Mode Network announced the first round of MODE Token Airdrop.
The MODE Token, an ERC-20 Token built on Ethereum, has a total supply of 10 billion, with an initial circulating supply of 1.3 billion, the equivalent of 13% of the total supply.
The token will serve various purposes such as participating in Mode Network governance activities, ecosystem development, and capital. Distribution allocations include 35% reserved for Airdrop activities for the user community and projects, 19% for investors, 19% for the development team, and 27% for Mode's operating budget.
Mode's Airdrop 1 program will conclude on May 5, with the next Airdrop scheduled for May 7. Users' Airdrop amount depends on their past bonus points.
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