Monad unveils tokenomics, says over 50% of MON tokens will be locked at launch
Monad announced its MON tokenomics ahead of its public sale on Coinbase, revealing over 50% of tokens will be locked initially.Summary
Monad has unveiled the tokenomics for its MON token, coinciding with the announcement of its first public sale via Coinbase's new token listing platform, running from November 17th to 22nd. The sale offers 7.5% of the total supply at $0.025 per MON, with a minimum bid of $100. Out of the 100 billion total MON supply, 38.5% is for ecosystem development, 27% for the team, and 19.7% for investors. Crucially, Monad disclosed that 50.6% of the total tokens, including those for investors and the team, will be locked on Day 1 of the Monad Public Mainnet launch, scheduled for November 24th. Only the allocations for the public sale (7.5%), airdrop (3.3%), and ecosystem development will be unlocked initially. Monad, founded in 2022, is building an EVM-compatible network aiming for Solana-like speed and Ethereum-like decentralization.
(Source：The Block)