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(GMONAD)

The GMONAD memecoin functions as a "cultural artifact" and the primary community-led token for the Monad Layer-1 blockchain. Unlike protocol-level utility tokens, its purpose is primarily social and cultural. It serves as a mascot for early Monad adopters, aiming to foster identity through lore, memes, and community rituals. The project is known for its "no promises" and "no roadmap" philosophy, positioning itself as a pure expression of the community's spirit.

The project has allocated 52% of its 100 billion token supply to the community. Qualification criteria typically involve active participation in the ecosystem's early stages. Common benchmarks for eligibility include holding specific "Gmonad Testnet NFTs," being among the top holders of testnet tokens, or being included on the broader Monad ($MON) ecosystem participation lists. These distributions are intended to reward those who contribute to the network's early culture and testing phases.

No, GMONAD is not the native token of the network. The native gas and staking token for the blockchain is $MON. While GMONAD is a community-led initiative that brands itself as the "official community coin" to signify its deep alignment with the ecosystem's culture, it is separate from the technical governance and utility of the underlying Layer-1 protocol.

In the context of decentralized finance, gMONAD is a liquid staking derivative. When users stake their native $MON tokens through supported liquid staking protocols, they receive gMONAD as a receipt token. This allows participants to earn staking rewards from the network while maintaining liquidity. Because the staked value is represented by gMONAD, users can continue to use their assets across the ecosystem without waiting for traditional unbonding periods.

The gMONAD token is designed to enhance capital efficiency for stakers. It can be used as collateral in lending and borrowing protocols or provided as liquidity on decentralized exchanges. This enables users to benefit from underlying staking yields while simultaneously participating in other yield-generating activities or financial strategies within the Monad ecosystem, effectively allowing their assets to perform multiple functions at once.

The Monad blockchain is an EVM-equivalent Layer-1 network, meaning it supports all standard Ethereum development tools and smart contracts. Its standout feature is "Parallel Execution," which allows the network to process multiple transactions simultaneously. This technical innovation enables the blockchain to reach speeds of up to 10,000 Transactions Per Second (TPS), providing a high-performance environment for both community-driven memecoins and complex liquid staking protocols.