$HYPE $MON
# Monad Protocol Users Upset Over the MON Airdrop? Uncover the Key Issues Now!
The recent hyperliquid news regarding Monad Protocol has stirred controversy in the crypto community. Monad has launched a portal for users to claim the airdrop of its native MON token, with the window closing on November 3. However, this announcement has been met with significant backlash as many users express concerns over eligibility criteria that appear misaligned with recent developments.
Hyperliquid and HypurrNFT Users Left in the Lurch
Initially, Monad specified that users of Hyperliquid, Phantom perps, and holders of HypurrNFT would be eligible for the MON airdrop. Nonetheless, reports suggest that a minimal number of HypurrNFT holders meet the criteria, leading to frustration among those who have traded substantial volumes—over $200 million on perps. This has led to sentiments such as “this airdrop is a joke,” illuminating the gap between expectations set by Monad and the actual experience faced by its community.
According to the outlined eligibility criteria, Monad aims to distribute tokens to over 235,500 users. This group includes active community members who have consistently engaged with the project on social media and participated in various initiatives. However, the criteria extend to traders with high trading volumes on decentralized exchanges like Hyperliquid, long-term holders of well-known NFTs (such as CryptoPunks and Pudgy Penguins), participants in DAO voting on Ethereum-based platforms, and developers contributing to ecosystem projects.
Critics Question Monad’s Commitment to Users
Critics have raised significant concerns about the transparency and fairness of Monad’s airdrop strategy. DeFi researcher Coin Metrika sharply criticized the criteria, revealing that only 5,500 wallets are deemed eligible, representing a mere 0.74% of Monad’s Discord users. In contrast, the project is distributing airdrops to 225,000 addresses outside its community, many of whom likely remain unaware of Monad and the impending claim deadline.
In a satirical summary of the situation, Coin Metrika outlined the perceived absurdity of the criteria: “If you haven’t figured it out yet: you have roles in Discord that are difficult to obtain—thank you, we’re not interested in you because you’re poor! You participated in our testnet—thanks for helping us test the product for free, which we sold to investors for a lot of money.” This critique underscores rising dissatisfaction among users of Hyperliquid, HypurrNFT, and the broader crypto community regarding Monad’s handling of its airdrop initiative.
The Wider Implications for the Crypto Community
These developments raise broader questions about the commitment of blockchain projects to their user bases. As the crypto market matures, transparency and fairness in initiatives like airdrops will likely become increasingly important. Users are keenly aware of the potential for exploitation and misunderstandings, especially when significant sums of money are involved.
As of now, HYPE is trading at $39, reflecting a 13% loss over the past week. This market reaction may further influence perceptions of Monad and its approach to community engagement.
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In conclusion, while the MON airdrop represents an exciting opportunity, the execution and communication surrounding it have left much to be desired. The ongoing backlash serves as a reminder that community trust is paramount in the decentralized ecosystem.
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