According to @Matt_Hougan, the Monad ICO exemplifies how crypto fundraising can be more democratizing and efficient than a traditional IPO, signaling a directional shift in capital formation that traders should monitor for participation dynamics and liquidity impacts, source: Matt Hougan on X, Nov 23, 2025. According to @Matt_Hougan, he flags critical due-diligence questions for market participants, including whether investors understand what they are buying and whether adequate protections are in place, which directly informs risk management for any token sale participation, source: Matt Hougan on X, Nov 23, 2025. According to @Matt_Hougan, the framing of ICOs as a glimpse of the future implies broader retail access and faster execution relative to IPOs, making disclosures, investor education, and protection mechanisms focal points for traders evaluating allocation and post-sale liquidity, source: Matt Hougan on X, Nov 23, 2025. According to @Matt_Hougan, traders should align their process with these concerns by prioritizing clarity of offering terms, eligibility requirements, and protection standards before committing capital to any ICO modeled like Monad, source: Matt Hougan on X, Nov 23, 2025.