Mode will release the governance token MODE on May 7

L2 Network Mode, built on the OP Stack, will release the governance token MODE on May 7. 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 run from May 5 to September 6, when another 500 million Tokens will be distributed. 38% of the supply of MODE is distributed 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 amassed more than $500 million in TVL from 450,000 Wallets.