Specialists presented recommendations on how to participate in airdrop within the Mode protocol

CoinGecko experts have analyzed strategies that will help increase the chances of winning in the upcoming Mode project's 550 million MODE token giveaway scheduled for April.

What is Mode

Mode is a decentralized financial platform built on Ethereum's Layer 2 technology. The protocol uses Optimism's OP Stack framework to efficiently deploy EVM-based applications.
The main goal of the project is to encourage developers and users to participate in the ecosystem. A key aspect of this initiative is to distribute transaction fees among participants to increase speed, efficiency, and reduce costs.
In October 2020, the team successfully raised $9.75 million and received another $2 million from Optimism Foundation to accelerate the growth of the user base.
As part of their efforts, they have launched a Mode Sunrise loyalty incentive campaign with 550 million MODE tokens to be distributed, representing 5.5% of the total offering.

Token distribution

The token distribution includes:
- 400 million tokens based on accumulated points;
- 100 million MODE tokens upon reaching TVL milestones of $100 million and $200 million;
- 50 million tokens for NFT lottery winners.

How to participate in the airdrop

CoinGecko experts have compiled a detailed guide on how to participate in airdrop and maximize your rewards.
First of all, you need to get an invitation. It is recommended to use only verified referral codes from reliable sources.
Next, you need to link your account to X by giving access to.

Then you need to connect your wallet. CoinGecko recommends MetaMask, a widely used Ethereum wallet in the DeFi ecosystem.
By following these steps, you will be able to view your accumulated points. Points are earned through activity in 150 protocols and projects, including the use of various DeFi applications such as trading platforms, lending and betting services.
The next step is to join the Mode protocol by funding your account with USDT, USDC stablecoins, Ethereum or WBTC. Points are awarded daily depending on the participation of these assets in the total TVL of the project.
You can increase your reward by sharing your referral code, which will give the invitee up to 16% of the points earned.
Additionally, utilizing mode-based apps and completing tasks from startup partners can further increase your rewards. These strategies often overlap, providing several ways to maximize points.

Conclusion

In conclusion, experts have identified promising ethereums for 2024, including projects like StarkNet, LayerZero, and MetaMask, highlighting the evolving landscape of decentralized finance opportunities.