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A New Layer-1 Blockchain to Rival Ethereum and Solana: How to Prepare
Dig Deep on Testnet
The Monad Testnet is the first version of the network that is publicly available for users. On the first day of its launch, a variety of apps and protocols were available, allowing users to get a feel for the upcoming mainnet while potentially earning along the way.
The project encourages users to engage with Monad’s testnet using a fresh browser and a fresh wallet for the most secure experience.
Acquiring Testnet Tokens
To interact on testnet, users will need testnet Monad tokens, which can be acquired from the Monad faucet. Testnet tokens do not have any economic value, but allow individuals to facilitate transactions with apps and protocols on the development network. The faucet allows any EVM address to claim Monad testnet tokens every 12 hours. Those with a verified role in the Monad Discord may be eligible to claim a larger share of tokens when using the faucet.
Additionally, in the hope of getting users to engage with Monad testnet, the project sent more than 8.8 million EVM addresses some testnet tokens in advance based on their on-chain activity with other blockchains.
Checking Your Balance
To check your balance, users can add the Monad Testnet to any EVM-compatible wallet. Some popular wallets, like Phantom and Backpack, already provide native support for Monad and its testnet.
Testnet NFTs
A variety of testnet NFTs, such as MonBois, Skrumpets, and LaMouch, have already minted and can be traded. Plus, whitelists from collections like MeowwNads and Chog can be earned via testnet activity.
Social, Betting, Meme Coins, and More
More consumer-focused applications—like prediction markets, social applications, and token launchpads—are also available on testnet. Examples include Kizzy, Nad.fun, and Bean Exchange.
What Benefits Exist for Gaining Exposure to Monad?
In December, the network officially unveiled the Monad Foundation, an independent organization designed to propel the future development and adoption of the Monad blockchain. Though it is not explicitly stated, the creation of a foundation in Web3 is often followed by the creation and distribution of a token. Furthermore, with the unveiling of its development network and "testnet MON" tokens—users are continuing to speculate on a Monad token airdrop. However, no official information has been provided thus far, and participating with testnet is not a guarantee of any future rewards.
Conclusion
Monad is a high-performance Ethereum Virtual Machine (EVM) layer-1 network that aims to rival the speed and scalability of Solana while interacting with the vast Ethereum ecosystem and its applications and protocols. To prepare for this new layer-1 blockchain, users can engage with the testnet, acquire testnet tokens, and participate in various applications and protocols available on the development network.
FAQs
Q: What is the Monad Testnet?
A: The Monad Testnet is the first version of the network that is publicly available for users.
Q: How can I acquire testnet tokens?
A: Testnet tokens can be acquired from the Monad faucet.
Q: What is the purpose of the testnet tokens?
A: Testnet tokens do not have any economic value, but allow individuals to facilitate transactions with apps and protocols on the development network.
Q: Can I use my existing wallet to interact with the testnet?
A: Yes, you can add the Monad Testnet to any EVM-compatible wallet.
Q: What types of applications are available on the testnet?
A: A variety of applications, including prediction markets, social applications, and token launchpads, are available on the testnet.
Q: What is the Monad Foundation?
A: The Monad Foundation is an independent organization designed to propel the future development and adoption of the Monad blockchain.
