Overview
Mode is an innovative Ethereum layer-2 blockchain designed to facilitate hyper-growth within the blockchain ecosystem. Built using Optimism’s OP Stack, Mode offers rapid application development and seamless deployment of EVM-compatible applications, unlocking new possibilities for developers and users alike. At its core, Mode is focused on empowering its community to build and expand a thriving ecosystem of world-class applications, with direct rewards for their contributions through referral and contract-secured revenue.
The Mode Airdrop Program
As part of its early community engagement and reward initiative, Mode is airdropping a substantial amount of 550,000,000 MODE tokens to participants who engage with the platform during its initial stages. This airdrop presents a unique opportunity for early adopters to get involved and contribute to the growth of the Mode ecosystem.
How to Participate in the Airdrop:
- Visit the official Mode airdrop page to get started.
- Enter the invite code “Abz4ZE” to unlock your participation. (More Invite codes: UyainB, BOmHyw, 8xtPWH, 8Emm4v, fMR3nv, CVHmtK, BJIgDw)
- Connect your Twitter account to the Mode platform.
- Connect your wallet to the Mode network.
- Earn points based on your previous on-chain activity with DeFi protocols and NFTs on other networks.
- Bridge ETH, USDT, USDC, or WBTC from the Ethereum mainnet to Mode to secure your points. These tokens can be purchased on exchanges like Binance.
- Bridge more tokens to earn additional points, with a higher multiplier for early participants within the first seven days.
- Refer friends to join the airdrop and earn 16% of the points they collect during the campaign, boosting your overall points.
- Utilize the ecosystem apps mentioned on the airdrop page to maximize your points, with a potential 2x multiplier.
- The accumulated points will be converted into MODE tokens at the official token launch.
For further details and updates on the airdrop, refer to this article. It’s important to note that Mode is committed to building the Superchain alongside Optimism, focusing on creating a robust and rewarding environment for developers and users.
Empowering Developers and Users
The primary goal of Mode is to create an ecosystem that empowers developers and users to thrive. Mode achieves this by building new on-chain economic systems that enable developers to scale their applications efficiently and provide higher yields for users. With compatibility with any EVM chains, deploying applications on Mode is a seamless and straightforward process for developers.
Building Experimental DeFi on Mode
Mode invites developers to build experimental DeFi applications on its platform, offering hands-on support for scaling their projects. Developers can also benefit from predictable revenue streams through sequencer fee sharing and dedicated developer airdrops, creating a sustainable and rewarding environment for their contributions.
The Onchain Cooperative
Mode introduces built-in mechanisms, such as Sequencer Fee Sharing and user referral fees, to directly reward ecosystem contributors. These mechanisms ensure that everyone who helps the ecosystem grow will benefit from its success.
Mode’s Commitment to Developer Rewards
Mode is dedicated to rewarding developers who contribute to the growth of the Mode ecosystem through the following mechanisms:
- Sequencer Fee Sharing: Mode incorporates contract revenue-sharing incentives at the protocol layer. Applications and users who scale the Mode blockchain are incentivized to collaborate and directly receive a portion of the network sequencer profits.
- Developer Airdrops: Mode will conduct a series of developer airdrops to recognize and compensate developers for their valuable contributions to the Mode ecosystem. A significant portion of MODE tokens is allocated for this purpose.
- Optimism’s RPG Funding: Developers building Open Source apps and tools on Mode are encouraged to apply for Optimism’s $2 billion RPG Funding program. The Mode team will provide assistance and support throughout the application process.
Low Fees and Efficient Transactions
Mode has implemented Optimism’s Bedrock upgrade, resulting in a significant reduction in fees. Users can now enjoy fees that are over 95% less than Ethereum, making Mode a cost-effective and efficient choice for building and using decentralized applications (dApps).
Contributing to the Superchain
Powered by the OP Stack in collaboration with Optimism, Mode aims to contribute to the growth of Optimism’s Superchain ecosystem. By focusing on DeFi, Mode is positioned to become the main DeFi hub within the Superchain, offering unparalleled opportunities for developers and users to build and utilize decentralized financial applications.
Conclusion
Mode is revolutionizing the Ethereum layer-2 landscape by creating an environment conducive to hyper-growth and rewarding participation. With its efficient development tools, low fees, and built-in economic incentives, Mode is poised to become the go-to platform for developers and users seeking to build and expand world-class decentralized applications. Don’t miss out on the opportunity to be a part of this exciting journey by participating in the Mode airdrop and contributing to the growth of a thriving blockchain ecosystem.
