Mode Network Initiates 550 Million Crypto Airdrop on Optimism

2024-5-8 01:08

Mode Network, a modular decentralized finance (DeFi) Layer-2 solution built on the Optimism Stack, has launched its governance token, MODE.

Simultaneously, the network has initiated its crypto airdrop season, with the token claim site now active for participants.

550 Million Crypto Airdrop

The MODE token has dual functions. It serves as a governance mechanism and promotes ecological growth within the network. The total supply of MODE tokens is fixed at 10 billion, with an initial circulation of 1.3 billion tokens. This comes from previous crypto airdrops and the foundation and treasury allocations.

Regarding distribution, 35% of MODE tokens are allocated for crypto airdrops to users and developers. And 5.5% of those will be released in the first quarter.

Additionally, 19% of the tokens go to investors and early contributors, subject to a 12-month lock-up followed by a 24-month linear release. The foundation and treasury hold 27% of the tokens to fund ecosystem incentives through governance mechanisms.

To mitigate early sell-offs, top contributors will undergo initial claim restrictions, allowing them to claim 50% of their tokens immediately and the remaining 50% after 90 days, provided they maintain their assets within the network.

Read more: Best Upcoming Airdrops in 2024

MODE Token Release Schedule. Source: Mode Network

Mode Network is also collaborating with Optimism to develop the Superchain. It integrates Celestia’s data availability (DA) solution to transform into Mode Flare, a unique Layer-3 network dedicated to DeFi services. This structure facilitates enhanced collaboration between decentralized applications (Dapps) and users by sharing contract revenue.

Currently, the network’s total value locked (TVL) stands at $603 million, positioning it among the top 10 Layer-2 networks and close to leaders like zkSync Era and Linea, which lead by approximately $200 million.

As of the first quarter, the network supports over 30 native and external applications, including The Graph and LayerZero, focusing on DeFi services. It also reports approximately 450,000 active addresses and nearly 20 million transactions.

The post Mode Network Initiates 550 Million Crypto Airdrop on Optimism appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Santiment Network Token (SAN) на Currencies.ru

$ 0.0865709 (-0.22%)
Объем 24H $210
Изменеия 24h: 9.95 %, 7d: 19.49 %
Cегодня L: $0.0865709 - H: $0.0865709
Капитализация $0 Rank 5672
Доступно / Всего 0 SAN / 83.337m SAN

mode network governance token airdrop incentive growth

Источник: beincrypto.com

mode network → Результатов: 57


Real Estate Tokenization: Current Status and Future Potential (RTX21, Clifford Chance)

About this Event DATE & TIME Date: Monday, June 29, 2020 Time: 9h00-10h00 Mode: online talk via Zoom; Zoom dial-in URL will be sent previous to the online talk SPEAKERS RTX21 (Ekaterina Bozoukova) Clifford Chance (to be announced) AGENDA 9h00-9h05 – Introduction by Disrupt Network 9h05-9h15: To be announced (RTX21) 9h15 – 9h25: To be announced (Clifford Chance) 9h25 […]

2020-6-11 18:58


Core Components of Institutional Wallet Infrastructure [Online Talk]

About this Event DATE & TIME Date: Friday, June 26, 2020 Time: 9h00-10h00 Mode: online talk via Zoom; Zoom dial-in URL will be sent previous to the online talk SPEAKERS Custodigit (Christian Bieri and Peter Hofmann) bitFlyer (Andy Bryant) Fireblocks (To be announced) METACO (Seamus Donoghue) AGENDA 9h00-9h05 – Introduction by Disrupt Network 9h05-9h15: Custodigit: The Swiss Digital Asset Bank […]

2020-6-11 18:49


Coinbase Pro объявила о листинге токена Kyber Network. Монета подорожала на 19%

Крупнейшая американская криптовалютная биржа Coinbase Pro в понедельник, 24 февраля, начнет прием депозитов в токенах Kyber Network (KNC). Новость резко подбросила цену монеты. On Monday, February 24, our KNC/USD, and KNC/BTC order books will enter transfer-only mode, accepting inbound transfers of KNC in supported regions.

2020-2-20 14:18


Dish Network Patents ‘Anti-Piracy Management System’ Using Blockchain Technology

Dish Network has just published on Thursday a patent for its new blockchain-based anti-piracy system that enables owners to see how their content is getting used. Dish claims the system can oversee and implement ownership rights more efficiently by putting platforms on alert mode when their content is being used without approval. It seems the […]

2020-1-13 19:48


Facebook is finally testing Dark Mode

From Android to iOS, and from Twitter to Slack, almost every app now has a dark mode. The only app that hasn’t joined the dark side is Facebook’s main app. However, according to reliable app leaker Jane Manchun Wong, the social network giant is now testing dark mode on its Android app Wong also took to twitter to share some of the early screenshots of the under-the-works feature.

2019-8-13 11:25


NeuralTrade Network ICO

Most people are desperately seeking financial freedom in their life. Sadly financial freedom remains a dream to them or an elusive theory that forever escapes them. The biggest problem around financial freedom is some magic formula or some secret success model that they believe exists, they spend an endless amount of time, effort and even resources in obtaining this magic formula or the secret success model.

2019-2-15 22:51


Криптовалютная биржа Сoinbase провела листинг Civic, district0x, Loom Network и Decentraland

Биткоин-биржа Coinbase Pro добавила поддержку токенов Civic (CVC), district0x (DNT), Loom Network (LOOM) и Decentraland (MANA). Inbound transfers for CVC, DNT, LOOM, and MANA are now available. Order books will be in transfer-only mode for a minimum of 48 hours.

2018-12-8 10:45


Craig Wright: “Billions of People Will Use Bitcoin Cash SV In Coming Years”

Away from the unnecessary hash wars, Craig Wright the Chief Scientist at nChain is a decent and have the best interest of the Bitcoin network and users at heart. Circumstances seem to tick him to “wild mode” and after a bitter exchange of words with Roger Ver and re-asserting that he is Satoshi, he now […] The post Craig Wright: “Billions of People Will Use Bitcoin Cash SV In Coming Years” appeared first on Ethereum World News.

2018-11-21 17:18


дальше еще 8 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Solana DEX Drift Launches 120 Million Token Airdrop

The Drift Foundation's DRIFT token launch on Solana includes an innovative airdrop of 120 million tokens, designed to enhance user engagement and stabilize initial trading activities. The post Solana DEX Drift Launches 120 Million Token Airdrop appeared first on BeInCrypto.

Okto Announces Airdrop, Launches Points Program

Okto's new initiative in the DeFi space includes a strategic airdrop of OKTO tokens and a points program, incentivizing user engagement and ensuring fair rewards distribution. The post Okto Announces Airdrop, Launches Points Program appeared first on BeInCrypto.

Layer3 Foundation to Launch L3 Token This Summer

Layer3 Foundation introduces its L3 token, enhancing Web3 governance across 545 ecosystems. This initiative promises significant community empowerment and progressive decentralized governance. The post Layer3 Foundation to Launch L3 Token This Summer appeared first on BeInCrypto.

EigenLayer Sparks Controversy With EIGEN Token Airdrop

EigenLayer's anticipated EIGEN token airdrop starts Friday, amid debates over exclusions and distribution fairness. With $14 billion in managed DeFi assets, EigenLayer aims to innovate while adhering to regulatory standards.

GameFi Blockchain Saga Unveils Crypto Airdrop

Saga's "Power-Level Over 9000" campaign marks a major initiative post-mainnet, redefining crypto airdrops in blockchain gaming by rewarding participants who stake SAGA tokens and fostering industry-wide collaborations.