Why is There Such Excitement Surrounding Monad Crypto?
Monad Crypto is gunning for Solana’s position. Monad, a cutting-edge high-speed layer-1 blockchain, plans to launch a $188 million public coin sale via Coinbase’s newly introduced offering platform, marking the first such event in the US in over seven years.
Taking place from November 17 to 22, the sale will offer 7.5% of MON’s total token supply of 100 Bn tokens priced at $0.025 each, which sets MON’s fully diluted trading market cap close to $2.5 Bn.
Individuals from over 80 nations, including the US, can participate with investments ranging from $100 to $100,000. Here’s why this new challenger to Solana might take off.
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Why is There So Much Buzz Around Monad Crypto? A New Chapter for Public Coin Sales
Monad Crypto plans to collaborate closely with Coinbase’s recent $400 Mn acquisition of crowdfunding firms Echo and Sonar, which will facilitate monthly crypto token sales.
The previous surge of retail crypto token offerings, notoriously known as the ICO boom of 2017, concluded with SEC interventions and deceptive exits akin to those seen in Pakistan. However, a more favorable regulatory environment under President Donald Trump, paired with increasing bipartisan base level for crypto regulations, has reinstated optimism for projects like Monad to reinstate ICOs.
“Crypto has evolved since 2017,” stated Monad co-founder Keone Hon. “The trading market is vast, and crypto must stretch far beyond current investor circles.”
The only apprehension surrounding this token appears to be its tokenomics, which some critics label a “scam” due to excessive allocations to founders.
Unveiling $MON @monad Tokenomics :
99% of People Didn’t Realize This…
1⃣
Monad claims a Total Token supply of 100B,
but the actual amount including node rewards is 108.2B.They only referenced validator rewards at the end of the article, neglecting to mention them in the total token supply section — which raises… pic.twitter.com/aBR6VC5kAK
— Gautamgg
As per Tracxn, Monad has successfully raised $248M from elite VCs, which includes a $225M Series A in March 2024. Should the sale go well, the project’s funds will increase to $436M, establishing it as one of 2025’s most well-capitalized new blockchains.
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Galaxy data indicates that venture capital is flooding back into blockchain foundations, surging 72% this year as investors shift their focus toward scalable, EVM-compatible platforms.
Is Monad Positioning Itself as the “Ethereum of the 2030s”?
Monad aspires to compete with Solana’s processing capabilities while upholding Ethereum’s safety and decentralization, a feat few layer-1s have accomplished. It’s no simple task! Familiarize yourself with “the distributed ledger trilemma, kiddos.” More than 50% of MON’s total token supply will remain secured at launch to guarantee long-term alignment, while 38.5% is designated for ecosystem grants and validator initiatives.
The Monad Foundation, which represents the project’s ecosystem division, will manage grant distributions and network node nominations. If the sale succeeds, this may herald a resurgence of regulated public crypto offerings and could prove pivotal for Coinbase’s future goals.
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Key Takeaways
- Monad Crypto is set on competing with Solana. Monad, a new high-speed layer-1 blockchain, will initiate a $188 million public token offering.
- Monad seeks to match Solana’s capacity while upholding Ethereum’s protection and decentralization, a difficult equilibrium for few layer-1s to achieve.
The post Why is Everyone So Excited About Monad Crypto? appeared first on 99Bitcoins.
