Get Ready for the MODE Network Airdrop in April! Here's Your Airdrop Guide!
Mode, as a groundbreaking platform in the DeFi space, offers various mechanisms to incentivize and reward its users and developers. Particularly, Mode's point system and airdrop program aim to reward anyone contributing to the ecosystem.
Point System
Mode's point system is used to evaluate and reward the contributions of users and developers to the platform. This system is based on the following key elements:
- Past On-chain Activity: Users earn points based on their past activities across various categories such as DeFi, NFTs, scaling, OG DeFi applications, degen (high-risk) applications, and yield-generating applications.
- Bridging Assets to Mode: Bridging assets like Ethereum, USDT, and USDC to Mode enables users to earn points. Points are earned based on the duration the assets remain on Mode.
- Inviting Friends to Mode: Users earn points by inviting friends to Mode, encouraging them to join the platform. Additionally, they earn a share of sequencer fees from the users they refer.
- Using Ecosystem Applications: Using ecosystem applications on Mode also allows users to earn points, incentivizing engagement within the platform.
- Completing Tasks: By completing specific tasks, users can earn additional points. These tasks are designed to encourage contributions to the development and growth of the platform.
Airdrop Program
Mode's airdrop program was initiated to reward users and developers at the outset of the platform. The key components of the airdrop program include:
- Token Distribution: Under the airdrop program, users and developers meeting certain criteria receive a specified amount of MODE tokens.
- Campaign Conditions: Participation in the airdrop requires meeting specific conditions, often based on activities such as platform engagement, usage of certain applications, or completion of designated tasks.
- Reward Distribution: Tokens earned through the airdrop are distributed directly to participants' wallets, serving as a reward for their commitment and contributions to the platform.
Mode's point system and airdrop program aim to incentivize everyone contributing to the growth and development of the platform. These systems help strengthen the Mode ecosystem by increasing user and developer engagement.
Mode Sunrise Mainnet & Airdrop 1: The Modular DeFi L2 Launches
Mode's latest announcement of its Sunrise Mainnet and Airdrop 1 marks a significant milestone in the evolution of decentralized finance (DeFi). With 550,000,000 MODE tokens available, comprising 5.5% of the total supply, Mode invites users and developers to engage in its burgeoning ecosystem.
Building New Economic Systems
Backed by a substantial 2M OP grant from Optimism, Mode embarks on a journey to construct innovative economic frameworks for growth. This initiative underscores Mode's commitment to fostering a robust and sustainable DeFi environment.
Rewarding User Engagement: Mode Points
Mode introduces a distinctive approach to user rewards through its Mode Points system. Unlike conventional points campaigns, Mode Points incentivize meaningful contributions to ecosystem expansion. By participating actively, users stand to earn rewards based on their engagement across various activities.
Airdrop Rewards: Meaningful Engagement Rewarded
The Airdrop Rewards program is designed to recognize and incentivize genuine participation across the network. With 550,000,000 MODE tokens allocated to the campaign, participants have the opportunity to earn rewards based on their contribution to network growth.
- Points Allocation: The tokens are distributed among different categories, including points airdrop, TVL milestones, and a lottery for top participants.
- Quantitative Modeling: Mode's points system is rigorously modeled in collaboration with leading research partners and PhDs in economic design. This ensures optimal rewards for active participants, reinforcing the principle that network growth merits recognition and compensation.
How to Earn Points on Mode
Participants can engage in various activities to accrue points on Mode:
- Past On-chain Activity: Users earn points based on their historical interactions across 150 protocols and projects spanning six key categories.
- Bridge Assets to Mode: Bridging assets like ETH, USDT, and USDC to Mode accrues points relative to the duration of asset retention.
- Invite Friends to Mode: Referral incentives allow participants to earn a share of the points accumulated by friends they refer to the platform.
- Use Ecosystem Apps: Utilizing ecosystem applications and depositing assets into launch partner apps yields higher points.
- Complete Quests: Enhanced points are awarded for completing quests, encouraging active participation and exploration within the ecosystem.
Roadmap: Navigating the Phases Ahead
- Phase 1 - Mode Sunrise: Users can access Mode Sunrise, earn points, and engage with the ecosystem.
- Phase 2 - DeFi Ecosystem and Native Yield: Focus shifts to supporting Mode's Native DeFi ecosystem applications and partners, followed by the launch of native yield functionalities.
- Phase 3 - Mode DAO and Token Launch: The Mode DAO will be introduced, allowing users to govern the protocol. Points will be converted into MODE tokens, and new protocols will be introduced.
Ecosystem Partnerships and Team Collaboration
Mode collaborates with leading launch partners, tech partners, and research entities to drive innovation and growth within the ecosystem. Supported by a team with extensive experience in scaling billion-dollar blockchain ecosystems, Mode is poised to redefine the landscape of DeFi.
As Mode forges ahead, it invites participants to join in shaping the future of decentralized finance, guided by principles of transparency, inclusivity, and innovation.
There are only 4 days left for the increased payouts, so I recommend you start the process as soon as possible. The link required for participation is below.
https://ref.mode.network/guqH5r
What you need to do next is to bridge from the etherium network to the mod network, you will need to pay an average fee of 8 to 10 dollars for this, and after doing this, you will be guaranteed the points you have earned. After that, what you need to do is to get 2 times the xp points within 4 days. There are currently 3 applications in it, we will use them.
Our first application is available in the link below.
https://app.kim.exchange/swap
We will enter this application and connect our wallet, then we will make a few swap transactions, then you can add liquidity by entering the positions section from the earn section, pressing the create position section and selecting the two tokens and amount you want.
swap part
Then we go to our second site, the link is below.
https://www.ionic.money/
First, we connect our wallet, then we need to add one of the USDC, USDT, WETH tokens to the supply section. Here you can select the token you have and add it. If you do not have one of them, you can get an amount by swapping and add it. There will be 3 confirmations in your wallet. After confirming these, you will add the liquid. If you want to withdraw it, click on the withdraw section and add the amount. You can undo it by selecting
We are going to our last and third application, this is a domain name service site, the link is below.
https://space.id/tld/6
What we need to do here is to write a name you want in the search section (short names are expensive, long ones are cheaper) and then buy it. The average fee for 1 year is 5 dollars.
To receive it, we click on the register button and confirm the notification sent to our wallet.
These are the things we need to do for now. If more applications come later, please do not forget to use them. I would appreciate it if you registered for my efforts from the reference link below. You need to register with a code because I am leaving my registration link. If you register from this link, you will make me happy. Thank you in advance.
https://ref.mode.network/guqH5r
Research partners
OpenBlock is pioneering a data-driven platform dedicated to incentive design, fostering sustainable growth within decentralized protocols.
SeaLaunch have built a reputation as some of the top analysts on Dune Analytics. Their research has been featured in Bankless, Forbes and Bloomberg.
FranklinDAO have worked with Mode on research around Cooperative Game Theory on blockchains .
