The crypto world is abuzz with anticipation as Orderly Network officially announces its Token Generation Event (TGE) set for August 26, 2024. This highly anticipated event will mark a significant milestone for the network, kicking off at 8:00 AM UTC with the simultaneous launch of airdrop claims and staking opportunities. Here’s everything you need to know about the upcoming event and what it means for the crypto community.
Airdrop of 100 Million $ORDER Tokens
Orderly Network is preparing to distribute 100 million ORDER tokens through a major airdrop event. The airdrop will be conducted on the Ethereum mainnet (ERC20), signaling the beginning of a crucial expansion phase for the network. Eligible participants include Orderly Merits contributors, traders on EVM and NEAR platforms, and participants in social campaigns.
To ensure a smooth process, users are encouraged to verify their eligibility and prepare for the airdrop claims. This substantial distribution reflects Orderly Network’s commitment to decentralization and broadening its user base.
Strategic Token Distribution
The ORDER token plays a pivotal role within the Orderly Network ecosystem. With a total capped supply of 1 billion tokens, the distribution plan is meticulously designed to balance community engagement and strategic growth:
- 55% for the Community: This includes the airdrop and other community-focused initiatives.
- 15% for Strategic Investors: Allocated to investors who support the network’s growth and stability.
- 20% for Teams and Advisors: Reserved for those who contribute to the development and success of the network.
- 10% for the Foundation: This portion supports liquidity provisions and ecosystem development.
Notably, 13.3% of the community allocation is designated for early supporters participating in the airdrop, emphasizing the network’s appreciation for its early adopters.
Listing on Major Exchanges
Following the airdrop, ORDER tokens will be listed on several prominent centralized exchanges (CEXs) including Bitrue, HashKey Exchange, Gate.io, and BingX, starting at 10:00 AM UTC on August 26. This listing is expected to enhance the token’s accessibility and liquidity, offering more opportunities for users to engage with the Orderly Network ecosystem.
What’s Next on August 27?
The excitement doesn’t end with the TGE and airdrop. On August 27, Orderly Network will launch VALOR emissions, marking another significant development in its journey. VALOR, which is generated through staking ORDER tokens, will play a crucial role in the network’s decentralized finance (DeFi) offerings. This new phase will include trading and market-making rewards starting at midnight UTC, further integrating Orderly Network into the DeFi landscape.
Conclusion
Orderly Network’s upcoming TGE and airdrop event represent a pivotal moment for the network and its community. By distributing 100 million ORDER tokens and listing them on major exchanges, the network is set to expand its reach and enhance its ecosystem. The introduction of VALOR emissions adds another layer of innovation, underscoring Orderly Network’s commitment to advancing the decentralized finance space.
As the crypto community eagerly awaits these developments, the launch of the ORDER token promises to be a landmark event, shaping the future trajectory of the Orderly Network and its participants.
August 2024, Cryptoniteuae
