Layer-1 blockchain Monad detailed the initial distribution of its native token, MON, as it prepares for the mainnet launch on Nov. 24, a key milestone for the project that aims to be a high-performance, Ethereum-compatible network.
The Monad Foundation announced Monday that a public sale of 7.5% of the initial supply of the token will start on Coinbase’s Token Sales platform on Nov. 17. The tokens will be priced at $0.025 each, with an airdrop of 3.3% commencing seven days later.
The sale aims to distribute MON more widely ahead of the network’s activation, with the foundation emphasizing that its tokenomics structure encourages long-term participation rather than short-term speculation.
In total, 38.5% of the initial supply will be allocated toward ecosystem development, 27% to the Monad team, 19.7% to investors, 7.5% to the public sale, 4% to the treasury, and 3.3% to an airdrop.
“At the launch of Monad Public Mainnet, approximately 10.8B MON tokens (10.8%) are expected to be unlocked and in public circulation, due to distribution via the Monad public sale and the MON Airdrop,” the team stated in a blog post.
The foundation framed the release as the beginning of a gradual decentralization process, with additional supply entering circulation over time as the network grows. The majority of tokens will remain locked in the early months, with ecosystem and team allocations subject to vesting schedules to align long-term incentives.
The release of MON comes as the crypto community has eagerly awaited this airdrop, alongside Monad’s efforts to redefine layer-1 blockchain design. The team characterizes Monad as a “high-performance, EVM-compatible” network capable of processing transactions in parallel without compromising decentralization or security, aiming to scale Ethereum’s virtual machine for its next stage of growth.
Read more: Monad Foundation Sets Nov. 24 Airdrop Date for Users
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