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How to earn points in the mode
You can earn points by bridging to Mode, referring friends, using ecosystem apps, and completing other tasks, which will be converted into Mode tokens and distributed in April. You need a Mode invite code to participate in the airdrop; read on to learn how to get it.
Mode is a modular Layer 2 (L2) DeFi platform built on the Ethereum blockchain. It aims to provide a collaborative, scalable, and cost-effective infrastructure for DeFi and other applications. It is built using Optimism’s OP Stack to leverage rapid application development and deployment of EVM-compatible applications.
The project aims to grow a global application ecosystem while rewarding developers and users for their contributions, including referrals and contract-guaranteed income. Mode focuses on revolutionizing chain mechanisms to create a more valuable and fairer environment for users and builders.
Part of their efforts to create a collaborative and rewarding environment include collator fee sharing, where developers and users collaborate by sharing a portion of the network collator’s profits, and a liquidity protocol that enables users to deposit or borrow assets with absolute capital efficiency. Like other L2 DeFi platforms, Mode also offers reduced transaction fees, improved transaction speeds, and increased transaction capacity.
In October 2020, the project completed its funding round, raising $9.75 million. In addition, the project received a grant of up to 2 million OP tokens from the Optimism Foundation to support user growth incentives.
One of these incentives is the Mode Sunrise campaign, which has allocated 550 million MODE, or 5.5% of its total supply, for users to claim in April 2024. From this allocation, tokens will be distributed as shown below.
1. 400,000,000 MODE is allocated to the points airdrop
Mode is a modular Layer 2 (L2) DeFi platform built on the Ethereum blockchain. It aims to provide a collaborative, scalable, and cost-effective infrastructure for DeFi and other applications. It is built using Optimism’s OP Stack to leverage rapid application development and deployment of EVM-compatible applications.
3. Unlock 50,000,000 additional MODEs with $200 million TVL
4. The top 20% of 500 NFT lottery winners among the event participants will receive $50,000,000
The Mode airdrop is scheduled for April, so now is the perfect time to start earning points!
Step 1: Join the Airdrop
You can visit https://ref.mode.network/DqVo8c to use my code.
Step 2: Connect to Twitter/X
After accepting the invitation code, you will need to connect your X (formerly Twitter) account.
You can earn points by bridging to Mode, referring friends, using ecosystem apps, and completing other tasks, which will be converted into Mode tokens and distributed in April. You need a Mode invite code to participate in the airdrop; read on to learn how to get it.
Authorize Mode Network to access your account.
Step 3: Connect your wallet
After connecting your Twitter/X account, proceed to connect your wallet. It is recommended that you use your most active wallet to earn more points.
Select your wallet from the pop-up. In this example, we are using MetaMask.
Complete the steps prompted by MetaMask to connect your wallet to Mode.
Once you connect your wallet, you will be able to see how many points you are eligible for based on past activity across 150 protocols and projects. This includes users using DeFi apps, Layer 2s, leveraged apps, apps that provide yield, holding NFTs, and OG apps like Maker, Curve, and Yearn.
You will then need to bridge to the pattern to secure these points and join the airdrop.
Step 4: Bridge to Mode
Select “Bridge to a Secure Point” and enter the number of tokens you want to bridge. The more you can bridge, the more points you earn. It is also recommended to bridge your assets once a week, if possible, to increase your points.
Please note that this step only allows ETH, USDT, USDC, and WBTC on the Ethereum network to be bridged to this mode. In this example, we are bridging ETH.
Points are distributed every Wednesday at 12:00 UTC. Points earned through bridging are tied to how long those assets remain on the model, and TVL is checked to determine the number of points earned.
Click Bridge to continue and confirm the transaction in your wallet
Step 5: Use ecosystem applications (optional)
This optional step is recommended to increase your points as you can earn 2x points by depositing your assets into Mode’s launch partner ecosystem apps.
Be aware that using ecosystem apps can be risky, so only proceed with what you are comfortable with.
You can select Explore More Apps to see a list of available ecosystem apps.
Step 6: Complete the task (optional)
Tasks include interacting with publishing partners LogX, Kim Exchange, Ionic, and SpaceID (Schema Name Service)
LogX is a decentralized perpetual exchange, a financial instrument that mimics the price movement of underlying assets. Meanwhile, Kim Exchange is a decentralized exchange for users to exchange and provide liquidity for all assets on Mode.
Ionic is the liquidity protocol for the Mode ecosystem, allowing users to borrow and lend assets. Lastly, the Mode Name Service is powered by SpaceID, enabling users to obtain .mode domain names. A quick tip about SpaceID is that owning a .mode domain of 5 characters and above is cheaper than owning 4 characters and below.
Finally, if you want to get more points, participate as early as possible. The larger the amount of chain collapse, the larger the amount of interaction, and the larger the amount of pledge, the more points you will get!
Don't miss this big wave!
