with its public sale debuting on the Coinbase platform, symbolizing a new phase for high-performance public chains. EVM compatible, it addresses scalability pain points at Solana speeds.
Sales Details and Participation Threshold
From November 17th 9:00 AM to November 22nd 9:00 AM Eastern Time, over 80 countries with a minimum of 100 dollars and a maximum of 100,000 dollars, each MON at 0.025 dollars. This safe and transparent channel attracts retail investors.
Long-term layout of the allocation structure
Total supply of 100 billion tokens: 38.5% ecosystem, 27% team, 19.7% investors, 7.5% sales, 4% Treasury, 3.3% airdrop. The mainnet lock-up period ensures consistency.
Mainnet technology and financing support
On November 24, 5.06 billion locked reward subsidy delegation will be launched, with 225 million USD funding for the development of tools.
Coinbase Category Cooperation Upgrade
After Coinbase acquired Echo Sonar for $400 million, the first case is Monad Labs rebranding to Category Labs to assist the foundation's strategic node program.
Summary
Monad MON 10 billion pieces 38.5% Ecology through Coinbase sales and mainnet launch, combined with EVM high-speed governance. 225 million dollars Category support opens the competition for Layer1.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
