Monad’s MON token sale will open on Coinbase’s new ICO platform from November 17 to 22

Monad, a L1 blockchain project, has revealed that the upcoming mainnet rollout for MON tokens will not be stakeable. The network will launch the public sale on November 17 via Coinbase’s new token sales platform. The official mainnet will then debut on November 24, 2025.

The MON is the native token of the Monad ecosystem, with 100 billion MON tokens in circulation. Monad CEO and Co-founder Keone Hon confirmed that 50.6 billion, representing roughly half of the total supply, will be locked at launch and will not be stacked. The tokens include allocations to investors, the team, and the project’s treasury that are governed by long-term vesting schedules. 

Monad bans staking on locked tokens ahead of MON token launch

Monad released a statement today that none of the locked tokens at launch will be eligible for staking rewards, a decision aimed at ensuring fairness and integrity in token distribution. The firm noted previous launches have raised concerns across the crypto community over insiders’ ability to stake and earn rewards on locked tokens. The firm acknowledged the complaints and revealed that it has decided to avoid stacking in an effort to set a new standard across the cryptocurrency space.

LOCKED MONAD TOKENS ARE NOT STAKEABLE

Monad has been built painstakingly over the past 3.5 years. We take a long term view and aren’t afraid to do things differently from others.

Today, ahead of the launch of the Public Mainnet, I’d like to share an important element of the…

— Keone Hon 🎟️ (@keoneHD) November 6, 2025

The Monad project has undergone three and a half years of development, focusing on building what Keone Hon called a ‘truly decentralized’ blockchain. The network is expected to launch with 200 globally distributed validators running consumer-grade hardware designed to reduce barriers to entry and maintain network resilience. 

“The north star of Monad is true decentralization. While it would have been easier to cut corners, our team has taken the hard road in designing a system that delivers both performance and decentralization. What we build must stand the test of time.”

-Keone Hon, Co-founder and General Manager at Monad

The public sale of MON will be performed via Coinbase’s ICO platform for released tokens ahead of the mainnet launch on November 24. Participants will be allowed to purchase MON at $0.025 per token with a minimum bid of $100 and a maximum bid of $100,000. The sale has been confirmed to be available in over 80 countries, including the U.S. 

Coinbase’s new ICO platform is a result of its recent $400 million acquisition of the crowdfunding services Echo and Sonar, which were developed by crypto influencer Jordan Cobie Fish. According to the Monad’s published tokenomics, the 100 billion tokens will be distributed as follows: 38.5% will go to the Ecosystem development, 27% released to the project team, 19.7% given to investors, 7.5% released to the Public sale on Coinbase, 4% shared with Category Labs Treasury, and lastly, 3.3% given to community airdrops. 

MON may launch at $1 on November 24

The airdrop and public sale will be unlocked immediately at launch, while the remaining allocations will remain locked, subject to phased unlock schedules. The locked tokens will also not be stakeable, ensuring that early rewards flow only to actively participating validators. 

Monad noted that the dark grey labels at the top of the chart represent total maximum unlocked tokens in supply in each quarter. The supply is inclusive of inflation via validator rewards. The actual total supply may be lower following deflation through token burn.

The Monad ecosystem was founded in 2022, currently operating as Category Labs. It has raised $225 million so far to build an EVM-compatible blockchain that is designed to match Solana’s performance while preserving Ethereum’s decentralized principles. Some of its backers include Paradigm Dragonfly Capital, Electric Capital, and Castle Island Ventures.

According to a Cryptopolitan report, MON tokens are currently listed at $1 in pre-market trading on MEXC, with a price of roughly $0.53. The token shows outliers with spikes to $39 and $155, with potential liquidations for aggressive short positions. The MON airdrop has received several concerns over its upcoming trajectory. For instance, other previous projects, such as Plasma, ASTER, and PUMP, underperformed immediately after launch. 

Based on the report, MON token is getting shorted on Hyperliquid, showing signs of a slump immediately after its launch on November 24. The report highlighted two whales who are shorting MON on Hyperliquid with unrealized gains of over $2 million.

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