One-week token unlocking: MODE and TAIKO welcome huge unlocking

Next week, 9 projects will have token unlocking events. MODE and TAIKO will have huge amounts of token unlocking.

Mode Network

Project Twitter: https://twitter.com/modenetwork

Project website: https://www.mode.network/

Number of tokens unlocked this time: 500 million

Amount unlocked this time: Approximately 6.33 million US dollars

Mode Network is a modular Layer 2 network focused on the DeFi track, built on Optimisms Bedrock upgrade. Mode has designed a contract revenue sharing incentive at the protocol layer, and DApps and users that extend the Mode blockchain will directly receive a portion of the network sequencers profits.

Modes unlocking this time is for users and developers airdrop, totaling 500 million, worth about 6.33 million US dollars. Since Mode has only been unlocked once, the circulation ratio is 13%, so the unlocking ratio is huge. However, there will be no new unlocking shares for more than half a year.

The specific release curve is as follows:

Taiko

Project Twitter: https://twitter.com/taikoxyz

Project official website: https://taiko.xyz/

Number of tokens unlocked this time: 12 million

Amount unlocked this time: Approximately 19.68 million US dollars

Taiko is an Ethereum equivalent of ZK-Rollup that scales Ethereum by supporting all EVM opcodes in a decentralized, permissionless, and secure Layer 2 architecture.

This token unlocking is all for Taiko Trailblazer airdrop, with a total of 12 million tokens, worth about 19.68 million US dollars. Since the current unlocking ratio is only 9%, the impact is relatively large. The next unlocking will be carried out in December. (Odaily Note: Trailblazer is a mainnet incentive activity launched by Taiko.)