Monad is ready to launch its high-performance Layer-1 blockchain mainnet on November 24, alongside the token technology occasion for its native MON token, which is able to record on Kraken on launch day.
Abstract
- Monad leverages parallel transaction execution and superscalar pipelining, supporting as much as 10,000 transactions per second with one-second finality, whereas enabling sensible contracts, DeFi protocols, and NFT initiatives on consumer-grade {hardware}.
- The venture has raised $244 million to this point, together with a $225 million Collection A led by Paradigm with top-tier backers.
- Sentiment on X seems cautious forward of launch as many customers are contemplating shorting MON resulting from its poor efficiency in premarket buying and selling.
Monad has confirmed the launch of its high-performance Layer-1 blockchain mainnet on November 24 at 9 a.m. ET. The debut will observe the November 3 declare deadline, which locked consumer profiles for the MON token airdrop. Eligible contributors will obtain their MON allocations instantly on launch day, marking the end result of months of testnet participation.
Alongside the mainnet launch, Monad will conduct its token technology occasion, with MON set to debut on main exchanges on launch day, most notably Kraken. Crypto wallets Phantom and Backpack will present day-one integration, whereas Uniswap and Wormhole are set to allow immediate interoperability and buying and selling.
Early ecosystem initiatives, together with Molandaks and Alloca, are additionally making ready to go dwell on launch day.
https://twitter.com/krakenfx/standing/1986089914493030448
The upcoming mainnet launch follows the profitable rollout of Monad’s public testnet in February.
Monad accesses backing from main crypto funds
Monad leverages parallel transaction execution and superscalar pipelining, which permits it to help as much as 10K transactions per second with one-second finality. The blockchain helps sensible contracts, DeFi protocols, and NFT initiatives, offering builders with a well-known EVM-compatible atmosphere whereas considerably growing throughput and decreasing latency.
Monad raised a complete of $244 million to this point, together with a $225 million Collection A funding spherical led by Paradigm, with participation from Electrical Capital, Coinbase Ventures, Citadel Island Ventures, GSR Ventures, and Greenoaks.
Nevertheless, because the launch approaches, sentiment on X seems cautious. Many customers are contemplating shorting MON at launch, citing poor efficiency in premarket buying and selling.
https://twitter.com/Crypto_Hunter_O/standing/1985016991514796278
