Derived from The Defiant, Layer 1 blockchain Monad has faced backlash from its community after revealing its tokenomics. Only 10.8% of the total MON supply will be available to retail users through a 3.3% airdrop and 7.5% public sale, while over 50% is allocated to investors, team, and treasury. Longtime community members and investors have criticized the distribution as unfair, with some calling it a betrayal of earlier promises. Despite the criticism, some market participants remain bullish on the project following the Coinbase token sale announcement.
Monad Tokenomics Spark Community Outcry Over Retail Allocation
The DefiantShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.