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Mode is an Ethereum L2 network powered by the Optimism Superchain technology. It focuses on incentivising developers in creating new DeFi applications within its network by offering low cost gas fees, multiple $MODE token and $OP airdrops.
$MODE is a native token of the Mode crypto network. Its major functions are to reward active ecosystem contributors as well as granting access to the network’s governance layer.
On January 23rd, 2024, the company won a $5.3M grant from Optimism Labs to support user growth incentives within the network.