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>>What started as a flop has turned into a triumph, with Monad’s MON token sale finishing oversubscribed on Coinbase.

What started as a flop has turned into a triumph, with Monad’s MON token sale finishing oversubscribed on Coinbase.

crypthub

about 5 hours ago

Token Sale Outcome

Monad’s MON token sale on Coinbase closed with $269 million raised from 85,820 participants, surpassing its $187 million target. The co‑founder highlighted the participant count as the key metric, noting a mix of crypto insiders and newcomers. A dramatic activity surge at the end secured the oversubscription. The team plans to launch the mainnet on the upcoming Monday.

Technical Design

The network is EVM‑compatible at the bytecode level, allowing Solidity contracts and existing tooling to run unchanged. Its custom code database and low system requirements enable validators to operate on consumer‑grade hardware. This architecture aims to deliver genuine decentralization from day one.

Market Context and Transparency

Initial sales lagged, reaching only 45 % of the goal amid a broader market crash that erased over $1 trillion in value. The late‑stage surge reversed early concerns and confirmed strong demand. The co‑founder emphasized transparent communication and focusing on stakeholders who will drive the project’s growth.