Orderly Network is a decentralized trading infrastructure protocol that launched a points program ahead of its token launch this summer.

According to Orderly Network on Monday, the points program called "Merits" will start next week. Users can earn Merits which will be converted into Orderly Network tokens at launch. Co-founder and CEO Ran Yi declined to comment on conversion rates, as there is "some flexibility" in the program's design, such as the end date.

Orderly will be taking several airdrop snapshots and calling its score and airdrop campaign “The Road to The Order.” Yi said:

“We currently expect to have more than 10 epochs for the campaign, each epoch lasting about a week. An epoch has a snapshot of those participating in The Road to The Order, and certain epochs will yield more Merits than others based on the activities taking place at the Orderly Network during The Road to The Order campaign.” .

Token Orderly Network

Yi said the total supply of the token will be 1 billion. He refused to reveal the ticker symbol to prevent bad actors from launching tokens with the same symbol before the official launch.

He also declined to comment on the percentage of the total token supply for the airdrop, but it would be a “significant portion.”

“Overall, the majority of our token supply will go to the community, of which airdrops are a key component.”

Notably, The Road to The Order campaign only applies to Orderly's Ethereum Virtual Machine chains and traders, Arbitrum, Optimism and Polygon. He noted that traders do not participate in the campaign, but their activity while the campaign is ongoing still counts towards the airdrop.

“Trading through NEAR before and during The Road to The Order will still qualify those traders for the Orderly Network airdrop,” it said, adding that “at the end of the day, all traders on Orderly from the beginning until the launch of the Orderly token will receive a portion of the airdrop.”

Not unlocked for Orderly investors

Orderly is backed by several prominent investors, including Sequoia China, Pantera Capital, Dragonfly, and Jump Crypto. The project was valued at $200 million a year ago, when it raised capital in a token round.

When asked about the *vesting schedule of investors, Yi said there was no unlocking for investors at the token creation event or “for a significant time afterward,” declining to comment on the events. specific timeline.

*Vesting: The process of holding, locking and issuing tokens, to create leverage to enter the market.

Orderly Network was incubated by Near and Woo Network in 2021. They provide trading infrastructure for decentralized exchanges. While Near Blockchain remains at the heart of Orderly, they plan to create an omnichain protocol, supporting both EVM and non-EVM compatible chains in the future.

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