Monad, a leading Layer 1 EVM blockchain, recently launched its Testnet on February 19th. This opens up a new avenue to explore opportunities for receiving Airdrops from the Monad Ecosystem.
What is Monad?
Monad is a new blockchain designed to be both fast and cheap, while still prioritizing decentralization. It’s built to work seamlessly with existing Ethereum tools, like smart contracts and wallets, by fully supporting the EVM. To achieve its high speed, Monad uses advanced techniques like parallel processing and an optimized database.
Learn more: What is Monad?
Monad, developed by Monad Labs, has attracted significant backing from prominent investors in the cryptocurrency and blockchain space. The project has raised a total of $244 million across two major funding rounds. In February 2023, Monad Labs secured $19 million in a seed round led by DragonFly Capital. Later, in April 2024, the company raised an additional $225 million in a Series A round led by Paradigm, with other key backers such as Coinbase Ventures, Electric Capital, and Greenoaks Capital joining the effort.
Source: Crypto Fundraising
These investments reflect strong confidence in Monad’s mission to build a high-performance, Ethereum-compatible Layer 1 blockchain capable of processing 10,000 transactions per second, driven by a team with deep expertise from high-frequency trading and blockchain engineering.
After Berachain and Story Protocol TGE, the positive aftereffects from the Berachain and Story Protocol airdrops are driving the community to shift their support towards another Layer-1 blockchain, Monad. Concurrently, historically, Layer-1 projects such as Sui, Berachain, Hyperliquid, Aptos, and Movement have all executed notably impressive airdrop distributions targeting builders and contributors.
Moreover, the Monad Testnet has just launched, which is reminiscent of Berachain, as that Layer-1 also ran its Testnet program for an extended period before announcing its Mainnet launch, which is occured around the same time as it’s TGE.
The Kaito AI Pre-TGE Arena Dashboard shows the chain consistently dominating the top leaderboard in daily mindshare, highlighting the significant attention this network receives for Monad Airdrop potential.
Source: Kaito AI
Monad Airdrop Guide
Step 1: Faucet test token
Access here, connect your wallet, and proceed to add the Monad Testnet network.
Source: Monad
After that, claim MON Tokens from the faucet every day to get a chance to explore the ecosystem. If you connected your wallet to the Monad Testnet, you might have already received a pre-airdrop of some MON Token Testnet, which is based on the amount of ETH you have.
You can also faucet MON from these sources:
Step 2: Try out as much Monad Ecosystem Dapps as possible
- Mint your NFT in Monadverse here. Be hurry, the total of 131361/300000 spots have been minted. Monadverse is one of the biggest NFT projects in this blockchain.
Source: Monadverse
- Scroll down from this site. Make your first trade of these available tokens.
Source: Monad
- Move to Kuru Markets, connect wallet and deposit $MON. Purchase several tokens.
Source: Kuru Markets
- Next, join Nad Name Service, purchase your Nads Domain. It would cost a total of 0.02 $MON for registering.
Source: Nad Name Service
- Deploy Smart Contract on Owlto Finance. Remember to prepare Monad Testnet token MON as fee.
Source: Owlto Finance
Source: Nad.fun
Source: fantasy.top
- Visit Magic Eden, where users can find a dedicated section for Monad Testnet NFT franchising. Purchase your preferred NFTs; but top verified NFTs are guaranteed for potential Monad Airdrop.
Source: Magic Eden
You can also explore further the Monad Network Ecosystem through this space.
Based on past trends, it is observed that projects generally do not place high value on farmers who focus on operating numerous wallets and superficially interacting with dApps. Try to explore like a true OG, and you will get the rewards you deserve.
Step 3: Layer3 quest
Complete Monad quest in Layer3. Try to complete as many quests as possible.
Source: Layer3
Step 4: Get Monad Roles on Discord
Similar to many recent major projects that base Airdrop distributions on Discord roles, acquiring roles within Monad’s Discord could be a factor in evaluating future token allocation.
Step 5: Stake Wormhole token ($W) to earn Monad Airdrop
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- Buy $W and withdraw to your EVM wallet. The amount can range from 1000 $W to 10000 $W, with larger amounts resulting in a higher reward rate.
- Go to Tally, connect your wallet. Then click “Start”.
Source: Tally
- Next, transfer $W from the Solana chain of your Solana Wallet to your current EVM wallet in Optimism or Base chain. If you already have W on an EVM chain, you can skip this step.
- Choose an amount of $W to stake. All done.
Final thought
The Monad Airdrop represents a significant opportunity that investors within the cryptocurrency community should closely monitor to avoid missing the chance to participate in early Testnet access and potentially secure substantial airdrop rewards.
However, it is also important to note that Monad has not yet officially announced its native token, and early participation in the project only serves to secure potential future airdrop opportunities.
