L2 Network Mode announces the distribution situation for the first month of DevDrop

News on April 24, the L2 network Mode based on OP Stack announced the allocation situation of DevDrop for the first month (March 2024). These NFT rewards will be distributed to multiple teams within the next seven days. The allocated projects include Renzo, StakeStone, IONIC Protocol and so on. Project parties will receive a certain number of NFTs according to their DevDrop scores, including Mode Photons and ModeOrbs. Among them, the number of Photons is ten times that of Orbs. The chain standards for determining DevDrop are as follows: TVL, transaction fees, transaction volume and users; there are also multipliers set according to whether it is a native project and function, mitigating liquidity imbalance through incentive mechanisms, deployment time etc. Mode stated that projects which do not distribute DevDrop to users will have their DevDrop cancelled and removed from any future distributions; projects that fail to distribute DevDrop in time will also be removed from this plan.