May 3 Bitfinex was the first to list MODE, the native token of the Mode Network.
Road Town, British Virgin Islands – May March 3, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, today announced that it will be one of the first exchanges to list MODE, the native token of the Mode Network. Mod Network is an innovative Ethereum L2 solution built on Optimism. We provide an on-chain environment that rewards users’ network growth contributions with MODE tokens.
The MODE token was established to provide a variety of functions within the Mode Network. It acts as a governance token, giving holders voting rights on future developments. An in-game utility token that facilitates transactions and interaction within the mod’s decentralized application. A community token that promotes active participation and builds a strong community ecosystem. More information about the Mode Network and ecosystem can be found here: https://www.mode.network/.
Mod Network has also enabled on-chain referral fees and sequencer fee sharing to encourage both developers and users to contribute to network expansion. With the MODE token, Mode Network aims to enhance user engagement within the blockchain space, providing more direct participation in network growth and additional reward mechanisms.
“Bitfinex is committed to supporting the growth and development of the digital asset industry, and by listing MODE, we are providing our customers with access to projects at the forefront of the DeFi revolution. We look forward to seeing how Mode Network will continue to innovate and shape the future of finance.” said Henry Child, Head of Tokens at Bitfinex.
Deposits for MODE are scheduled to open around 10:00 AM (UTC) on May 6, 2024, depending on network conditions. Trading is expected to begin around 11:00 AM UTC on May 7, 2024, subject to meeting liquidity requirements. MODE tokens are tradable against US dollars (MODE/USD) and Tether tokens (MODE/USDt).
To access MODE on Bitfinex, visit https://www.bitfinex.com/.
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