L2 network Mode, built on OP Stack, will release governance token MODE on May 7. The total supply of the token is 10 billion, of which 5.5% is dedicated to the first of two user airdrops. The second airdrop will run from May 5 to September 6, during which 500 million tokens will be distributed. 38% of MODE's supply will be allocated to investors and core contributors, 27% to the foundation's treasury, and the remaining 35% to end-users and developers. Since its launch in January, Mode has accumulated over $500 million TVL from 450,000 wallets.
Mode will release the governance token MODE on May 7
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