Monad has confirmed that its highly anticipated token airdrop will launch next week, with the claims portal opening on Oct. 14. The layer-1 blockchain announced the timing in a post on X, though allocation details remain undisclosed.
The team has not revealed information about eligibility criteria, distribution amounts, or vesting schedules for the airdrop. The community continues to wait for specific details on how tokens will be distributed.
Monad has positioned itself as a high-performance layer-1 chain with EVM compatibility. The forthcoming airdrop represents a significant step toward launching its native token, but concrete distribution information has yet to emerge.
Decentralized perpetuals exchange Hyperliquid listed MON-USD hyperps on Wednesday, enabling traders to take long or short positions on the native token ahead of its public distribution. This allows market participants to express views on $MON value before the official launch.
Based on Hyperliquid trading of the MON-USD hyperps priced near $0.12, Monad's fully diluted valuation stands near $12 billion. The market expects 100 billion $MON tokens to be distributed through the airdrop.
The valuation metrics derived from early trading activity provide insight into market expectations for the project. However, these figures remain speculative until official token distribution begins and broader market participation occurs.
Monad's announcement follows a trend of layer-1 blockchains conducting token airdrops to bootstrap network effects and reward early supporters. The Oct. 14 claims portal opening gives the community a specific date to prepare for, even as allocation methodology remains unclear.
The lack of detailed information about eligibility and distribution has left participants in a holding pattern. Community members await the next update that will clarify how the airdrop mechanics will function.