The Monad Foundation completed a lockout arrangement for some early investors, MON, with a maximum set-off of $6.0 million. The Foundation indicated that the vast majority of invited investors did not choose to sell, which meant that the actual participation in the exit route was low.

Repurchases don't come to the market early.

This arrangement took place about three months before the investor's tokens began to be unlocked. According to the design, a holder willing to accept a discount may receive cash in advance, rather than waiting for a currency to be traded for sale.

According to the Foundation, the repurchased MON will continue to follow the original attribution and settlement lock schedule and will not lead to early entry into the market. Thus, the operation itself would not directly increase short-term voltage.

Monad is a block chain that is compatible with the application of the Taifeng, and MON is mainly used to pay for the processing fees on the chain and to participate in network security maintenance.

The first investor unlocked it in November.

According to the article, early investors were allocated approximately 19.7 billion MON, close to 20 per cent of the initial total supply. These tokens were locked on the Monad public network last November, waiting for a year to start unlocking and then released on a monthly basis for a full four-year cycle.

This means that November of this year will be the first time that early investors will be able to sell MON properly.

  • MON ' s latest price is about $ 0.021
  • It's about $0.025 less than the public sale price.
  • Current circulation is about 11.8 billion

The chain is growing faster than the currency.

Despite weak currency price performance, DeFi activity along the Monad chain has grown more rapidly in recent times. DeFiLlama data show that the total warehouse funds for DeFi applications deployed on Monad have risen from approximately $360 million on 2 July to approximately $895 million, an increase of nearly 150 per cent in six weeks.

At the same time, the amount of money in the Monad chain is about $707 million, and the volume of transactions processed by the Decentralized Exchange over the past 24 hours is about $79 million.

However, simply because there were fewer sellers in this buy-back arrangement, it was not possible to direct a clear appreciation of Mon by the market. This is because the Foundation did not disclose the value of the buy-back discount, the amount of the final actual use, and the number of participating investors.

The Foundation stated that the purpose of this arrangement was to provide liquidity for early investors whose investment needs or financial plans changed, while keeping the remaining holders as consistent as possible with the long-term interests of the project.