GuShiio.com This article will provide you with a detailed introduction to Monad’s project background and financing situation, how to receive test coins, and specific guidelines for participating in test network interactions, helping you quickly get started with the Rising Star project and get a lot of work.
Written by 1912212.eth, Foresight News
On February 19, the Tianwang project Monad was officially launched on the test network. As a project featuring ultra-high throughput, low-cost transactions and full compatibility with the Ethereum Virtual Machine (EVM), the launch of Monad not only attracted the attention of many developers, but also ignited the enthusiasm of ordinary users to participate in testing.
This article will provide you with a detailed introduction to Monad’s project background and financing situation, how to receive test coins, and specific guidelines for participating in test network interactions, helping you quickly get started with the Rising Star project and get a lot of work.
High-performance public chain Monad
Monad is a Layer-1 blockchain that focuses on scalability and high-performance and aims to address the pain points of existing public chains such as Ethereum in terms of transaction speed and cost. Its core goal is to achieve ultra-high throughput of 10,000 transactions per second (TPS) while reducing Gas fees to extremely low levels and maintaining seamless compatibility with the Ethereum ecosystem. Compared with current mainstream public chains, Monad’s performance goals even exceed Solana (approximately 1,500 TPS), which makes it highly anticipated by the community.
Monad’s technological innovation is mainly reflected in two aspects. The first is its unique MonadBFT consensus mechanism, which is an optimized Byzantine fault-tolerant algorithm that can significantly improve transaction confirmation speed while ensuring decentralization. The second is a parallel execution architecture that allows transactions and smart contract computing tasks to be performed simultaneously, thereby significantly improving network efficiency. These features make Monad theoretically not only suitable for daily payment scenarios, but also support complex decentralized applications.
Behind Monad are core team members including Keone Hon (CEO), who has served at top financial technology companies such as Jump Trading, and other technical experts who have been deeply involved in distributed systems and encryption technology for many years. With its strong technical strength and clear vision, Monad has performed well in the financing market. According to public information, Monad Labs completed a US$225 million seed round of financing led by Paradigm in early 2024, setting a new record for the financing amount of the Layer-1 project at that time. Participating institutions also included well-known venture capitalists such as Electric Capital, Coinbase Ventures and Castle Island Ventures.
Get test coins to participate in the test
Currently, wallets that support the Monad test network include Phantom, OKX Web3 wallet, Backpack, etc. After confirming that a supported wallet is installed, choose to add this network to the wallet.
The network parameters are set as follows:
- Network name: Monad Testnet
- RPC URL： https://testnet-rpc.monad.xyz
- Chain ID: 10143
- Currency symbol: MON
- Block Browser URL: https://www.example.com
The first step in participating in the Monad Test Network is to obtain test coins. The tokens in the test network are not real assets and are only used for simulated transactions and testing functions.
The official website provides the following ways to receive test coins, and users can choose the appropriate method according to their needs.
Official faucet
Monad officially set up the faucet function on its test website page. Users only need to connect to a compatible wallet (such as MetaMask), enter the wallet address and complete simple Captcha verification to receive a certain number of test tokens. To prevent abuse, there are limits on the number and quantity of collections per day, with a maximum of one request every 12 hours. (If you are experiencing problems using the faucet, check your existing EVM address-there may already be funds there)
Community missions and airdrops
Through cooperation with the community, the Monad team has launched a number of testnet tasks, so that users can receive additional test coins after completing specified operations. For example, if you follow official accounts on Discord or Twitter, participate in AMA (Question and Answer Activity), or invite friends to join the test network, you will all have the opportunity to receive rewards. Currently, Monad officials have airdropped test coins to more than 8.8 million active Ethereum addresses (meaning that these addresses may have passed witch screening). Users can click on the link to view the number of test coins available. https://testnet.monadexplorer.com/
Third-party platform support
Some blockchain testing tool platforms, such as Alchemy or QuickNode, may work with Monad to provide test coin collection services. Users can apply through the developer pages of these platforms, with a process similar to official faucets, but occasionally with more reward tokens, suitable for developers who need large amounts of test coins. When receiving test coins, it is recommended to use a wallet address specially configured for the test network to avoid confusion with the assets of the main network.
interaction guide
After obtaining the test coins, users can start interacting with Monad Test Network. The following are the main steps to participate in testing
Basic interactions: transfers and transactions
The easiest way to interact is to transfer test coins. Users can send a small amount of MONAD to other addresses (such as a friend’s test wallet) to experience transaction speed and fees.
Deploy and invoke smart contracts
For developers, Monad’s EVM compatibility is a highlight. Users can use Solidity to write smart contracts and deploy them to testnet through tools such as Remix or Hardhat. After deployment, you can call contract functions (such as simple counters or token transfers) to test Monad’s parallel execution capabilities. The official provides detailed developer documentation, and it is recommended to refer to the example code to get started quickly.
Participate in ecological DApp testing
Monad TestNet may have launched some early DApps, such as DEX or NFT Markets. Users can find these applications through a blockchain browser or community recommendations, connect to their wallets and interact. These operations not only help familiarize themselves with the ecology, but may also accumulate points for subsequent main-network airdrops. Ecological official website: https://www.monad.xyz/ecosystem
precautions
- Security: The test network does not involve real assets, but you still need to be wary of phishing links and fake websites, and give priority to official channels.
- Feedback: Monad encourages users to report bugs or suggestions found during testing, which can be submitted through its official website or Discord.
- Recording: Keep a record of interactions (such as transaction hashes) for future activities.
Finally, in addition to participating in testnet interactions, we can help Monad write some tutorials, submit bugs or constructive opinions, help it do localization promotion (operating Twitter, etc.), and help introduce industry resources to the project team (interviewing, introducing well-known projects), etc., there is also a certain probability of receiving official rewards.
