🤑 Monad ICO: 160M Tokens Loaned to Market Makers – Who’s Getting Rich? 🚀

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In the dusty plains of the crypto frontier, Coinbase has unfurled a scroll of secrets, revealing the intricate dance of the Monad ICO. Like a barn dance gone wild, this disclosure lays bare the deals and loans that’ll make or break the fortunes of a few lucky cowboys. 🕵️♂️

  • Coinbase, the town crier of the digital age, spilled the beans on Monad’s market maker shenanigans. Galaxy, GSR, Wintermute, and their kin are in line for a whopping 160 million MON tokens-all in short-term loans. 🤝
  • Come November 17, the Monad ICO will unleash 7.5 billion MON tokens at a humble $0.025 apiece. The team’s hoarding 27% under lock and key for years, while 38.5% is tossed into the ecosystem like seed in a barren field. 🌱

This ain’t your grandpappy’s ICO. Coinbase’s disclosure is like a spotlight on a cockroach-infested kitchen-you can’t unsee it. For the first time, a bigwig institution’s laid out the whole shebang: the names, the loans, the durations. Even the third-party watchdog, Coinwatch, is on the prowl to keep these market makers in line. 🐕

According to the parchment, MF Services (BVI), Ltd.-a subsidiary of the Monad Foundation-has struck deals with five market makers. CyantArb’s the big dog here, snagging 50 million MON for a month. Auros, Galaxy, and GSR are next in line with 30 million each, while Wintermute’s playing the long game with 20 million for a whole year. 🏆

All told, these loans add up to 160 million MON-a cool $4 million at the starting price. But don’t get too comfy; these deals can be renewed monthly, like a never-ending soap opera. And Coinwatch? They’re the nosy neighbor making sure no one’s slacking. 👀

MF Services isn’t stopping there. They’re tossing 0.20% of the initial token supply into decentralized exchange pools for liquidity. Coinbase calls it a “short-term effort,” but we all know it’s just a band-aid on a bullet wound. 🩹

Monad ICO: 7.5 Billion Tokens Up for Grabs

Mark your calendars, folks. The Monad ICO kicks off November 17 at 9:00 AM EST and wraps up November 22. They’re peddling 7.5 billion MON tokens-a mere 7.5% of the total supply. At $0.025 a pop, it’s a steal… or a scam. You decide. 🤔

The price? Fixed, like a stubborn mule. Based on the fully diluted value of the Monad Network, which stands at $2.5 billion with 100 billion tokens in the wild. The team’s got their hands in the cookie jar with 27% of the supply, locked up tighter than a drum for at least a year. ⏳

Ecosystem development gets 38.5%, unlocked right out the gate. Investors snag 19.7%, and Category Labs (formerly Monad Labs) gets 4%. Then there’s the airdrop-3.3 billion MON for the community, because who doesn’t love free stuff? 🎁

So there you have it, folks. The Monad ICO is a wild ride, full of loans, locks, and a whole lot of tokens. Will it be a gold rush or a ghost town? Only time will tell. 🌪️

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2025-11-11 13:45