L2 Network Mode announces the first month distribution of DevDrop, and will distribute two types of NFTs to ecological projects

2024-04-24 13:38:54BlockBeatsShare to:

ORBS-2.01% ($0.03892)

According to BlockBeats, on April 24, Mode, an L2 network based on OP Stack, announced the distribution of DevDrop for the first month (March 2024). These NFT rewards will be distributed to multiple teams in the next 7 days. The projects that have been allocated include Renzo, StakeStone, IONIC Protocol, etc. Project parties will receive a certain number of NFTs, including Mode Photons and Mode Orbs, based on their DevDrop scores, of which the number of Photons is 10 times that of Orbs. The on-chain standards for determining DevDrop are as follows: TVL, transaction fees, transaction volume, and users. In addition, there are multipliers based on whether it is a native project and function, the alleviation of liquidity imbalances through incentive mechanisms, and deployment time. Mode stated that projects that do not distribute DevDrop to users will cancel their DevDrop and will be removed from any future distributions. Projects that do not distribute DevDrop in a timely manner will also be removed from the program. Since Mode announced the airdrop program 6 weeks ago, we have been working with the research team, ecosystem projects, and investors to develop plans to achieve Mode's growth goals while rewarding developers and users for driving on-chain impact. Mode has reserved 5% of the total token supply for this program. There will be developer-centric programs in the future and additional supply will be allocated. DevDrop will allocate 0.217% of the total token supply in the first month and 0.284% of the total token supply in the second month.

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Price	$0.03892 USD	Price Change (24h)	-2.01%	Trading Volume (24h)	$4,092,748.58 USD
Market Cap	$111,883,883.08 USD	Circulating Supply	3,167,720,358.99	Max Supply:	10,000,000,000

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