What is MON
- MON is the native token of the Monad network.
- Fortytwo uses MON to pay for transaction fees (gas) when interacting with the Monad network. Fortytwo leverages Monad as its blockchain settlement layer for transparency and reward distribution.
Why Keep MON in Your Node’s Wallet
A minimum MON balance is required for your node to operate smoothly. Your node executes the following actions:1. Signs an interaction contract with Fortytwo
1. Signs an interaction contract with Fortytwo
The first interaction with the network is signing the Fortytwo smart contract.
- It generates a key pair that is used for user identification and allows your node to participate in inference rounds.
- The regeneration of the key pair occurs once over a long period, which requires re-signing the Fortytwo smart contract that allows your node to continue its participation. It is a security step necessary to protect your node.
- The gas cost in this case is negligible and is not compensated.
2. Pays for gas for node operation
2. Pays for gas for node operation
Writing an inference round result to the network is done by the round leader.The round leader is the node that showed the best performance — the node that provided the best response and got the most of the reward and reputation out of it.
- This MON expense is compensated by the network.
- This is the event that grants the participants of the inference round with their rewards.
- If your node doesn’t have the minimum amount of MON at the start of the round , it will not be allowed to participate.
- If the block leader does not have enough MON in their wallet at the end of the round, the next user in the round will be picked to perform this action. However, your node’s reputation will be affected if the former happens.
MON Balance Recommendations
Balance recommendations are based on the compensation cycle. Devnet compensation cycle is managed by Fortytwo. In case the amount of MON on your node’s wallet is too low and it runs out between the compensation events, your node will stop its participation until refilled.
Do not transfer the compensated MON out of your wallet. This behavior will terminate the compensation cycle on your node.
- Minimum:
0.3 MON— allows interaction with the Fortytwo network. - Optimal:
3.5 MON— your node should be able to operate between the compensation events without interruption. - Safe:
6 MON— completely eliminates any risk of running out of MON between the compensation events.
Do not keep large amounts of MON in your wallet. Fortytwo is still in devnet stage and large balances do not provide any additional advantages.
What Happens if Balance Drops Below 0.25 MON
- Your node stops its participation in inference rounds and stops receiving participation rewards.
- Your node will return to work as soon as a compensation event comes through.