Monad's Airdrop: A Chance for Solana Users & ETH NFT Holders

Monad, a highly anticipated layer-1 blockchain aiming to compete with Solana and Ethereum, has revealed more details about its upcoming MON token airdrop. An eligibility checker is now live, allowing potential recipients to see if they qualify.

Airdrop Details

The airdrop is designed to reward active crypto participants and aims to distribute tokens to approximately 5,500 Monad community members and nearly 225,000 broader crypto community members.

• Eligibility Check: Available from October 28th.
• Claim Period: Open until November 3rd (expected token claim date).

Monad Foundation emphasized its use of strict anti-sybil measures to prevent bot exploitation and reward genuine users.

Who is Eligible?

Eligibility criteria focused on:

• Active members of the Monad community.
• Users of major DeFi protocols.
• High-volume DEX traders.
• Long-term holders of prominent Ethereum NFT collections (snapshot taken on September 30th).

Specific Ethereum NFT collections include: CryptoPunks, Azuki, Moonbirds, Pudgy Penguins, and Meebits.

Solana users and traders on platforms like Pump.fun, Virtuals, and Hyperliquid are also eligible. Furthermore, active participants in on-chain governance of major Ethereum DAOs may receive an allocation.

Airdrop Strength Level

While exact tokenomics are yet to be announced, eligible participants have been able to view an "airdrop strength level" based on their on-chain activity and social media presence. Speculation is rife within the crypto community regarding potential token values for each level.

About Monad

Founded in 2022, Monad has raised $225 million to develop an EVM-compatible network focused on high throughput, low costs, security, and speed. The Monad testnet was launched earlier this year.

Pre-market trading of the MON token on Hyperliquid sees it trading around $0.08, with over $7.3 million in 24-hour volume.

Key Takeaways

• Monad is launching an airdrop for its MON token.
• Solana users and Ethereum NFT holders are eligible.
• An eligibility checker is live.
• The claim period opens and closes in early November.