The post Monad ICO loans 160M tokens to five market makers appeared on BitcoinEthereumNews.com.

Coinbase published a token sales disclosure for the Monad ICO that contains detailed information about its market maker operators and how many tokens are loaned to each firm. Summary Coinbase revealed full details about Monad’s market maker arrangements, involving Galaxy, GSR, Wintermute and others. The firms will collectively receive 160 million MON in short-term token loans. The Monad ICO, which takes places on Nov. 17, will offer up 7.5 billion MON at a starting price of $0.025. Around 27% of the token supply will be reserved for the team under a multi-year lockup scheme and 38.5% goes to ecosystem development. Coinbase’s disclosure may be one of the first cases where a large institution fully discloses the list of market makers participating in the initial coin offering for Layer-1 EVM blockchain Monad. The document lays out not only the names of the five market makers involved, but also the scale of funds loaned to each firm and the duration period of each loan. According to the document, the Monad Foundation subsidiary firm MF Services (BVI), Ltd. has signed token lending contracts with five market makers in the crypto space. The largest loan of MON tokens has been promised to CyantArb, amounting to 50 million MON which will be loaned to the firm for one month. On the other hand, three market makers will receive a loan of 30 million MON for the duration of one month. These firms are Auros, Galaxy and GSR. Lastly, Wintermute will receive a loan of 20 million MON that it can hold for one year at most. Information disclosed for market maker agreements regarding Monad ICO | Source: Coinbase The total amount of tokens allocated to market makers is a combined 160 million MON, which according to its initial set market price of $0.025, will be…

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Filed under: News - @ November 11, 2025 11:26 am