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TechFlow reports that the modular L2 network Mode will launch its governance token, MODE, on May 7. The token has a total supply of 10 billion, with 5.5% allocated for the first of two user airdrops. The second airdrop will run from May 5 to September 6, distributing an additional 500 million tokens.
38% of the MODE supply is allocated to investors and core contributors, 27% to the foundation treasury, and the remaining 35% to end users and developers.
Mode, a modular Layer 2 network, will launch its governance token MODE on May 7. The token has a total supply of 10 billion, with 5.5% allocated to the first of two user airdrops. The second airdrop will run from May 5 to September 6, distributing an additional 500 million tokens. 38% of the MODE supply is allocated to investors and core contributors, 27% to the foundation treasury, and the remaining 35% to end users and developers.
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