The L2 network Mode will release the governance token MODE on May 7th

ChainCatcher news, the L2 network Mode built on OP Stack will launch its governance token MODE on May 7. The total supply is 10 billion tokens, of which 5.5% is allocated for the first of two user airdrops. The second airdrop will take place from May 5 to September 6, during which an additional 500 million tokens will be distributed. 38% of the supply is allocated to investors and core contributors, 27% to the foundation treasury, and the remaining 35% to users and developers.