Monad is set to launch its Layer-1 blockchain on November 24, with Anchorage Digital serving as the official custodian for the MON token, providing institutional-grade custody and staking services from day one. The network aims to combine Solana's transaction speed with full Ethereum compatibility, featuring parallel execution and an optimized consensus mechanism for high performance without sacrificing decentralization.
Anchorage Digital will enable MON holders to securely store and stake tokens through its regulated platform and Porto wallet, ensuring immediate connectivity to the Monad ecosystem. This partnership underscores Monad's commitment to security and compliance, with Anchorage playing a key role from the private mint stage to infrastructure development.
The MON token distribution allocates 38.5% of the 100 billion total supply to ecosystem development, 27% to the team, and 19.7% to investors. Approximately half of the supply will be locked at launch, while an airdrop will reward early community members and over 220,000 verified users from major crypto protocols. Additionally, MON will debut on Coinbase's new public token sales platform, expanding access to retail investors worldwide.
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