Monad Airdrop Claim Portal opens on October 14, the Token MON pre-market price breaks 0.11 USD.

On October 9th, the highly anticipated Layer 1 Blockchain Monad officially announced on the X platform that the Airdrop claim portal will officially open on October 14th.

This news immediately sparked widespread attention in the cryptocurrency community. According to AEVO data, the MON token's pre-market price surged to 0.14 USD after the airdrop claim time was confirmed, and then fell back to around 0.117 USD.

01 Monad Airdrop Innovation

Unlike traditional airdrop methods, Monad has adopted a brand new airdrop claiming mechanism this time, breaking the conventional "qualification verification" model.

Kevin McCordic, the Growth Director at Monad, revealed during his appearance on the threadguy podcast that past Airdrops typically used a qualification verification system, where users were first verified for eligibility before they could claim.

However, the Airdrop of Monad will not adopt this method; there will be a limited-time window during which users must complete specific actions to claim it.

This innovative model has sparked widespread speculation within the community, with some believing it may be a "first-come, first-served" method for claiming, while others suggest that it may require linking social media accounts to assess account quality, with high-quality social accounts potentially receiving more token Airdrop.

02 Project Background and Technical Advantages

Monad is not an ordinary blockchain project; it is a high-performance L1 public chain developed by the Pyth and Solana teams over a period of more than two years.

As a high-performance public chain compatible with Ethereum, Monad defines itself as a high-performance L1 that adopts the PoS mechanism and is compatible with EVM.

It aims to create a new paradigm of public chain possibilities through the pipelined execution of Ethereum transactions.

Its key innovations include MonadDB (a database specifically designed for Ethereum state access) and Optimistic parallel execution (ensuring high TPS with minimal overhead).

Monad separates the consensus layer from the execution layer, further enhancing scalability and enabling developers to build applications that require outstanding performance and low latency.

On the evening of April 9, 2024, Monad Labs announced the completion of a $225 million financing round at a valuation of $3 billion, led by the well-known investment firm Paradigm, with participation from Electric Capital and Greenoaks.

As the most eye-catching project in the Layer 1 track, Monad, which focuses on the concept of "Parallel EVM," hopes to introduce a "parallel processing" execution layer expansion solution that significantly improves network execution efficiency while being 100% compatible with all bytecode of EVM.

03 Market Performance and Community Response

After Monad officially announced the Airdrop claim time, the market reacted quickly and strongly.

According to AEVO data, the pre-market price of the MON token rose to $0.14 after the announcement, although it later retreated, it still remains around $0.117.

According to market data, the fully diluted valuation (FDV) of MON is close to 12 billion USD, and it is expected that 100 billion MON tokens will be distributed through an Airdrop.

This FDV scale leaves many projects that have been deeply engaged in the industry for years far behind.

Community users have mixed reactions to the Monad Airdrop.

Some users are rubbing their fists in preparation to participate, as user Gas_Optimizer stated: "The freeloading army is ready to charge!"

Some users are skeptical about the project. A user named SignatureDenied commented, "This is too much of a joke," while the Satoshi Challenger bluntly stated, "Hah, another continuous harvesting machine for the inexperienced."

At Gate Square, user ChainChef expressed concerns about MON's high FDV: "My appearance looks like an overcooked soufflé... 11.5b fdv is really too spicy, to be honest."

User rugdoc.eth commented: "It's just another case of overspending emotions on speculation," reflecting the cautious attitude of some community members towards the project's prospects.

04 Users who missed early interactions still have opportunities

Although Monad's official team has likely completed the snapshot for early participants, users who missed the early interactions still have a chance to win the MON token Airdrop.

Accumulating enough Binance Alpha points or holding BNB tokens may be one way.

Last month, the vast majority of popular projects allocated a certain amount of token Airdrops to Binance Alpha, and many projects even provided higher shares to Binance Alpha users than to users who participated in the project's interactions early on.

The token airdrop activities of major exchanges are also worth noting.

For popular projects like Monad, mainstream centralized exchanges usually launch contracts and spot trading, and to attract users to trade, they will introduce various token reward programs.

These may include various forms such as storing U 'free' tokens, trading to earn tokens, inviting new users to earn tokens, etc.

In addition, the Monad ecosystem's native projects are also worth ongoing interaction, and these projects may also conduct TGE in the near future.

With Monad officially confirming the airdrop claim time, the mainnet launch has entered the countdown stage. This not only signifies that the ecosystem is about to usher in a new wave of activity but may also drive projects that have already migrated and those still steadfast in the Monad ecosystem to simultaneously initiate their TGE.

05 Conclusion

The opening of the Monad Airdrop claim portal marks the official entry of this highly anticipated Layer 1 Blockchain project into the final stage before its mainnet launch.

The airdrop collection on October 14 will adopt an innovative "time-limited window + specific operation" model, breaking the traditional airdrop collection method.

Despite differing opinions within the community regarding Monad's high FDV and token distribution plan, the market's high attention on the MON token indicates the project's significant influence in the industry.

As the airdrop distribution day approaches, the cryptocurrency community's attention will be focused on Monad, observing how this high-performance Layer 1 blockchain is changing the competitive landscape of public chains.