E72: Monad CEO: How a Quant Trader Built one of the Largest Crypto Startups in the World
Keone Hon is the CoFounder & CEO of Monad Labs, the company behind the MONAD blockchain, which offers users 1000x the throughput of Ethereum while maintaining cost-effectiveness. Monad Labs just raised $225M in the largest crypto fund raise of 2024. Keone shares invaluable insights from his journey as a Quant trader to leading Monad Labs from 0 to a Unicorn in just 2 years. In this conversation, we dive into: - How to Master Community Building - What is Monad and why is it so important - The importance of parallelism in Crypto - How Keone and Monad Labs Raised $244 Million in 2 Years - How to launch a token that lives up to expectations - Being detail-oriented in Crypto - Oh Baby Games - Solana - What the Crypto world will look like in 12 months And more! ------------------------------------------------------------------------- JOIN 'KEVIN X SWISSBORG ALPHA CLUB' TO GET BEST ALPHA FROM THE BIGGEST BUILDERS 💰 https://swissborg.com/kevin-follonier/ SPONSORS 💰 Earn up to €100 and be eligible for multiple airdrops by Registering to Swissborg via the following link: https://join.swissborg.com/en/r/dylan... 🤖 SwissBorg is Europe’s top trusted crypto app offering user-centric investment platforms and DeFi asset management with reliability and innovation. ♾ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com/ ♾️ Astar Network is a Web3 hub for innovation, offering tools and a blockchain platform for decentralized apps and smart contracts. It invites users to innovate and connect in a community-driven ecosystem, transforming ideas into reality with its robust infrastructure. https://astar.network/ 🔘 Mantle Network enhances dApp development with Ethereum's security, low fees, and quick transactions through innovative layer-2 technology. Users can stake ETH for mETH, contributing to a transparent, community-driven ecosystem governed by $MNT token holders, fostering innovation and collaboration. https://www.mantle.xyz ---------------------------------------------------------------------------- Connect with Keone 👇 LinkedIn: https://www.linkedin.com/in/keone-hon/ Twitter: https://x.com/keoneHD Connect with Monad Labs 👇 Twitter: https://x.com/monad_xyz Website: https://www.monad.xyz/ Connect with Kevn & When Shift Happens👇 Website: https://www.when-shift-happens.co/ Instagram: https://www.instagram.com/kevinwshpod/ TikTok: https://www.tiktok.com/@kevinfollonier_ Linkedin: https://www.linkedin.com/in/kevinfollonier/ Twitter (X): https://twitter.com/KevinWSHPod ------------------------------------------------------------------------- Contents of the Video 0:00 Who is Keone Hon? 1:32 Keone Hon: Lessons Learned Through Experience 5:18 Joining Jump at Crypto, why is Crypto so Attractive? 6:58 Importance of High Frequency Trading 9:02 Current Situation of Crypto 10:27 What is Monad? 11:59 Swissborg Alpha Club 14:16 What's the Significane of Monad? 15:52: What is Parallelism? 18:58 The Approach to the Design of Monad? 21:12 What if it was the Wrong Approach? 26:59 MANTLE Partnership 28:21 Raising/ Spending $225 Million 31:32 Building Companies from the Ground Up Through Tech and Community 39:56 Building a Strong Community Pre-Token Launch 43:40 ASTAR Network Partnership 44:29 Message to the Monad Community 46:37 Token Launch Living up to the Expectations 50:28 Examples of Unique Company Building Ideas 52:46 Being/ Staying Consistent in Crypto and Real Life 56:26 What’s one of your Most Important Values? 58:21 Importance of Being Detail Orientated in Crypto 59:52 Keone Hon on Oh Baby Games and Solana 1:02:39 Advice to Keone’s Younger Self 1:05:57 Biggest Prediction for the Next 12 Months 1:07:34 Difference Between Talking and Actually Doing 1:09:28 Pivoting Away from Greed and Making Correct Decisions