03 May Bitfinex Among First to List MODE, the Native Token of Mode Network
ROAD TOWN, British Virgin Islands – May 3, 2024 – Bitfinex (https://www.bitfinex.com/), a premier digital asset trading platform, announced today it will be among the first exchanges to list MODE, the native token of Mode Network. Mode Network is an innovative Ethereum L2 solution built on Optimism. It provides an on-chain environment that rewards users’ network growth contributions with MODE tokens.
The MODE token has been established to serve multiple functions within the Mode Network: it acts as a Governance Token, providing holders with voting rights on future developments; an In-game Utility Token, facilitating transactions and interactions within Mode’s decentralised applications; and a Community Token, promoting active participation and building a robust community ecosystem. Details of the Mode network and ecosystem can be found here: https://www.mode.network/.
Mode Network has also enabled on-chain referral fees and sequencer fee sharing to incentivise both developers and users to contribute to the network’s expansion. With the MODE token, Mode Network aims to enhance user engagement within the blockchain space, offering more direct participation in network growth and additional reward mechanisms.
“Bitfinex is committed to supporting the growth and development of the digital asset industry, and by listing MODE, we are providing our customers with access to a project that is at the forefront of the DeFi revolution. We are excited to see how Mode Network will continue to innovate and shape the future of finance,” said Henry Child, Head of Tokens at Bitfinex.
Deposits of MODE are anticipated to open at approximately 10:00 AM UTC on 06 May, 2024, subject to network conditions. Trading is expected to commence at approximately 11:00 AM UTC on 07 May, 2024, contingent upon liquidity requirements being met. The MODE token will be tradable against US Dollars (MODE/USD) and Tether tokens (MODE/USDt).
To obtain access to MODE on Bitfinex, customers can visit https://www.bitfinex.com/.
*All customers of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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