L2 Network Mode will launch the Mode Sunrise event in April and plans to distribute 550 million MODE tokens

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Cointime2024/02/01 03:14

By:Cointime

According to official sources, Mode Sunrise mainnet and the first round of airdrops have been launched based on the OP Stack L2 network mode. Starting in April, a point airdrop will be initiated to reward active users. Mode will distribute 5.5 billion MODE tokens (5.5% of the total supply), including:

- 400 million MODE tokens will be distributed for the point airdrop;

- 50 million MODE tokens will be unlocked when TVL reaches $100 million;

- 50 million MODE tokens will be unlocked when TVL reaches $200 million;

- 50 million MODE tokens will be distributed among the top 20% of participants with 500 NFT winners. In addition, users can earn sequencer fees from recommended users and rewards from Mode ecosystem applications.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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