I don't think the Monad ICO will be a cook for us on CT. It looks like the new platform will be optimized for large-scale distribution among all Coinbase users. So not the Echo/Solar model that MegaETH used. In other words: 1) No real advantage for us, as CT and on-chain activity outside of Coinbase are unlikely to be taken into account. 2) Large user base, many participants, low average allocation. The distribution of the MegaETH ICO was good because the circle of participants was rather small (around 5k wallets) and we had an advantage over the average retail participants because: a) Participation involved more friction. b) There were on- and off-chain selection criteria. Monad plans to raise $187M USD here. Coinbase has 11M monthly active users. If only 10% of them participate here, the average allocation will be close to the minimum ($100 USD), which means a profit of $100 USD based on pre-market. Congratulations