Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»550 million cryptocurrency airdrop begins with Optimism (OP)
TRADING NEWS

550 million cryptocurrency airdrop begins with Optimism (OP)

By Crypto FlexsMay 8, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
550 million cryptocurrency airdrop begins with Optimism (OP)
Share
Facebook Twitter LinkedIn Pinterest Email

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

At the same time, the network has launched a cryptocurrency airdrop season and the token claim site is now live for participants.

550 million cryptocurrency airdrop

MODE tokens have a dual function. 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. This stems from previous crypto airdrops and foundation and treasury allocations.

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

Additionally, 19% of tokens will be distributed 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 tokens to fund ecosystem incentives through governance mechanisms.

To mitigate early selling, top contributors will be subject to an initial claim limit, allowing them to claim 50% of their tokens immediately and the remaining 50% after 90 days if they retain their assets within the network.

Read more: Best airdrops of 2024

MODE token release schedule. Source: Mod Network

Mod Network is also collaborating with Optimism to develop a superchain. Integrates Celestia’s Data Availability (DA) solution and transforms it into Mode Flare, a unique Layer-3 network dedicated to DeFi services. This structure promotes improved collaboration between decentralized applications (Dapps) and users by sharing contract revenues.

The network’s total current value at constant (TVL) is $603 million, placing it among the top 10 Layer 2 networks and close to leaders like zkSync Era and Linea (about $200 million ahead).

As of Q1, the network supports more than 30 native and external applications, including The Graph and LayerZero, which focus on DeFi services. It also reports approximately 450,000 active addresses and nearly 20 million transactions.

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025
Add A Comment

Comments are closed.

Recent Posts

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

InFocus Launches Digital Ventures Strategy With Mythos Group To Push Into Blockchain, AI And Bitcoin

September 1, 2025

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025
Most Popular

Ark Invest resumes Coinbase sale and offloads $5.5 million additional COIN.

December 20, 2023

Trader updates Bitcoin outlook, saying the altcoin, which surged more than 90% in four days, is poised to go much higher

February 10, 2024

Render Foundation Launches AI Scout Program to Drive Innovation

January 22, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.