Take part in the available social activities for a chance of getting a potential Monad airdrop!
Monad
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Rewards
Rewards
TBA
Past rewards
$700 $6,800
Details
Minimal cost
Free
Time required
7 min.
Category
Testnet
Rating
6/10
Risk
Low
Information
The Monad Foundation has been established as an independent organization to drive governance, ecosystem growth, and adoption of the Monad blockchain. Usually, when a project creates a Foundation, they release a token soon after.
Monad Labs recently raised $225 million, led by Paradigm. They're likely planning to issue a native token, which is common for L1 blockchains. Tokens from L1’s are used for transaction fees and to reward participants.
There are speculations that Monad will be preparing to distribute their token through an airdrop, as they will go from testnet to mainnet.
Specific details about the Monad airdrop are still unknown. We don't yet know if it will happen, or when it will be. There are rumors that the mainnet launch will happen sometime in 2024.
Pros
Strong Financial Backing
Monad's $225 million funding, led by Paradigm, gives it the resources to develop its blockchain and assures users of its viability.
Native Token
As Monad is a Layer 1 blockchain, it will need a native token for gas usage. This means that there is a bigger chance for a token release and an airdrop distribution.
Cons
Lack of on-chain activity
The Monad Blockchain project has been in development for a long time and there is still no activity other than social.
Unclear Airdrop Details
Lack of specific airdrop information may create uncertainty and deter potential participants.
Dependence on Community Engagement
The project's success relies heavily on maintaining an active community, which can be challenging.
How to participate?
Every opportunity has its own rules. Following these closely can significantly increase your chances of qualifying for rewards. Here’s a list of recommendations from our team to help maximize your chances of benefiting from the Monad opportunity.
- Perform Offchain Tasks: Your main activity should be completing offchain tasks. These are tasks or activities related to the project that don't involve transactions on the blockchain.
- Join the Community on Discord and Twitter: Make sure you're a member of Monad’s community by following their Discord and Twitter accounts. Staying connected here could be important for accessing potential future rewards. Being active in these communities keeps you informed and involved.