Monad ICO Sets New Transparency Standard with Market Maker Disclosure

Coinbase’s new public token sales platform will launch Monad’s ICO on November 17, marking unprecedented transparency in market maker disclosures involving institutions like Galaxy and Wintermute.

This ICO transparency initiative may set new standards in the crypto sector, potentially impacting ICO regulatory oversight and best practices.

Monad’s ICO: Market Maker Disclosure Unveiled

Monad’s First ICO through Coinbase reveals agreements with market makers including CyantArb, Auros, Galaxy, GSR, and Wintermute. This level of disclosure is unprecedented in the industry, involving a range of strict lending terms and oversight measures.

Introduction of New Practices aims to ensure greater transparency and accountability within ICO processes. Coinbase’s involvement highlights a significant shift towards more responsible allocation and management of these agreements. The Monad’s mission and vision for the future emphasizes this evolving landscape.

Market Response has been largely positive, with Coinbase confirming on social media the opportunity for wider participation in the ICO. This sets expectations for future market stability and consistent engagement. As Keone Hon, Co-founder of Monad, explains:

The public sale is intended to widen participation and introduce the network to a broader audience beyond the core crypto community.

Investor Confidence Grows Amid ICO Price Volatility

Did you know? The Monad ICO’s transparency could pave the way for increased investor confidence, echoing similar transparency shifts from major financial market reforms in the past.

The current MON price stands at $0.02, with a market cap of $9.09 million. Its fully diluted market cap reaches $15.31 million, as reported by CoinMarketCap. Over the past 90 days, MON’s price shows a decline of 21.59%, indicating volatility in the current market environment.

According to Coincu Research, this ICO could lead to improved financial practices, with the potential for regulatory bodies to consider mandating disclosures. These trends support the ongoing demand for more transparent financial activities in the crypto landscape.