- Monad Foundation launches portal for MON coin claims, with a deadline set for November 3.
- Approximately 230,000 addresses are eligible under the airdrop criteria, focusing on real users.
- MONAD blockchain aims to provide high throughput, reaching up to 10,000 transactions per second (TPS).
- The airdrop targets five community categories, including NFT holders and decentralized exchange traders.
- Specific measures have been implemented to filter out Sybil attacks and ensure genuine participation.
Introduction
The Monad Foundation has made significant strides in the crypto world by launching a portal designed for claiming MON coins. This initiative is part of their broader strategy to reward active community members while ensuring real user engagement. The portal will remain open until November 3, offering ample time for eligible participants to claim their assets.
A New Era for MONAD Blockchain
Monad is positioned as an innovative first-layer blockchain fully compatible with the Ethereum Virtual Machine (EVM). One of its standout features is its impressive transaction processing capability, boasting speeds of up to 10,000 TPS. This advancement not only promises enhanced performance but also positions Monad as a competitive player in the blockchain space.
Airdrop Eligibility and Categories
According to the official release from Monad Foundation, more than 230,000 community members are set to benefit from the airdrop. These participants fall into five distinct categories: major traders on decentralized exchanges and platforms, NFT holders, DAO participants, liquidity providers, and active contributors during Monad’s developmental phases.
The snapshot that determines eligibility was taken on September 30, 2025. By focusing on these categories, Monad aims to distribute tokens fairly among those who have significantly contributed to or engaged with their ecosystem.
Ensuring Real User Engagement
To maintain authenticity in distribution and prevent exploitation through Sybil attacks—a scenario where multiple fake identities are created—Monad has integrated specific measures within their selection process. They emphasize utilizing DeFi protocols requiring long-term capital investment and evaluating off-chain activities linked with verified social identities and web3 communities.
Market Implications
While details about the total supply of MONAD tokens remain undisclosed as of now, market estimates suggest a fully diluted valuation (FDV) of approximately $6.9 billion based on perpetual futures markets like Hyperliquid. This figure highlights the potential impact MONAD could have within the crypto landscape.
User Experience Simplification
Kevin McCordick from Monad Foundation reassured users by emphasizing that once they input their data into the system during this phase—essentially all they need do—they can simply wait until mainnet launch day when their claimed MON will appear in their wallets automatically.
An event scheduled for October 28th will further assist wallet holders in determining how many coins they are entitled to claim before November’s deadline arrives.
In conclusion: With substantial financial backing secured earlier this year ($225 million raised), alongside promising technological advancements driving its development forward quickly yet carefully; it seems clear why excitement continues building around both current initiatives like these as well future prospects awaiting exploration under growingly bright spotlight cast upon ever-evolving cryptocurrency domain!
