How to 2x Your Money in November!
The Monad Public Sale is the first ICO by Coinbase.
There is a juicy opportunity coming up that can easily double your money in November.
The Monad Public Sale goes live on Coinbase between 17-22 November!
At the time of this post, the pre-launch price of MON on Hyperliquid is around 5 cents. The public sale by Coinbase goes for 2.5 cents a token. An easy 2x on your money if nothing changes by the time the token goes live on November 24th!
Let’s dive into the details first and then share when I plan to sell.
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The Monad Public Sale is a first by Coinbase. The new friendly regulatory environment in the US (thanks to Trump) has allowed US-based entities like Coinbase to join the ICO (initial coin offering) frenzy.
Monad is also one of the biggest blockchain networks to go live this year.
Why is this big?
Because Coinbse has over 120M users that are KYC-verified. Even if only 1% of those join this ICO, the sale will be a massive success since only $160 has to be bought by each user to exhaust this allocation.
Here is the sale TLDR:
Start/end dates: November 17 to November 22
Sale Price: $0.025
Public allocation: 7.5% (7.5B $MON)
Total supply: 100B $MON
Ticket size: $100-100K
Model: fill-from-the-bottom (small bids first)
Distribution: at mainnet launch on November 24
If you plan to buy into this sale, note this part of Coinbase disclaimers:
Users that sell their tokens shortly after they get listed (less than 30 days) may receive smaller allocations in subsequent sales.
In other words, if you dump on November 24th for a quick flip, the next Coinbase ICO will penalize you. Either way, if MON stays around 5 cents or goes higher on TGE day, you’ll sit on a nice profit. Here’s the Hyperliquid pre-launch chart.
As you can see, MON has a good shot to go to 10 cents or higher if the price action stays bullish post-TGE. That’s because only 10% of all tokens will be liquid on launch day.
Only the Airdrop allocation (3.3%) and Public Sale (7.5%) will be liquid on day 1.
A low circulating supply of tokens is quite bullish initially and with $200M million in cash ready to support the price from the sale proceeds, the Monad team has plenty to work with to make this a success.
There’s also the fact that Coinbase won’t want this sale to flop considering it’s their first ICO and their reputation is at stake. If CZ can pump Aster with a simple tweet, I think Coinbase can do even better.
I am not particularly bullish on Monad long-term because their tokenomics are quite inflationary and will put a huge pressure on the price. Nevertheless, in the initial months, this can do quite well.
If you have cash laying around, this is definitely an opportunity to look into. The risk/reward makes it attractive to me. On my side, I’ve already got exposure thanks to their airdrop allocation.
I will revisit this in two weeks after the TGE and give the price a few weeks to find its key levels before making any big decisions. Since Coinbase discourages users from selling in the first month, that allows for some time to see where the price is headed.
I don’t see a reason to sell this on TGE day since the fundamentals are quite bullish at the start. The hype is real, and with Coinbase behind it, the upside is quite large I’d say.
I’ll likely become a seller if Monad reaches anywhere around $10 billion market cap which would place it around Hyperliquid and Chainlink. Sustaining that will be hard, so I’ll take profit there then see.
If you got questions about this sale, reach out on our discord or simply go to Coinbase here. I’ll share more opportunities like this one in my future alpha posts. Make sure to join our Patrons group for that.
Do you plan to join the Monad sale? Reply in the comments and don’t forget to subscribe!
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