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Backpack Founder Praises Monad's Bold Move Skipping Binance and OKX

Backpack Founder Praises Monad's Bold Move Skipping Binance and OKX

In the fast-paced world of cryptocurrency, where exchange listings can make or break a token's launch, Monad is turning heads by doing things differently. Armani Ferrante, the founder and CEO of Backpack and Mad Lads, recently took to X (formerly Twitter) to applaud the team's choice to skip listings on giants like Binance and OKX. "So @monad didn't list on Binance or Okx? I have no idea what happened there but undoubtedly a badass move from the team. 💪💪💪," he posted, quoting Monad's announcement of their current exchange listings.

For those new to the scene, Monad is a high-performance Layer 1 blockchain that's bringing parallel execution to the Ethereum Virtual Machine (EVM). This means faster transactions—up to 10,000 per second—making it a serious contender in the blockchain space. Their token, MON, just hit the market, and instead of chasing the usual big-name centralized exchanges (CEXs), they've opted for a diverse lineup including Coinbase, UpBit, Kraken, and even Backpack Exchange.

Monad MON CEX Listings graphic showing various exchanges

This move isn't just about listings; it's a statement. In an industry often criticized for centralization and regulatory hurdles, skipping Binance and OKX could be a strategic play to prioritize compliance, community-driven growth, or even avoid potential market manipulations that come with massive liquidity pools. Binance, the world's largest exchange by volume, and OKX, a close competitor, have faced scrutiny over the years for everything from regulatory issues to concerns about token dumps post-listing.

Ferrante's praise resonates in the meme token community, where projects often thrive on decentralization and anti-establishment vibes. While Monad itself isn't a meme token, its approach mirrors the rebellious spirit that fuels many viral memes on chains like Solana or Ethereum. By building a strong foundation without relying on the "big boys," Monad might be setting a precedent for future launches, encouraging meme creators to focus on organic growth over hype-driven listings.

The crypto Twitterati echoed Ferrante's sentiments. Replies ranged from "They stood on business" to "Feels like they’re playing the long game here." It's clear this decision has sparked discussions about the future of token distributions and exchange dependencies.

As meme tokens continue to evolve, moves like Monad's remind us that innovation isn't just about tech—it's about strategy too. Whether this pays off in the long run remains to be seen, but for now, it's got the backing of influential figures like Ferrante. If you're looking to trade MON, check out the listed exchanges, and keep an eye on Monad's official X account for updates. More listings are promised soon, so stay tuned.

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