Altcoins have no bottom, and 2024's new projects are a bunch of goddamn scams. Starknet, ZKSync and every other recent airdrop was a team grab through and through.
I'm no different from the rest of you. I'm feeling some real pain in the port right now. I have no idea how shit like $MOTHER and $DADDY is outpacing projects with real products like $MASQ and $ENQAI.
The secret to success in crypto — BE FIRST — remains the same regardless of which coins are winning. Be first.
That means getting into funding rounds before the herd. If you can't get in on the funding rounds, get in on the testnet. If you don't have the patience for testnets, the answer is ecosystem.
And there is one ecosystem that offers exponentially more opportunity than others right now and for the foreseeable future — Monad.
Monad
The Monad ecosystem is the most well-funded machine in crypto: $244 million by last count — more than enough money to see through Keone Hon (the CEO)'s vision.
Is that vision is actually worth accomplishing? (tl;dr: yes).
Monad is $244 million of EVM compatibility within a high TPS environment. High enough, in fact, to top Solana. That's bytecode compatibility to instantly port Ethereum's entire project catalogue and a low-fee, high-transaction environment to port the idiots from Solana. Not to mention the runover from comatose chains like Avalanche, Arbitrum, and the unending gaggle of ETH L2s.
Monad is the first L1 that actually has what it takes to be an Ethereum killer.
Prev cycle "killers" never actually improved on Ethereum's two major base points. Solana, Binance, Arbitrum, Avalanche were all faster, but they didn't allow for straight ports. Parallel chains are so far behind the curve — stuff like Neon is barely useable, much less competitive.
Monad is finally the best of both worlds with a quarter billion USD to back it up.
The Monad Team
So there's tons of money and the right words on the vision deck. Next thing you need is a team that won't rug. Hint: You have that with Monad.
The Monad team page is 44 people deep, so of course we can't dive into all of them. Tl;dr: the core team comes from the world of high-frequency trading and so values performance above all else. They're doxxed, if that matters (it doesn't to me; I've been rugged by plenty of doxxed founders), but you can follow their LinkedIns if that makes you feel better.
What actually makes me feel better: Unlike clowns like Richard Heart, Keone knows that actually building Monad is far more profitable than some stupid slow rug. To that end, they've spent 18 months organically building one of the most engaged crypto communities I've seen in years.
300K on Twitter without a testnet/airdrop/points scheme. More importantly, check Monad's per-tweet engagement vs. Linea or Scroll. (Hint: Monad gets the same numbers on a tweet with 300K users that Linea gets with 1.2M users.) Monad memes exponentially outpace Linea, Scroll and other competitors. People genuinely love contributing here.
The team is making the rounds on legit crypto platforms, taking the time to explain ideas thoroughly. I could be 100% wrong, but I feel I can tell the difference between true fintech nerds who enjoy moving the space forward and greasy grifters who learn just enough to raise & rug.
But how to capitalize on this organic momentum? $MONAD funding rounds are closed.
The Monad Ecosystem
^^ The answer is ecosystem. ^^
Monad currently has major builders moving in quickly because of the chain's EVM compatibility. We (I) already know Aave and Euler are porting over, which will draw in other name projects. But these won't have new tokens.
You want to look at the new builders with the ideas that capitalize on Monad base tech, and you want to find the NFTs that have a chance to break into core Monad culture. Yes, I said NFTs; and no, I didn't time warp back to 2021. They're dead everywhere but on Monad.
A few projects to look at:
- Breath of Estova is bringing back those good ol' Final Fantasy/Chrono Trigger RPG vibes. Could be just the thing for a global casual mobile gaming audience to gamify the Monad experience.
- Monad Pad and their NFT project Purple Frens. As the first launchpad on Monad, Monad Pad will likely become an important gatekeeper for other projects on the chain. The NFT also fits in well with Monad core culture, so once it gets in there with Molandak and Chog, you can expect major benefits for being early.
- Curvance is a forward-thinking multichain liquidity management protocol that had the good sense to include Monad in its buidl plans. (But it is multichain, so it probably won't be the best Monad ecosystem play.)
- Monad Name Service is an important utility that brings forward culture. If they come with a token, they have a monopoly similar to ENS that could pay off.
- Poply is the NFT marketplace with the most momentum. Will probably end up being the go to.
You can follow the Monad Eco Twitter as the "official" source. (Of course the official source is always one step behind the unofficial alpha. I still plan on bringing you info faster than they do.) 😎
The Bottom Line
Bottom line — Monad is the project that might just save this shit crypto season. Right now everything's all about Bitcoiners sucking Jerome Powell's dick, Ethereum maxis sucking Larry Fink's dick, and memecoin morons sucking Ansem's dick (except $DOG on Bitcoin: 100% fairdrop, already top 150 Coingecko, and refuses to grant CEX allocations to get listed; please please please make it $DOG 😀).
And Monad.
Watch this space. There's cash to be made.
Follow me on Twitter ❗️This project may save the 2024 cycle.
