GmonadPrice

(GMONAD)

Gmonad is identified as the official community token or 'memecoin' for the Monad ecosystem. It is built with a strong emphasis on a 'Community First' philosophy, aiming to foster engagement and transparency among its users. As a community-driven initiative, it represents a core element of the Monad project's social layer, providing a distinct identity for its members within the Web3 space.

The primary purpose of Gmonad is to serve as a community coin, fostering engagement and rewarding participants within the Monad ecosystem. While not designed for complex technical utility, its tokenomics indicate a focus on community interaction through mechanisms like airdrops and potential future initiatives. It embodies the 'Community First' motto by aiming to involve and benefit its user base, rather than serving a specific technical function on the blockchain.

Gmonad tokens have a total supply of 100 billion, distributed with a significant portion dedicated to the community. 52% is allocated for airdrops to various community members, including Monad testnet participants and NFT holders. Other allocations include 22% for pre-buy events, 8% for liquidity provision, 6% for charity initiatives, 7% for growth and marketing, and 5% reserved for the team.

Monad is an EVM-compatible Layer 1 blockchain engineered for high performance, aiming for 10,000 transactions per second (TPS), 1-second block times, and single-slot finality. It achieves this through advanced technologies like parallel execution and the MonadBFT consensus mechanism. Gmonad serves as the official community token for this Monad ecosystem, representing the social and community-driven aspect of the project, embodying the 'Community First' principle within Monad's technical framework.

Gmonad was created organically by the community itself, driven by a collective passion and enthusiasm for the Monad project. Its inception is rooted in a 'Community First' approach, emphasizing a decentralized, community-led initiative rather than a top-down corporate structure. This community-driven origin underscores its role as a token by and for the Monad community members, reflecting their shared interest and support for the ecosystem.

Gmonad's liquidity is established through a specific allocation of its total supply and proceeds from events. 8% of the total Gmonad tokens are allocated directly for liquidity provision. Additionally, 100% of the funds generated from pre-buy events are also dedicated to enhancing liquidity. This combined liquidity is then either permanently burned or locked by the project's custodian, ensuring stability and availability for trading.