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Mode Network (MODE): The Layer-2 That Empowers Developers

Mode Network (MODE): The Layer-2 That Empowers Developers

Beginner
2024-05-07 | 5m

What is Mode Network (MODE)?

Mode Network (MODE) is a Modular DeFi Layer-2 blockchain that aims to collaboratively craft the Superchain alongside Optimism. Mode Network is designed to empower developers and users to cultivate a robust ecosystem of top-tier applications while directly rewarding their contributions. With a mission to democratize access to DeFi and incentivize growth, Mode Network operates on principles of inclusivity and collaboration.

How Mode Network (MODE) Works

Mode Network, in collaboration with Optimism, is dedicated to constructing the Superchain, a revolutionary blockchain ecosystem poised to elevate DeFi to new heights. By leveraging Optimism's cutting-edge technology, Mode Network aims to provide developers with a scalable and efficient infrastructure for building world-class applications.

With the implementation of Optimism's Bedrock upgrade, Mode Network boasts significantly reduced transaction fees, making it a cost-effective solution for end-user dApps. Compared to Ethereum, Mode Network offers fees that are over 95% lower, ensuring fast and affordable transactions.

Contributions are not only valued but also handsomely rewarded. Through mechanisms like Sequencer Fee Sharing and developer airdrops, Mode Network incentivizes developers to actively participate in the platform's growth.

Sequencer Fee Sharing incentivizes applications and users to collaborate, as they directly receive a portion of network sequencer profits. This revenue-sharing model ensures that developers are duly compensated for their efforts in scaling the Mode Network.

Moreover, the platform offers a convenient deployment process, allowing developers with experience on EVM chains to quickly transition to Mode Network. This accessibility ensures that developers can focus on innovation without being hindered by technical barriers.

Mode Network also provides hands-on support to developers, guiding them through the process of building experimental DeFi applications. From concept to execution, developers receive comprehensive assistance, enabling them to scale their projects effectively.

Additionally, Mode Network conducts developer airdrops, distributing a significant portion of MODE tokens to reward contributors. These airdrops serve as a token of appreciation for developers who play a pivotal role in expanding the platform's ecosystem.

MODE Goes Live on Bitget

Trade MODE token, the native token of Mode Network, on Bitget and become a part of governing and expanding the Mode Network. With MODE token, users can actively participate in governance of the network, contribute to user and developer campaigns, facilitate DeFi integration grants, and engage with community grants.

How to Trade MODE on Bitget

Step 1: Go to MODEUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell

For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading

Trade MODE on Bitget now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

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