Mode Network New Voting System And Crypto Opportunities | by PVMihalache | The Capital | Jan, 2025

Mode is the Modular DeFi L2 building the Superchain alongside Optimism. The goal of Mode is to empower developers and users to grow an ecosystem of world-class applications and be directly rewarded for their contribution.

Why Mode? Because they created a better airdrop system, by collaborating with top data scientists to create a rewards system that’s both transparent and fair. The clarity and consistency are prioritized, and the users will be rewarded for meaningful contributions to ecosystem growth.

I think the point system for the airdrop was a fiasco and I am glad they moved to a voting and earning system that requires locked $MODE tokens. My past activity on chains like Ethereum, bridging to Mode, referrals, and app usage within the ecosystem were transformed into points. This was great for whales!

I received a small bag of $MODE after Season One, and a better one after Season Two. However, both were probably fractions of my involvement and interaction. Received 154 $MODE in the latest airdrop, and decided to embrace the change!

The Mode Network implemented a governance and voting system powered by its native token, $MODE, which is designed to ensure a decentralized and transparent decision-making process. Not something totally new, as most DeFi protocols are now using tokens locked in an NFT for voting.

This system allows stakeholders to actively participate in the network’s evolution while aligning their…