Monad Confirms Locked MON Tokens Ineligible for Staking at Network Launch

Monad founder Keone Hon announced that locked MONAD tokens will not be stakeable, aiming to prevent insider gains and promote fair participation as the network launches with 200 global validators.

Summary

According to Monad founder Keone Hon, locked MONAD tokens will not be eligible for staking at network launch, marking a measure to prevent insider gains and establish a fairer participation model. The blockchain will debut with 200 validators distributed worldwide, each operating on consumer-grade hardware.

Terms & Concepts
  • Staking: The process of locking cryptocurrency tokens to support blockchain network operations and earn rewards.
  • Validator: A node in a blockchain network responsible for verifying transactions and maintaining network consensus.
  • Locked Tokens: Cryptocurrency tokens that are restricted from transfer or use for a set period.