Mode is a modular DeFi L2 network built on and secured by the Optimism stack. It focuses on providing a robust environment for developers to build DeFi applications by offering low gas fees and multiple incentivizing programs within its network.
The Mode crypto network is powered by the native $MODE token, the primary role of which is granting access to the DAO layer of the network as well as rewarding incentivized program participants.
On May 2nd, 2024, the company announced the release of its native token, followed by listing and an IEO on Bybit, allocating 0.15% of the total token supply for the event.
Mode Crypto Network - IEO round on Bybit Overview
No lock-up
Bybit Launchpad
Mode Crypto Network - IEO round on Bybit Round Result
Mode Crypto Network - IEO round on Bybit Current Token Data
How to join Mode Crypto Network - IEO round on Bybit?
To participate in the Mode crypto network IEO on Bybit, you need to have a KYC-verified account on Bybit and acquire at least either 200 $MODE, 100 $USDT or 100 $MNT. Then, visit the Bybit launchpool page and stake your tokens in order to start earning $MODE tokens.
On a daily basis you will be receiving rewards proportional to your share in the $MODE, $USDT and $MNT staking pools. The rewards for each pool are:
- For MODE pool: 4,500,000 $MODE;
- MNT pool: 3,000,000 $MODE;
- USDT pool: 7,500,000 $MODE.
💡 PRO TIP: Consider calculating your potential share and rewards for each pool before staking in any of them to maximize returns from the IEO. While Bybit allocated significantly more for the USDT pool than for others, your share may be much lower than in other staking pools.
However, please also be aware of the risks related to staking in non-stablecoin assets, as they may be highly volatile during such events. Always run your numbers and conduct your own research first.
Good luck!
Step-by-step Guide
Log in or Sign up on Bybit;
Complete KYC verification;
Acquire at least 10$ worth of $MODE on your spot balance;
Visit the Bybit Launchpool page;
Stake either $USDT, $MODE or $MNT;
Receive your tokens.