autorenew
Monad's Bold Move: Skipping Binance for a Fairer ICO Launch?

Monad's Bold Move: Skipping Binance for a Fairer ICO Launch?

A recent thread on X has the crypto community buzzing about Monad, a high-performance layer-1 blockchain project inspired by Solana's architecture but aiming for even faster transaction speeds through parallel execution. The discussion kicked off with a post from @The__Solstice asking, "What is this about monad purposely avoiding binance? Are they the first big ICO to not hand them 10% to dump?"

This question touches on a common practice in the crypto world where projects often allocate a significant portion of their tokens—sometimes up to 10%—to major exchanges like Binance in exchange for listings. These allocations can lead to quick dumps by the exchange, flooding the market and potentially harming early investors. Monad's rumored decision to skip this step could mark a shift toward more equitable launches.

Replies in the thread show a mix of respect and curiosity. For instance, @locolive_51 praised the move: "Honestly respect it if they did. Let VCs and retail fight over allocations, not hand Binance a 10% toll just so they can farm you for exit liquidity." This highlights a growing frustration with centralized exchanges (CEXes) acting as gatekeepers, often prioritizing their profits over community-driven growth.

Another user, @RealThings_0x, added, "monad just dodged the toll booth everyone pretends doesnt exist. if they pull a clean launch without feeding a giant, thats a shift. real distribution beats pay to list." Here, "toll booth" refers to the unspoken fees or allocations projects pay for visibility on top platforms. A "clean launch" means distributing tokens more fairly, perhaps through decentralized methods or community airdrops, which could lead to stickier holders—investors who hold long-term rather than sell immediately.

The thread also ties into the meme token scene with a reply from @MONADCHANN, the self-proclaimed "blockchain waifu," saying, "I know you love $monadchan." This nods to $MONADCHAN, a meme token likely riding the hype around the Monad project, blending serious tech with fun, community-driven memes that often amplify project visibility.

Monad Chan anime-style character representing the meme token

If Monad indeed avoids Binance, it could inspire other projects, especially in the meme token space where fair launches are a big selling point. Tokens like those on Solana often launch via decentralized exchanges (DEXes) to avoid CEX dominance, fostering organic growth through viral communities rather than paid listings.

Other comments, like @zipwas noting "the longer binance doesnt cave and list the funnier it gets," suggest a potential standoff that could boost Monad's narrative as an underdog challenging the giants. @wizzyknows simply called it "Pretty based ngl," crypto slang for something authentically cool and principled.

For newcomers, an ICO (Initial Coin Offering) is like a crowdfunding event where projects sell tokens to raise funds, often before the network goes live. By not giving Binance a cut, Monad might ensure more tokens go to developers, users, and early supporters, potentially leading to a healthier ecosystem.

This thread underscores a broader trend in blockchain: moving away from centralized control toward decentralized, community-focused models. As meme tokens continue to thrive on platforms like Solana, projects like Monad could bridge high-tech infrastructure with meme culture, creating exciting opportunities for builders and traders alike.

Stay tuned to Meme Insider for more updates on emerging trends in meme tokens and blockchain tech. If you're diving into Monad or $MONADCHAN, always do your own research—crypto moves fast!

You might be interested