Monad has become one of the most talked-about names in crypto this year. Despite controversy surrounding its airdrop—mainly about the distribution criteria and fairness among user groups—the project is moving forward with its next fundraising phase: a public sale on Coinbase.
1.Monad Token Sale on Coinbase
Coinbase has officially launched its new public token sale platform following the $375 million acquisition of Echo Launchpad in October 2025. This marks a historic moment for U.S. retail investors, who can now legally participate in early token offerings for the first time since the SEC crackdown on ICOs in 2018.
So far, Monad has raised $244 million from top-tier funds including Dragonfly, Paradigm, Electric Capital, and OKX Ventures. The Coinbase sale aims to raise an additional $187.5 million, pushing Monad’s total funding to $431.5 million—placing it among the most well-funded blockchain projects, surpassing Layer 1 and 2 peers such as Aptos and Near ($350M), Solana ($314M), and Sui ($300M).
Technically, Monad is a high-performance Layer 1 blockchain fully compatible with the Ethereum Virtual Machine (EVM), capable of 10,000 transactions per second with ultra-low gas fees. Its vision is to become the “Solana on Ethereum’s virtual machine,” combining speed, efficiency, and the familiar EVM developer experience to drive mass adoption.
2.The First Layer 1 Token Sale on Coinbase
Monad (MON) is the first project to debut on Coinbase’s new launch platform. The sale runs from November 17–22, 2025, just before the mainnet launch scheduled for November 24.
A total of 7.5% of MON’s supply (7.5 billion tokens) will be sold at $0.025 each, valuing the network at a $2.5 billion FDV. The pre-market price currently hovers around $0.05 per token, making this one of the largest IEOs in history with a target raise of $187.5 million.
According to Coinbase, this token sale format was designed to fix issues plaguing traditional launchpads, which are often dominated by whales or unfair staking systems.
Key features include:
- Fill-from-bottom allocation: Prioritizes smaller orders, giving retail users a fairer chance to buy.
- Anti-dump mechanism: Sellers within 30 days of listing lose priority access to future sales.
- Limited frequency: Only one project will be listed per month to focus liquidity and marketing.
- Full transparency: Projects must disclose tokenomics, team details, and are banned from OTC trading for six months.
However, if you want to buy MON at a more preferential price, you can join the event below. MON Launchpad on MEXC is a rare chance to grab the token at an exclusive price of just 0.02 USDT after a 60% discount. This is not just an investment opportunity but also a chance to join a vibrant community, exploring all the unique perks and mechanics of the Launchpad. The event is fully organized and sponsored independently by MEXC, ensuring transparency and fairness for all participants. Don’t miss the chance to be among the first holders and experience this unique Launchpad!
3.Monad Tokenomics
3.1 Basic Information
MON is the native token of the Monad network, used for transaction fees, staking, and validator incentives. When the public mainnet launches in November 2025, MON will have a total supply of 100 billion tokens.
Only 49.4% (49.4B MON) will be unlocked at mainnet launch, while the remaining 50.6% (50.6B MON) will be gradually vested over four years until Q4 2029.
At the same time, Monad adopts an elastic supply model: each block issues 25 MON as rewards, equivalent to about 2% annual inflation. However, a portion of the base transaction fees is permanently burned. As network activity increases, the amount of MON burned could fully offset inflation, pushing the total supply toward a stable or even deflationary state.
3.2 Token Allocation
Monad’s token distribution reveals a strong focus on ecosystem growth, with the rest split among team, investors, and the public.
- Ecosystem Development (38.5%) – 38.5B MON allocated to the Monad Foundation for infrastructure grants, validator incentives, and dApp support. These tokens will be spent gradually to sustain long-term ecosystem development.
- Team (27%) – 26.99B MON reserved for the Monad Foundation and Category Labs teams and advisors. Tokens are locked for one year and vested over the following 3–4 years.
- Investors (19.7%) – 19.68B MON distributed to investors from 2023–2024 funding rounds, locked for four years with a one-year cliff and linear vesting.
- Public Sale (7.5%) – 7.5B MON sold via Coinbase at $0.025 each, raising $187.5 million and distributing tokens to retail participants.
- Category Labs Treasury (4%) – 3.95B MON reserved for future hires, developer incentives, and research funding.
- Airdrop (3.3%) – 3.33B MON distributed to the community to spark on-chain activity and user engagement before mainnet launch.
Overall, 49.4% of supply (Ecosystem Development, Public Sale, Airdrop) will be unlocked at mainnet launch, while 50.6% (Team, Investors, Treasury) remains locked long-term. Locked tokens cannot be staked early to prevent validator rewards from concentrating among insiders. Full unlock is expected by Q4 2029.
3.3 Valuation
Shortly after the sale and tokenomics announcement, MON’s derivative price on exchanges like MEXC dropped from $0.065 to $0.055 (a 15% decline), reflecting a market FDV of around $5.5 billion. However, this is still twice the Coinbase sale valuation of $2.5 billion.
On Polymarket, prediction traders forecast Monad’s FDV on listing day to fall between $2–3 billion, aligning closely with the Coinbase valuation.
This has sparked intense debate within the community. Critics argue that the valuation is excessive for a blockchain that hasn’t launched its mainnet or proven real product-market fit. Instead of offering early supporters a fair entry point, Monad’s valuation is already comparable to established Layer 1s with real revenue and active users.
Optimists, on the other hand, see this as a historic opportunity: Monad is the first-ever project sold directly on Coinbase, giving it unique legitimacy and visibility in the U.S. market.
4. Conclusion
After years of silence following the 2017 ICO bubble, public token sales are making a comeback—with a very different face. Gone are the days of shady whitepaper clones. The new era is led by well-funded, institution-backed blockchains with clear roadmaps and long-term goals.
Coinbase hosting a public sale for Monad is a turning point. The U.S., once the strictest country on ICO regulations, is now reopening the door to onchain fundraising. This reflects both a shift in legal attitude and a rising level of mainstream acceptance for crypto in America.
As the SEC loosens its grip and compliant platforms like Coinbase step in as “regulated launchpads,” we could be witnessing the start of ICO 2.0—a cycle where retail users can join early, institutional investors can participate legally, and projects are judged by real performance rather than hype and token dumping.
Disclaimer: This content does not constitute investment, tax, legal, financial, or accounting advice. MEXC provides this information for educational purposes only. Always do your own research, understand the risks, and invest responsibly.
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