Check your Season 1 points here - MODE Season 1 Points
Points will be converted to $MODE and claimable on the 7th May
Airdrop Season 1 will conclude on the 5th May. Airdrop 2 begin on the 5th May 2024 and run until 6th September 2024.
User points from Airdrop 1 will be converted to MODE tokens and claimable on the 7th May at approximately 11.00am UTC at claim.mode.network
The top 2,000 wallets by points will receive 50% MODE at launch and 50% MODE after 90 days. User assets must stay in the ecosystem through this period to earn the second tranche of tokens and this will be assessed on a pro-rata basis. For example if a vested user exits after 45 days they will receive 50% of the second tranche of tokens and 50% will be forfeited. Any tokens forfeited will be reallocated to other participants in Airdrop 2.
There will be a minimum amount of points required to qualify for the airdrop to reduce sybils.
Users will have 30 days to claim tokens from Airdrop 1 and unclaimed tokens will be allocated to future rewards for users and developers on Mode.
Users who participated in Airdrop 1 and continue to participate in Airdrop 2 will receive a significant multiplier.
FAQ - Season 1
How do I claim MODE?
You will be able to claim MODE from claim.mode.network on the 7th May. Exact times will be shared closer to the launch date.
Please be vigilant and do not click on any links from 3rd parties. The official link will be posted on the Mode Dashboard.
Is there a minimum amount of points needed to claim an airdrop?
The minimum points needed to qualify is 250 points
Any user that had pre-check points but did not bridge to Mode did no meet the minimum requirements
How long do I have to claim my MODE tokens?
Users have 30 days to claim MODE tokens from the initial claim date.
How do I know if I am in the top 2000 wallets and have 50% vested tokens?
Users with vested tokens can visit the Mode Dashboard on the 7th May and will see claiming instructions for the first 50% and instructions for the claiming the second vested 50% tranche will be released very soon.
If I have vested MODE and I bridge off Mode will I forfeit all my MODE?
If a user has vested MODE tokens they will only receive the full amount for the vested tranche if they keep assets on Mode. Assets on Mode/TVL snapshots were taken on 29th April and 2nd May.
If a user bridges off Mode during the vesting period they will receive a pro-rata amount of tokens based on the time and assets on Mode during the vesting period.
Examples:
A user that bridges off Mode at the start of Season 2 and does not bridge back will forfeit their vested tokens. The tokens forfeited will be added to the total tokens available for Airdrop 2.
A user that keeps their assets on Mode for 45 days and then bridges off Mode will receive 50% of their vested tokens.
A user that keeps their assets on Mode for 45 days and bridges off for 22.5 days, then bridges back their assets for 22.5 days will receive 75% of their vested tokens.
If I have vested tokens and I bridged off Mode in Season 1 and now have a smaller amount of assets on Mode what will be the asset base for the vesting period?
Ongoing Snapshots have been taken of the top wallets during Season 1. If a user bridged off Mode then they may not receive the full vested amount of tokens. Users can bridge back at anytime to be eligible through the vesting period on a pro-rata basis.
If I have vested tokens are you tracking TVL in $ on Mode or the balance of assets in a wallet on Mode?
For users with vesting we track the assets in a wallet overtime. If a user is active onchain and does not move assets to another wallet or bridge off Mode then they will receive their full vesting. If not they will receive a pro-rata amount.
