PANews News on April 24, L2 Network Mode based on the OP Stack recently announced the distribution of the first month of DevDrop (March 2024), these NFT rewards will be distributed to longest teams in the next 7 days, and the allocated projects include Renzo, StakeStone, IONIC Protocol, etc. Projects will receive a certain number of NFTs based on their DevDrop scores, including Mode Photons and Mode Orbs, of which the number of Photons is 10 times that of Orbs. The on-chain criteria for determining DevDrop are as follows: TVL, Money Laundering, Volume, and Users, as well as multipliers based on whether it is a native project and feature, mitigation of liquidity imbalances through incentives, deployment time, etc. Mode says that projects that don't distribute DevDrops to users will have their DevDrops canceled and will be removed from any future distributions, and projects that don't distribute DevDrops in a timely manner will also be removed from the program. Since announcing the Airdrop 6 weeks ago, Mode has been working with research teams, ecosystem projects, and investors to develop a plan to achieve Mode's rise goals, while rewarding developers and users for driving on-chain impact. Mode has set aside 5% of the total Token supply for this program. There will be developer-centric plans in the future and additional supply will be allocated. DevDrop will distribute 0.217% of the total Token supply in the first month and 0.284% of the total Token supply in the second month.
