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Monad, the crypto team behind the upcoming Layer 1 blockchain network, Monad, has launched its highly anticipated $MON airdrop. This highly anticipated $MON Airdrop is designed to make people who eat, sleep, and breathe ‘crypto’ the initial stakeholders in the Monad network. $MON is open to both crypto and non-fungible token communities. In this article, we shall discuss this project in detail.
Monad Airdrop Goes Live
In an October 14 blog post, the Monad team confirmed that its highly anticipated $MON airdrop has finally gone live. The $MON airdrop is part of a marketing strategy for the highly anticipated Monad blockchain network. Monad is an upcoming high-performance, Layer 1 blockchain that will be fully compatible with the Ethereum Virtual Machine (EVM). Monad will allow users to interact with other users within the Ethereum ecosystem.
Monad, a layer 1 blockchain network slated to launch before the end of this year, aims to address the scalability limitations of existing blockchain networks like Ethereum by achieving a higher throughput of 10,000+ transactions per second and faster block times at 0.5 seconds, while still maintaining EVM compatibility. This means developers will be able to deploy existing Ethereum smart contracts and use familiar tools on Monad without modification.
The Monad team has launched an airdrop to make people who eat, sleep, and breathe crypto the initial stakeholders in the Monad network. By description, an airdrop is an activity performed by blockchain-based startups to spread awareness about the cryptocurrency project and to encourage more people to participate in it when it becomes available. Monad anticipates leveraging this marketing strategy to create massive awareness for its upcoming layer 1 blockchain network.
$MON Airdrop Explained
The Monad team has allocated the $MON tokens to a wide range of individuals, including EVM and Solana addresses that have historically generated significant value on-chain. Significant DEX traders, including traders on Hyperliquid and Phantom Wallet (spot and perpetuals), and traders of tokens launched on Pump.fun, Virtuals, and other memecoins, are also eligible for the $MON airdrop.
Significant depositors into major DeFi protocols, including Aave, Euler, Morpho, Pendle, Lighter, Curve, PancakeSwap, and Uniswap, and Longtime owners of various NFTs, including Azuki, Chimpers, CryptoPunks, Doodles, Fluffle, Hypurr, Mad Lads, Meebits, Milady Maker, Moonbirds, Pudgy Penguins, Redacted Remilio Babies, Sappy Seals, Solana Monkey Business (Gen 2), and Wassies, are also eligible for the $MON airdrop.
Read more on InsideBitcoins.com
