The Monad Foundation has launched the claims portal for its MON token airdrop, opening eligibility checks for more than 230,000 community members ahead of its mainnet deployment. The layer-1 blockchain project has allocated tokens across five distinct distribution categories.

Eligibility and Distribution Details

The airdrop is designed to reward 5,500 core Monad community members and an additional 225,000 participants from the broader crypto ecosystem. Allocations are divided into several tracks, including Monad Community, On-chain Users, Crypto Community, Crypto Contributors, and Monad Builders. Users who qualify across multiple categories can stack their allocations for a larger reward.

Criteria for eligibility combine on-chain data, like Decentralized Exchange (DEX) volume and Non-Fungible Token (NFT) ownership, with off-chain verification through platforms such as Twitter, Discord, and Telegram. Users of major Decentralized Finance (DeFi) protocols, including Aave, Curve, and Uniswap, are eligible, as are holders of prominent NFT collections like CryptoPunks and Pudgy Penguins.

Claim Process and Key Dates

Participants have a three-week window to verify their eligibility through the claims portal, which closes on November 3. The portal uses Privy for authentication, allowing users to sign in with either EVM or Solana wallets. Monad co-founder Keone Hon stated that there is no advantage to claiming quickly and encouraged users to take their time.

The MON tokens will remain non-transferable until the Token Generation Event (TGE), which is set to coincide with the mainnet launch after the claim period ends. An optional early reveal event is also scheduled for October 28, allowing participants to view their allocation amounts in advance. Following the portal’s launch on Tuesday, the authentication provider Privy experienced a brief partial outage due to a surge in traffic but was quickly restored.

Market Outlook and Project Background

In pre-market futures, Hyperliquid’s MON-USD perpetual contracts traded around $0.07. This price implies a fully diluted valuation near $6.9 billion, based on a total token supply of 100 billion. Monad is an Ethereum Virtual Machine (EVM)-compatible layer-1 blockchain that claims to offer up to 10,000 transactions per second and one-second block times via its pipelined architecture.

Monad Labs, the team behind the project, raised $225 million in a 2024 funding round led by Paradigm. The project launched its testnet earlier this year and expects its mainnet to go live by the end of 2025. At launch, the network will integrate with key platforms like Uniswap, Magic Eden, and OpenSea and support wallets including MetaMask, Phantom, and Rabby to ensure immediate ecosystem access.