Monad Reveals Market Makers Ahead of $2.5B Launch

Transparent Token Sale Details

Scheduled to run from November 17 to November 22, Monad's upcoming token sale stands out as the first major offering of its kind to fully disclose its market makers, loan agreements, and trading timelines. In a market often characterized by a lack of transparency, Monad is demonstrating that innovation can coexist with openness.

The sale will offer up to 7.5 billion MON tokens, representing approximately 7.5% of the total supply, at a fixed price of $0.025 per token. This pricing structure gives the network an implied valuation of $2.5 billion.

Clear Terms and Known Partners

Monad's filing provides a detailed list of its token loan partners, an uncommon practice within the cryptocurrency space. The issuer, MF Services (BVI) Ltd., has entered into agreements with CyantArb (50 million MON), Auros (30 million MON), Galaxy (30 million MON), GSR (30 million MON), and Wintermute (20 million MON). The terms for these agreements range from one month to a year. These market makers, typically operating behind the scenes, are poised to help stabilize early trading and ensure liquidity, which will facilitate smoother trading for MON buyers and sellers.

To mitigate early price volatility, Monad will also allocate a small portion of tokens—just 0.2% of the total supply—to seed decentralized exchanges (DEXs). This strategic move is designed to enhance tradability and price stability from the network's inception. Platforms such as Coinwatch will be tasked with monitoring the utilization of tokens by market makers, introducing an additional layer of public accountability.

In a similar vein, projects such as Arbitrum and Optimism have recently started disclosing their token allocations and lock-up schedules to foster investor confidence. Monad's comprehensive transparency framework extends this trend, establishing a new standard for open tokenomics in large-scale token offerings.

Strong Backing and Ecosystem Role

The project is supported by a robust funding foundation. The Monad Foundation has received a $90 million donation from Category Labs, intended to cover operational expenses through 2026. In total, the project has raised $262 million across multiple funding rounds, including a $220.5 million Series A. This level of financial backing positions Monad alongside prominent blockchain networks like Solana and Avalanche during their formative stages.

The MON token is designed to serve multiple critical functions within the ecosystem. It will be used to secure the network through validator staking, cover transaction fees, and enable token holders to participate indirectly in governance decisions.