Monad Airdrop Claiming Guide: Starts on October 14, Three Key Participation Strategies for Last Chance

Author: Asher

The testnet that once experienced “smoke rolling” with Monad is finally about to launch its airdrop.

Last night, Monad announced on platform X that the airdrop claim link will open on October 14 (Tuesday). According to AEVO data, the pre-market price of the MON token rose to $0.14 after the airdrop claim time was determined, but the current price has retreated to $0.117.

The K-line chart of MON's pre-market price on the AEVO platform

Project Introduction

Monad, developed by the Pyth and Solana teams over more than two years, is a high-performance L1 public chain compatible with Ethereum. According to the official documentation, Monad defines itself as a high-performance L1 that uses a PoS mechanism and is EVM-compatible, aimed at pioneering new possibilities for public chains through pipelined execution of Ethereum transactions. Its key innovations include MonadDB (a database specifically designed for accessing Ethereum states) and Optimistic parallel execution (which ensures high TPS with minimal overhead). Monad separates the consensus layer from the execution layer, further enhancing scalability and enabling developers to build applications that require outstanding performance and low latency.

On the evening of April 9, 2024, Monad Labs announced the completion of a $225 million financing round at a valuation of $3 billion, led by Paradigm, with participation from Electric Capital and Greenoaks. As the most attention-grabbing project in the Layer 1 space, Monad, which focuses on the “Parallel EVM” concept, aims to introduce a layer of execution expansion solution for “parallel processing,” significantly improving network execution efficiency while being 100% compatible with all bytecodes of the EVM.

Monad Financing Situation

A big innovation in airdrop claims? Tasks must be completed within the deadline to receive.

Yesterday, Monad's growth director Kevin McCordic (@Intern) stated during an appearance on the threadguy podcast: “Past airdrops typically used a qualification verification system, verifying whether you meet the criteria before you can claim. Monad's airdrop will not use this method; there will be a limited time window during which you must complete specific actions to claim.”

Combining the feedback from the Monad growth manager and community members, here are the following points of speculation regarding the upcoming Monad airdrop claim:

1. The MON token airdrop has a time limit and may be on a “first-come, first-served” basis. You need to complete related tasks before claiming.

Community speculation: Redemption difficulty at hell level

2. You may need to bind your social media account to assess account quality; high-quality social accounts may receive more token airdrops.

3. Token claiming and token staking will be launched simultaneously, with the amount and duration of staking determining the quantity of airdropped tokens.

Finally, since Monad is likely to directly launch a limited-time airdrop claim, users who participate in early interactions need to follow the official X account to get the airdrop claim website and time as soon as possible.

Users who missed the early interaction of Monad still have the opportunity to participate in the token airdrop.

It is believed that Monad's official announcement last night regarding the airdrop claiming time has already completed the snapshot for early participants, so now is not a good time to continue “testing the testnet”. Therefore, in the days leading up to the Monad TGE, there is still an opportunity to speculate on token airdrops, as follows:

“Accumulate” Binance Alpha Points or hold BNB tokens

Last month, the vast majority of popular projects allocated a certain amount of token airdrops to Binance Alpha, with many projects providing shares to Binance Alpha users that far exceeded those of early participants in project interactions. Therefore, even though there have been many “low-value” airdrop projects on Binance Alpha since the National Day, it is still worthwhile to continue accumulating points before the Monad TGE; perhaps Monad will be the “next big thing” for Binance Alpha. Additionally, popular projects like Monad may have the opportunity to be listed on Binance Spot, which means that users holding BNB tokens will also have the chance to receive MON token airdrops.

The airdrop events of major exchange tokens are also worth paying attention to

Generally speaking, for popular projects like Monad, most mainstream centralized exchanges will list both contract and spot trading. In order to attract users to trade, there will be various token reward programs, such as earning tokens by staking U “free” tokens, earning tokens through trading, and earning tokens by inviting new users, which are worth noting.

In addition, the next project of OKX Boost may also be Monad. You need to weigh your wallet balance and trading volume to determine whether you need to “top up” in order to qualify for the air drop.

The Monad ecological native project is worth ongoing interaction, and Bo recently conducted a TGE

During the long wait for the Monad mainnet launch, many projects have chosen to “explore other avenues” due to the prolonged uncertainty regarding the launch date. A representative case is Kintsu, which was originally positioned as a Monad native LSD protocol, but ultimately decided to launch its mainnet first on the Hyperliquid chain.

However, with the official announcement of the airdrop claim time by Monad, the mainnet launch has entered the countdown stage. This not only means that the ecosystem is about to welcome a new round of activity, but it may also stimulate the projects that have migrated away and the still-resilient native projects of the Monad ecosystem to simultaneously launch their TGE. Therefore, the current phase is particularly worth paying attention to those native projects of the Monad ecosystem that have strong financing backgrounds and high community discussion.