Monad, a leading Layer 1 blockchain, recently launched its Testnet on February 19th. The move opens up a new avenue to access opportunities to distribute tokens as airdrop rewards in the Monad Ecosystem.
What is Monad?
Monad is an Ethereum-compatible Layer 1 blockchain capable of processing 10,000 TPS, driven by a team with deep expertise in high-frequency trading and scalability, while still maintaining decentralization by consumer grade hardware. It’s built to work seamlessly with existing Ethereum tools, like smart contracts and wallets, by fully supporting the EVM. To achieve its high speed, the project uses advanced techniques like parallel execution processing and an optimized database.
Learn more: What is Monad?
Developed by Monad Labs, it has attracted significant backing from prominent investors in the crypto space led by Paradigm and DragonFly. The project has raised a total of $244 million across two funding rounds.
Source: Crypto Fundraising
Correlation from the Monad Testnet
After Berachain and Story Protocol TGE, the positive aftereffects from the crypto community are driving the community to shift their support towards Monad. Historically, Layer-1 projects such as Berachain, Hyperliquid, Aptos, and Movement have all executed impressive community distributions.
Moreover, the Testnet Monad has just launched, which is reminiscent of Berachain, as that Layer-1 also ran its Testnet program for an extended period before announcing its Mainnet launch at TGE.
The Kaito AI Dashboard shows the chain consistently maintaining the top leaderboard in daily mindshare, highlighting the significant attention to the chain.
Source: Kaito AI
Monad Ecosystem Airdrop Guide
Step 1: Faucet Test Token
Access here, connect your wallet, and add the Monad Testnet network.
Source: Monad
Thereafter, claim MON Tokens from the faucet every day to get a chance to explore the ecosystem. If you connected your wallet to the Testnet, you might have already received a pre-airdrop of some MON token.
You can also faucet MON from:
Step 2: Try out as many Ecosystem dApps as possible
Don’t forget to distribute $MON Testnet tokens wisely.
- Mint NFT in Monadverse here. Chapters 1 & 2 have been completed in a blink. Furthermore, Chapter 3 Mint Event of this project is expected to open on March 6.
Source: Monadverse
- One of the games that is gaining hype in the population is Monanimal Mayhem. If you are an OG Testnet Monad user, don’t fade it. The first thing you need to do is join this link. Find Monanimal Mayhem, connect your wallet and use code “CRLIIY” to earn more points. The gameplay involves dodging Beasts and upgrading augments to defeat increasing numbers of them.
Source: PLAY – Game Store
- Scroll down from this site. Complete your first trade of these available tokens.
Source: Monad
- Join Kuru Markets, connect wallet and deposit $MON. Purchase several Monad test tokens.
Source: Kuru Markets
- Next, join Nad Name Service, purchase your Nads Domain. It would cost a total of 0.02 $MON for registering.
Source: Nad Name Service
- Deploy Smart Contract on Owlto Finance. Remember to prepare Monad Testnet token MON as fee.
Source: Owlto Finance
- Stake $MON tokens in aPriori Staking.
- Create a custom memecoin on Monad Testnet on Nad.fun.
Source: Nad.fun
- Play Games at fantasy.top
Source: fantasy.top
- Visit Magic Eden, where users can find a dedicated section for Monad Testnet NFT franchising. Purchase your preferred NFTs; but top verified NFTs and high-community enagement projects are guaranteed for potential Airdrop.
Source: Magic Eden
You can also explore further the Monad Network Ecosystem through this space.
Based on past trends, it is observed that projects generally do not place high value on farmers who focus on operating numerous wallets and superficially interacting with dApps.
Step 3: Layer3 quest
Complete quests in Layer3. Try to complete as many quests as possible.
Source: Layer3
Step 4: Get Monad Roles on Discord
Similar to many recent major projects that are based on airdrop distributions on Discord roles, acquiring roles within Monad’s Discord could be a factor in evaluating future token allocation. If you could not contribute directly to the chain, make sure to interact with quality content, including video or art format in their Discord channel.
Step 5: Stake Wormhole token ($W) to earn Monad Airdrop
- Buy $W and withdraw to your EVM wallet. The amount can range from 1000 W to 10000 W, with larger amounts resulting in a higher reward rate than Testnet Monad.
- Go to Tally, connect your wallet. Then click “Start”.
Source: Tally
- Select a Delegator
- Next, transfer $W from the Solana chain of your Solana Wallet to your current EVM wallet in Optimism or Base chain.
- Choose an amount of $W to stake. All done.
Final thought
The Monad Airdrop represents a significant opportunity that investors within the cryptocurrency community should closely monitor to avoid missing the chance to participate in early Testnet access and potentially secure substantial potential airdrop rewards.
However, it is also important to note that Monad has not yet officially announced its native token, and early Testnet participation in the project only serves to secure potential future airdrop opportunities.
