Learn more about Mode Network testnet airdrop!
Mode Network
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Rewards
Reward Results
$7 $800
Details
Minimal cost
Free
Time required
10 min.
Category
Testnet
Rating
3/10
Risk
Low
Mode Network launched its incentivized airdrop campaign on January 31st, which made it last 4 months. Users had to collect points by:
- Already have transactions in their Metamasks.
- Bridge funds in the MODE network.
- Use protocols in the MODE network.
- Turn ETH into LST ETH (STONE, EETH, …).
In order to be eligible, you had to participate in the mainnet as well, as testnet wasn’t enough.
The Mode network team have assigned 10.5% of the $MODE tokens for airdrops, whose 5,5% were allocated for this Airdrop round.
There were some rules to the 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
- The top 2,000 wallets by points received 50% MODE at launch and 50% MODE after 90 days.
The token price at launch was $0.2, stayed at $0.1 for 15 minutes and quickly dropped below 5ct. The top 10,000 received a minimum of 4200 $MODE. The range of the airdrop is 70 $MODE to 35m $MODE for the first address. Second address received 20m $MODE, and top 100 received a minimum of 535k $MODE.
Pros & Cons
Founders Past Experience
Team worked with projects that have done airdrops in the past.
Revenue Sharing
Mode Network proposes revenue sharing to it’s users. Right now revenue share model requires a token. It is a bullish point in favor of a potential airdrop.
No Funding
Since the project didn’t raise funds, it’s hard to believe they will issue an airdrop right now. They will need funds to support the airdrop.
Very Early
Mode Network socials have been created 3 month ago. They started their Galxe Campaign 6 weeks ago. It is still very early in the project life.
How to participate?
- Prepare for Possible Airdrop: Although Mode Network hasn't officially announced an airdrop, you can increase your chances by taking certain actions such as installing the RPC and doing transactions, bridge funds, etc.
- Gradual Fund Bridging: Bridge your funds onto Mode Network gradually over time, rather than all at once. This ensures consistent activity over time.
- Engage in Testnet Activities: Participate in testnet activities multiple times to enhance your eligibility for a potential airdrop.
- Active on Social Media: Be active on social media platforms related to Mode Network. Reply to their Twitter posts, quote and retweet their content, and write about the project to show your involvement.
- Discord Engagement: Be highly engaged on Mode Network's Discord community. Stand out by answering questions, actively participating in discussions, and striving to earn various roles within the community. Try to join the ambassador program.
- Questing Campaigns: Join their questing campaigns and collect NFTs and OATs as proof of your active participation in the project.