Site iconSite icon ForkLog

Monad Team Launches MON Token Claim for 230,000 Users

Monad Team Launches MON Token Claim for 230,000 Users

EVM-compatible L1 platform Monad has opened a portal for claiming its native token, MON. The claim will be available until November 3. 

According to criteria, during the airdrop, the project team will distribute coins among more than 235,500 users, including: 

The Monad Foundation team and Category Labs employees will not participate in the distribution. The snapshot was taken on September 30. 

MON tokens will become available after the TGE, which will occur alongside the mainnet launch. The exact date is yet to be announced. 

Perpetual contracts for the coin are already available on Hyperliquid. At the time of writing, the price stands at $0.07 with a daily trading volume of $5.9 million. Open interest has reached $7.7 million. 

Hourly chart MON/USD on Hyperliquid exchange. Source: Hyperliquid

Fraudulent Advertising on Telegram

Prior to the MON claim opening, scammers placed fraudulent ads with phishing links in the official Monad Announcements channel. This was reported by the project’s co-founder, Keone Hon. 

“Telegram places ads in specific public channels. Scammers bought ads in Monad Announcements. It’s astonishing that the messenger allows content promotion in this way, which should only contain information from one party. We are already working to remove all this,” he wrote. 

Back in February, the platform’s developers launched a public test network. 

In July, the Monad Foundation acquired Portal Labs, the company behind the infrastructure platform for stablecoins Portal.

Exit mobile version