Layer 1 blockchain Monad has detailed the initial distribution of its native token, MON, as it prepares for the mainnet introduction on November 24, a key milestone for the project which is positioning itself as a high-performance network compatible with Ethereum.
The Monad Foundation said on Monday that a public sale of 7.5% of the token’s initial offering would begin on Coinbase’s token sales platform on November 17. The tokens will be priced at $0.025 each. A 3.3% airdrop will begin seven days later.
The sale aims to distribute MON more widely ahead of network activation, with the foundation emphasizing that the structure of its tokenomics is designed to encourage long-term participation rather than short-term speculation.
In total, 38.5% of the initial offering will be allocated to ecosystem development, 27% to the Monad team, 19.7% to investors, 7.5% to public sale, 4% to treasury and 3.3% to an airdrop.
“At the launch of the Monad Public Mainnet, approximately 10.8 billion MON tokens (10.8%) are expected to be unlocked and put into public circulation, due to distribution via the Monad Public Sale and the MON Airdrop,” the team wrote in a blog post.
The foundation presented this release as the start of a gradual decentralization process, with additional supply entering circulation over time as the network grows. The majority of tokens will remain locked for the first few months, with ecosystem and team allocations subject to vesting schedules to align long-term incentives.
The release of MON comes as the crypto ecosystem has long awaited this airdrop, alongside Monad’s efforts to attempt to redefine the design of layer 1 blockchains. The team describes Monad as a “high-performance, EVM-enabled” network capable of processing transactions in parallel without sacrificing decentralization or security, which it hopes can scale the Ethereum virtual machine to its next stage of growth.
Learn more: Monad Foundation sets November 24 drop date for users
