Airdrop Details

Information Details
Airdrop Type testnet / retroactive
Total Airdrop Amount 500,000,000 MODE (Airdrop 2)
Number of Eligible Users Not Known
Number of Claimants Not Known

Timeline

Event Date
Blockchain Snapshot Ongoing (April 29, 2024 & May 2, 2024 confirmed)
Claiming Started May 7, 2024 (11:00 AM UTC)
Claiming Ends 30 days from claim start (Exact date not specified)
Airdrop 2 Period May 5, 2024 - September 6, 2024

Token Distribution

Distribution Amount
Maximum Not Known
Median/Average Not Known
Minimum 250 points required to qualify

Eligibility Criteria

  • Users must have participated in Airdrop 1 and held assets on Mode during the snapshot periods (April 29 & May 2, 2024).
  • A minimum of 250 points is required to qualify for the airdrop.
  • Top 2,000 wallets by points will receive 50% of their tokens at launch and 50% after 90 days (vesting based on continued asset holding on Mode).
  • Users who exit Mode before the vesting period ends will receive a pro-rata amount based on the duration their assets remained on Mode.
  • Users who participated in both Airdrop 1 and Airdrop 2 will receive a significant multiplier.
  • Unclaimed Airdrop 1 tokens after 30 days will be reallocated to future rewards.

Additional Information

  • MODE will be used for governance, developer incentives, DeFi integrations, and community grants.
  • Mode’s total token supply is 10,000,000,000 MODE, with 1,300,000,000 as the initial circulating supply.
  • Vesting for top wallets: If a user bridges assets off Mode before the vesting period ends, their second tranche will be reduced accordingly and reallocated to Airdrop 2 participants.
  • Users can claim their MODE tokens from claim.mode.network starting May 7, 2024.
  • Up to 1,000,000 OP tokens will also be distributed through additional incentives during Airdrop 2.