Mode will release the governance token MODE on May 7th

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