Coinbase Kicks Off New Token Sales Platform with Monad’s MON Launch

Monad, the high-speed Layer 1 blockchain aiming to combine Solana-level performance with Ethereum compatibility, is set to launch its long-awaited MON token through Coinbase’s new token sale platform, marking the exchange’s first public sale under the new system.

The sale will open on November 17 at 9 a.m. ET and run until November 22 at 9 p.m. ET, accessible to users in over 80 countries, including the United States. According to the announcement, 7.5% of MON’s total supply will be available via Coinbase at a fixed price of $0.025 per token, with minimum bids starting at $100 and a cap of $100,000 per participant.

Monad’s total supply of 100 billion MON tokens will be divided across key categories:

• 38.5% allocated to ecosystem development,
• 27% to the team,
• 19.7% for early investors, and
• 4% for the Category Labs Treasury.

Coinbase’s Entry Into Token Sales

Coinbase unveiled its “end-to-end token sales” platform on Monday – a new initiative aimed at bridging traditional crowdfunding with regulated crypto offerings. The move follows Coinbase’s $400 million acquisition of Echo and Sonar, token sale platforms built by prominent crypto trader Jordan “Cobie” Fish.

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Monad’s sale marks the platform’s first major launch. The Monad Foundation confirmed that the MON sale will be conducted through its subsidiary MF Services (BVI) Ltd., and that the Monad mainnet will officially go live on November 24, just two days after the sale ends.

Tokenomics and Lockup Details

Monad’s tokenomics plan, released alongside the announcement, outlines a carefully structured vesting schedule. While the airdrop (3.3%) and public sale (7.5%) allocations will unlock immediately, all tokens for team members, investors, and the treasury will remain locked from day one of mainnet launch.

Roughly 50.6 billion tokens (50.6%) will be locked initially and cannot be staked. The Monad Foundation will oversee long-term resource management through grants, validator delegation programs, and targeted ecosystem incentives.
Building the Future of High-Speed DeFi

Founded in 2022, Monad has raised $225 million to develop its EVM-compatible blockchain, positioning itself as a high-performance alternative to Ethereum. With its first public sale now imminent and Coinbase as its launch partner, Monad enters a new phase – one that could place it at the forefront of the next generation of scalable DeFi platforms.