Monad, an Ethereum rival, offered early investors up to $60 million to cash out. Almost all said no
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4 Articles
Monad, an Ethereum rival, offered early investors up to $60 million to cash out. Almost all said no
The program came three months before investor unlocks begin, with MON trading below its public-sale price and most of the token supply still outside circulation.
Key Points of the News Outgoing offer to investors: Monad created a $60 million program to buy back blocked MON from initial investors, but the stake was minimal. Token economy: MON is listed below its public selling price, with major unlocks starting in November and a circulating supply close to 11.8 billion. Network growth: The activity in Monad's DeFi ecosystem has skyrocketed, with deposits rising to approximately $895 million and stablecoin…
Monad Foundation's $60M MON Buyback Offer: Most Early Investors Decline
BitcoinWorld Monad Foundation’s $60M MON Buyback Offer: Most Early Investors Decline The Monad Foundation recently offered to purchase locked-up MON tokens directly from early investors at a discounted price, but the majority of those eligible chose not to sell. According to the foundation, the total purchase size amounted to $60 million, and the MON it acquired remains subject to the original four-year lockup period. Program Details and Ration…
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