MON Price Drops Ahead of $2.5B FDV ICO on Coinbase

Monad plans a public sale of MON tokens at $0.025 each from Nov. 17–23, with detailed terms and risk disclosures accompanying the offering.

Summary

Monad will hold a public sale of up to 7.5% of MON tokens at $0.025 each between Nov. 17–23, potentially raising $187.5 million at a $2.5 billion fully diluted valuation. The foundation disclosed token release schedules, market-making agreements, and identified risk factors to enhance transparency. Liquidity for the sale will be supported by loans to five market makers.

Terms & Concepts
  • FDV (Fully Diluted Valuation): A market capitalization metric assuming all possible tokens are in circulation at their current price.
  • ICO (Initial Coin Offering): A fundraising method where new cryptocurrency tokens are sold to investors before they are listed on exchanges.
  • Market Maker: A participant or firm that provides liquidity to markets by being ready to buy and sell assets, reducing price volatility.