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Mode ($MODE) Mode is a Layer 2 Decentralized Finance (DeFi) chain established within the Optimism (OP) ecosystem.
Its main objective is to stimulate the expansion of blockchain applications through inventive economic structures, while directly incentivizing developers and users.
Mode makes it easy to quickly launch chain-compatible applications using Ethereum Virtual Machines (EVM) by providing resources and assistance to scale applications efficiently.
What is Mode ($MODE)? The MODE token is the native cryptocurrency of the Mode platform, a Layer 2 decentralized finance (DeFi) ecosystem built on the Ethereum blockchain, specifically within the Optimism network.
Designed to decentralize the decision-making process within the Mode platform, the MODE token rewards contributors and aligns the incentives of multiple stakeholders to ensure the long-term health and growth of the ecosystem. Also being used as a reward for contributions to the platform, such as building and maintaining applications.
How does the $MODE token work? MODE tokens are used within the Mode fee sharing mechanism. This system allows developers to earn a portion of the transaction fees generated by the apps they build on the Mode platform. Tokens also facilitate transactions and interactions within the platform, making them an integral part of its economic operations.
MODE token holders can stake their tokens to receive various benefits, such as increased voting power on governance decisions and a share of network revenue through fee distributions.
Twitter: https://twitter.com/modenetwork
Website: https://www.mode.network/
BUY MODE NOW