The Protocol: Monad Airdrop + Blockchain Go Live
NeutralCryptocurrency

- Monad has officially launched its blockchain, coinciding with an airdrop of its MON tokens and a total supply of 100 billion tokens, of which 10.8% are currently circulating in the market. This launch follows a successful $269 million Initial Coin Offering (ICO) led by Coinbase, marking a significant milestone for the company.
- The launch of the Monad blockchain is crucial as it aims to enhance the cryptocurrency ecosystem by providing a high-speed Layer-1 solution, which could attract developers and users seeking efficient transaction capabilities and decentralized finance (DeFi) tools.
- The broader cryptocurrency market is witnessing fluctuations, with Monad's launch occurring amid a notable drop in Bitcoin's price, raising questions about market stability and the performance of new tokens. The contrasting reactions to Monad's trading debut highlight the challenges faced by new entrants in a competitive landscape.
— via World Pulse Now AI Editorial System







