Orderly Network Launches Airdrop Program This Month, Token Stakers Get 60% Net Fee Rewards
Publication Time:2024-08-09 20:32:09
Orderly Network recently announced the latest updates to its token economics, including a key change of launching an airdrop initiative scheduled for this month. This activity will distribute 60% of net fees as rewards to token stakers in appreciation for their ongoing support to the community. In the planned supply volume, 55% out of the 1 billion ORDER tokens will be directed towards ecosystem development and growth, including this airdrop; 20% is allocated for the Orderly team and advisors; 15% is reserved for strategic investors; and finally, 10% will be stored in the foundation's treasury to ensure the stability of the exchange's liquidity. It is worth noting that this airdrop will account for 13.3% of the total supply. Furthermore, Orderly stated that over 8 million dollars in net fees generated so far will continue to belong to token stakers after the Initial Token Offering (ITO). This implies that users holding Orderly tokens can immediately start staking operations post-ITO, with staking rewards being distributed in USDC upon redemption.
Orderly Network
Airdrop
Token Staking
Net Fee Rewards